Benue Investment and Property Company (BIPC) says Taraku Mills is set to revolutionize the Benue economy. A statement by BIPC group managing director, Dr Raymond Asemakaha projects that the company, now at 85% rehabilitation stage will generate an annual turnover of N8.2 billion, with over 2.5b dollars saved annually on edible oil imports when completed. The statement said the company aims at creating 1,500 direct and over 5,000 indirect jobs for farmers, transporters and distributors when fully operational. According to the statement, BIPC has in its employ 47 highly professional staff, among them 18 engineers/technicians and 29 operators. “Our target at full capacity across all ten product lines is 1,500 direct jobs," the statement said, further disclosing that the installed capacity at Taraku Mills, “is 200MT per day, with two soybean crushing lines of 50MT per day each already restored. We will start small and upscale gradually. Mechanical rehabilitation will be completed soon," the statement added. BIPC disclosed that the factory is currently being test-run with Asemakaha expressing confidence that before the end of this year it should proceed to commercial dry-runs and certification before full market rollout. The company said it has registered 2,847 farmers across twelve local government areas of Benue state through its aggregation model. BIPC said, “In addition, there is a 5,000 KVA transformer on the industrial line in Taraku which guarantees up to 16 hours of power when connected. This administration is also finalizing a dedicated 2-megawatt supply for Taraku Mills, which will further cut energy costs by 22%”, adding, “We will establish three aggregation centres in Taraku, Gboko and Otukpo with 3,000MT combined storage. To sustain 100MT per day, Benue needs about 18,000 hectares annually. We are providing improved seeds for next season”.

Posted: 3weeks ago

Author: Editor in Chief

Current date: 18 October 2026