Operations at Flour Mills’ Sunti Golden Sugar Estate, Niger State have been affected by the ravaging floods which stormed parts of the country.
The Sugar Estate was said to have been affected as a surge in the downstream Niger River caused a breach to the extensively-designed dyke systems at Sunti Golden Sugar Estates (SGSE).
This information was contained in a notification sent to the Nigerian Stock Exchange (NSE) and signed by the Company’s Secretary, Umolu Joseph A. O, according to Nairametrics.
The company’s management explained that the floods were caused by an upsurge in the lateral flow of water at Kainji and Jeba Dams, triggered by heavy downpours at the Sokoto Rima Basin.
Flour Mills noted that it had deployed safety measures for the protection of its workers and equipment.
According to the company, the true extent of damage to sugarcane crops at the Estate can only be assessed once the floodwater reduces.
It, therefore, assured of subsequent details as developments unfold.
Meanwhile, this recent happening would delay the company’s expansion project, it noted.
AgroNigeria gathered that the company had planned increasing its cultivation area to 4,000 hectares by mid-2021.