From Ahmed Kaigama,Bauch
The Bauchi Meat Products Company Ltd., has embarked on aggressive enlightenment of investors on the companies huge revenue potential to the tune of 182 billion annually.
The General Manager of the company Dr Alqassim Ibrahim, told newsmen at the weekend in Bauchi that the potentials remain untapped due to paucity of funds and poor investment by the private sector.
Ibrahim said “the company was currently processing just about 10 cows a week. This is far below its 13.8 million tonnes processing capacity per annum, “he said.
“If properly positioned, the company could process meat from 250 cows and 2,000 sheep and goats daily, with cows alone generating N5 million revenue daily, “he said.
He however, said that for the company to operate at full capacity, the private sector must invest in the company with assurance of high returns on investment.
He added that the state had put in place mouth-watering incentives to attract investors with a view to fully harnessed and exploit sector with huge revenue potentials in the state.
According to him, the current administration was doing its best, but there was the need for the private sector to come in.
“I strongly believed that Public-Private Partnership initiative could go a long way in resuscitating the company to its full capacity.
“The raw materials are here in Bauchi State, as the state is one of the largest livestock producers in the country and we equally have the market“.
He said that currently, five investors have invested in the company.
“They supply the raw materials and we process them, and at the end of the day we share the profit.