date:Sep 04, 2012
Flour Mills of Nigeria plans to invest NGN100bn ($623.36bn) in Nigeria over the next five years, to take advantage of the increasing demand for pasta, bread and fast food in the country.
The company plans to double its existing milling capacity of 12,000 ton per day.
Flour Mills of Nigeria chief financial officer Jacques Vauthier was quoted by Reuters as saying that the demand for flour in the country is expected to increase, as Nigeria consumes about 80g of flour per person daily, compared to