Nigeria’s Sugar Industry to Invest over $1 Billion, Prepares to Reduce Reliance on Imports
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NSDC Targets Sugar Self-Sufficiency With $1bn Investment Partnership - AgroNigeria
The National Sugar Development Council (NSDC) is pursuing sugar self-sufficiency through a $1 billion investment partnership and a ₦10 billion fund aimed at accelerating sugar projects across Nigeria. The Executive Secretary of the NSDC, Kamar Bakrin, disclosed this in a statement issued on Sunday in Abuja. Mr Bakrin spoke during a recent courtesy visit by members of the Abuja Chapter of the Chartered Institute of Directors (CIoD), where he outl…
The president of the Association of Cañ growers of the central region of Venezuela, Luis Pérez, asked the national government to stop imports of refined sugar, whose volume generates unfair competition for domestic production. Currently, the sugar that is distributed in the country comes in 60% of independent cañ growers and the remaining [...] The entry Cañ growers ask to suspend import of sugar in the face of falling domestic prices was first …
Nigeria’s sugar industry to invest over $1 billion, set to reduce import dependency Abuja: Nigeria’s National Sugar Development Council (NSDC) has developed a plan to invest over $1 billion to boost domestic sugar production and reduce the country’s dependence on imports. Currently, Nigeria’s annual sugar consumption is about 1.8 million metric tons which is met through imports. The proposed investment plan includes an engineering, procurement a…
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