Minister of Industry, Trade and Investment, Richard Adeniyi Adebayo, says the Federal Government will give management of the Flour Mills of Nigeria Plc all necessary supports in its ongoing industrial expansion and other businesses.
The minister made the promise on Friday during a meeting with John Coumantaros, managing director of the company, in Abuja.
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Adebayo said the Federal Government would encourage private investors and business owners by creating enabling environment for projects capable of creating jobs for Nigerians.
He said the current government had renewed its resolve to fully diversify the economy to non-oil income generation through the private players like the Flour Mills plc.
To achieve this, he said government would continue to invest huge capital into infrastructure development to create enabling environment for both foreign and local investors.
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He called on other large-scale firms and MSMEs to emulate what the company was doing in the area of agro-business to help government achieve its dream of industrialisation and food security.
Coumantaros in his earlier remarks told the minister that his company needed government support in its businesses covering production of grains, fat and oil, sweeteners, starches, and proteins.
He noted that the firm had various services and products to offer to Nigeria, given its large population, saying Flour Mills currently employed no fewer than 12,000 Nigerians in its factories across nine states of the federation.
He promised that his firm would further help grow Nigeria’s economy, particularly through agriculture by creating a value chain of products, industry and consumers.
