Dr Alqassim Ibrahim, the General Manager, Bauchi Meat Products Company Ltd., said on Thursday that the company could generate N182 billion annually as revenue, if it was properly funded.
Ibrahim told the News Agency of Nigeria (NAN) in Bauchi that the company had the capacity to process 13.8 million tonnes of meat per annum.
He said that 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.
Ibrahim said that the company, owned by the Bauchi State Government, was established in 1964 through the initiative of Sir Ahmadu Bello, the then Premier of Northern Region, but commenced operation in 1968.
“It was operating at full capacity until the coming of the military government when it was neglected and since then, its operation has been epileptic.
“In a bid to turn the fortune of the company around, Gov. Isa Yuguda’s administration appointed me as the general manager in February 2013 and since then; we have been running skeletal service.
“Presently, we are processing just about 10 cows a week, while recording more than N200,000 as profit,’’ he said.
Ibrahim said that the company also had the capacity to create 2,000 employment opportunities and earn appreciable revenue for the state.
“It has huge revenue generation potential and if properly harnessed, it can greatly improve the economy of the state,” he said.
Ibrahim, however, said that in efforts to revive the company to operate at full capacity, the private sector should be encouraged to invest in the company with assurance of high returns on investment.
“The Public-Private Partnership initiative could go a long way in resuscitating the company to its full capacity.
“The current administration is doing its best but there is the need for the private sector to come in. The raw materials are here in Bauchi State, as the state is one of the largest livestock producers in the country,’’ he said. (NAN)