Adoga said that the move is expected to bolster the company’s infrastructure and enhance its production capacity, enabling it to meet the growing demand for its products.
“It will help us address the free float deficiency requirement, help us raise fresh capital for the business, and help us fulfill our capacity to meet existing plans,” he added.
He remarked on the company’s commitment to continuous improvement, saying, “Our nine months of 2024 performance reflects our ability to adapt and grow in a challenging environment. We are confident that our investments in operational efficiency, renewable energy, and market expansion will position us for even greater success in the coming years.”
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