As of February 20, 2022, news has created a stir in the business circles of Enugu, Nigeria, as the state government has entered into a N40 billion Memorandum of Understanding (MoU) with JELFAH Group to revive the defunct Sunrise Mill in Emene.
The signing of the agreement marked a major turning point in the state’s efforts to attract investment and revitalize key economic assets. The state governor, Peter Mbah, has emphasized his commitment to working with investors to mitigate risks and ensure their economic growth in the region.
The Sunrise Mill, established in 1983 with the capacity to produce flour, semolina and wheat, had ceased operations only two years later in 1985. This new association with JELFAH Group is aimed at reviving the once flourishing facility that had fallen into disuse.
At the signing ceremony, Governor Mbah described the transaction as a win-win partnership, as it involves the assignment of 60% of the N40 billion contract to JELFAH to revive the mill.
JELFAH Group Managing Director, Moses Saromi, expressed gratitude to the governor for his commitment to the deal, noting that the trust shown by the state led the company to choose Enugu as the preferred location for the collaboration.
At the heart of the investment is a diversification plan that goes well beyond wheat production. Indeed, JELFAH is committed to establishing an agricultural value chain to supply the mill with raw materials, involving a process of upstream and downstream integration.
Since his inauguration on May 29, 2023, Governor Mbah has committed to boosting the state’s economy by revitalizing dormant and moribund industrial assets.
This ambitious initiative heralds a bright future for Enugu’s economy, while boosting investor confidence in the region. By putting the Sunrise Mill back on track, the state is paving the way for a sustainable economic renaissance, creating jobs and driving regional growth.