The Nigerian Minister of State, Industry, Trade and Investment, Senator John Owan Enoh last Tuesday met with the Minister of Commerce and Industry, Benin Republic to inspect Savé Sugar Company, a joint venture between the two countries.
Sen. Owan commended the “extra security measures” put in place by the government of Benin to secure the Savé Sugar Company which was formed in 1975.
While carrying out an on-site inspection of the facility, the Minister said the company has experienced changing fortunes and now lies almost moribund.”Various meetings at both technical and policy levels have continued to be held, Senator Owan said.
But, away from these, action is needed. We seek its revival. The two countries, as a matter of urgency, need to get a worthy core investor in short time. This is not just about sugar; it is about livelihoods, partnerships, and the shared future of our nations.
“However, where that is not feasible, the recommendation of the 2021 joint assessment report which submits to the selling of our equity in the company will be brought to the table for possible consideration”, he stated.
Benin Republic Minister of Commerce and Industry, Shadiya Alimatou Assouman described the meeting with her Nigerian counterpart as significant and said it resonates with shared concerns and aspirations of both countries.
“This visit marks a historic moment, she said. “Since the inception of the company, no Nigerian minister has visited the facility. Your bold step signifies a commitment, not only to the sugar complex but, to the bilateral relations between our nations”, Assouman concluded.