Benue Investment and Property Company Limited (BIPC) says its monthly performance reviews focus on measuring direct impact on citizens as the company expands into agribusiness, local manufacturing, and sustainable housing.
Group Managing Director and CEO, Dr. Raymond Asemakaha, CFA, said the reviews go beyond financial figures to track how the group’s activities affect livelihoods in the state.
“Our monthly review isn’t just about numbers; it’s about measuring our direct impact on the lives of Benue citizens,” Asemakaha said.
He added that with the group’s expansion into agribusiness, local manufacturing, and sustainable housing, each milestone brings BIPC closer to its goal of creating lasting economic opportunities.
“Every milestone we hit brings us closer to generating lasting economic opportunities and creating jobs for our teeming youths,” he said.
The statement, posted on BIPC’s official Facebook page on Monday, May 25, said the projects and investments highlighted align with Governor Hyacinth Alia’s vision for the state’s economic transformation.
*Agribusiness investments lead the push*
BIPC has prioritized agribusiness, starting with the Bensono Fruits Juice Processing Factory in Makurdi. The factory began full production in September 2024. According to Asemakaha, the goal is to cut Nigeria’s ₦68 billion annual juice concentrate imports and provide a ready market for Benue farmers. Waste from production will also be converted into organic fertilizer for local use.
BIPC has also partnered with KAOTHEEM Energy and TAICOP Capital under a PPP arrangement to convert yam into flour, tomatoes into paste, and expand soybean value chains. The aim is to reduce post-harvest losses and improve food security.
The company’s outgrowers scheme for sorghum, rice, and oranges is designed to boost local production and value addition. It includes citrus aggregation and an orange outgrowers program. BIPC plans to offtake sorghum for its brewery and malt production operations.
*Brewery and agro-hub projects*
The Food Basket Brewery remains one of BIPC’s flagship investments. The brewery is 75-80% complete and valued at about ₦250 billion. Combined with the juice factory, the projects are projected to create over 1,400 jobs. The factories are also expected to meet a large share of beverage demand in Benue.
The Agro Commodities Hub and Central Logistics Park is another major project. BIPC is securing a $10 million facility from Shelter Afrique for the hub. Asemakaha said it would create direct wealth for more than one million traders in the agricultural value chain and guarantee uninterrupted food supplies for over five million people for at least 120 days during periods of scarcity.
*Housing and manufacturing expansion*
BIPC is also investing in low-income housing to address Benue’s housing deficit. This includes 500 housing units under the $10 million Shelter Afrique deal, as well as a Diaspora Eco-City and Diaspora City project. The company plans to begin construction of Fountain Estate Phase, a medium-income housing scheme.
In manufacturing, BIPC has expanded bread factories in Makurdi, Gboko, and Otukpo. It has since added a nails factory, nylon factory, water and sachet water packaging plants, the Emperor Fertilizer plant, and a motorcycle hire-purchase scheme.
BIPC said these projects have already created 472 direct and 1,250 indirect jobs, with the juice, brewery, and agro hubs expected to add over 1,400 more.
The company said its agribusiness investments focus on fruit processing, outgrower schemes, and agro-hubs, while its housing projects target low-income estates and diaspora-focused developments.
