Benue opens third bread factory to stabilise prices
The Benue Investment and Property Company Limited (BIPC) on Thursday commissioned a new bread factory in Gboko town, aimed at stabilising market prices and boosting the state’s local economy. Group Managing Director/ Chief Executive Officer of BIPC, Dr. Raymond Asemakaha, said at the inauguration ceremony, that the project was part of the ongoing economic revitalisation […]
The Benue Investment and Property Company Limited (BIPC) on Thursday commissioned a new bread factory in Gboko town, aimed at stabilising market prices and boosting the state’s local economy.
Group Managing Director/ Chief Executive Officer of BIPC, Dr. Raymond Asemakaha, said at the inauguration ceremony, that the project was part of the ongoing economic revitalisation drive of the state government.
The Tor Tiv, Prof. James Ayatse, represented by Tor Jemgbagh, HRH Chief Afatyo Ajoko, officially inaugurated the bakery.
Asemakaha described Gboko as a vibrant and commercially strategic town deserving of government investment and support.
He disclosed that the Gboko bakery was the third factory established by the company, with plans to open the fourth in Otukpo town of Benue south senatorial district.
He said the company’s goal was to transform Benue from a consumption-based economy into a manufacturing hub, stressing that the bakery represented a giant step in that direction.
Asemakaha noted that BIPC would continue to expand its investments in construction, manufacturing, and other sectors to ensure all 23 local government areas benefit from the positive economic impact of Governor Hyacinth Alia’s administration.
“To the people of Gboko, this bakery is yours. We urge you to own it, protect it, and patronise it. Let the sweet aroma of freshly baked bread be the smell of progress and prosperity for this great community,” he said.
In her remarks, Chief Elizabeth Shuluwa, Chairman of the BIPC Board, said the initiative was part of the company’s efforts to stabilise prices of essential commodities for the benefit of residents.
Shuluwa assured that the new board would continue to support management in ensuring more community-based projects across the state.
Also speaking, Mrs. Theresa Abeda, Deputy Head of Business Development Strategy, said a loaf of bread from the factory sells for N1,100, while retailers are expected to sell at a maximum of N1,300.
The Commissioner for Industry, Trade and Investment, Alumo Orpin, pledged the ministry’s continued collaboration with BIPC to help the company achieve its objectives even as he encouraged residents to patronise the bread, describing it as “fresh and of high quality.”