Nigeria goals to spice up home sugar manufacturing | Meals Enterprise Africa

NIGERIA – The Nationwide Sugar Improvement Council (NSDC) of Nigeria has partnered with the Abuja Chamber of Commerce and Business (ACCI) to drive funding within the nation’s sugar trade, aiming to attain self-sufficiency in sugar manufacturing.  

The collaboration was mentioned throughout a gathering between NSDC Govt Secretary Kamar Bakrin and the ACCI management, led by Barr. Emeka Obegolu, SAN. 

Bakrin outlined the NSDC’s purpose of manufacturing 2 million metric tons of sugar yearly, which might surpass Nigeria’s present demand of 1.8 million metric tons.  

To realize this goal, the council is concentrated on figuring out new manufacturing websites for sugarcane farming and sugar manufacturing, guaranteeing the chosen websites have long-term success potential. 

“We’ve got recognized the necessity to seek for new manufacturing websites as a precedence,” Bakrin defined. “The council is engaged on growing standards to make sure the success of those websites and can monitor their progress over time.” 

Bakrin additionally emphasised the potential profitability of sugar manufacturing in Nigeria, citing the curiosity of native and international buyers.  

He referenced profitable sugar packages in international locations like Tanzania and Senegal, suggesting that related efforts might yield important ends in Nigeria.  

Bakrin estimated that about US$5 billion could be wanted to totally develop the sector and proposed facilitating long-term financing choices to draw funding. 

Along with monetary incentives, Bakrin careworn the significance of group help for sugar initiatives, which might create jobs and develop important infrastructure, resembling irrigation programs for sugarcane farming.  

He additionally highlighted the NSDC’s dedication to Company Social Duty (CSR), guaranteeing that sugar producers contribute to the welfare of native communities. 

Bakrin expressed optimism concerning the partnership with ACCI, stating, “We imagine that the cooperation between us will profit each events.” 

Nigeria at present consumes between 1.4 and 1.6 million metric tons of sugar yearly, with 96 p.c of this quantity imported from Brazil.  

Earlier, Nasarawa State Governor Abdullahi Sule referred to as for the inclusion of sugarcane within the Worth Chain Improvement Programme (VCDP), a transfer he believes might considerably cut back the nation’s reliance on sugar imports.