Dangote firm optimistic FG’s import restriction will aid operations
has said it will be counting on the federal government’s restriction of food imports to sustain operations after being idle for six months.
Since the beginning of the rainy season in May, farmers are said to have switched to other crops making it difficult for the facility, which has the capacity to process 1,200-ton-a-day tomato paste, to reach its required feedstock. The company is said to be losing at least N30 million every month ‘with employees idle’, according to the managing director of Dangote Farms, Abdulkareem Kaita.“We knew tomato is a seasonal crop before we started as it’s the case in China and Europe,
Subsequently, President Muhammadu Buhari directed the Central Bank of Nigeria to remove foreign exchange support on some imported foods.
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