FG launches N30bn sugar sector intervention
The Federal Government of Nigeria has launched a N30 billion infrastructure intervention to drive the growth of the sugar sub-sector. President Muhammadu Buhari, who launched the programme titled, “Presidential Intervention on Irrigation Infrastructure to Accelerate Sugar Backward Integration Programme Projects (BIP)”, said the goal of the intervention was to support the development of irrigation infrastructure […]
President Buhari
The Federal Government of Nigeria has launched a N30 billion infrastructure intervention to drive the growth of the sugar sub-sector.
President Muhammadu Buhari, who launched the programme titled, “Presidential Intervention on Irrigation Infrastructure to Accelerate Sugar Backward Integration Programme Projects (BIP)”, said the goal of the intervention was to support the development of irrigation infrastructure on 10,000 hectares of sugar plantations located at six BIP sites namely; Numan – Adamawa State; Sunti – Niger State; Lafiagi – Kwara State; Bacita – Kwara State; Toto and Tunga – Nasarawa State.
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A statement by the Head, Public Affairs Unit of National Sugar Development Council (NSCD), Abdullahi Yunusa, said the aim of the intervention was to improve the country’s performance on cane yields as well as to reduce the negative impacts of COVID-19 on the industry’s progress in achieving self-sufficiency.
President Buhari, who was represented at the event by the Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, said the implementation of the structures would enhance rural jobs as the recommendation stated that 10 per cent of the total allocation to each BIP operator would be reserved for Sugarcane outgrower farmers within the community.
In his remarks, the Executive Secretary of NSDC, Zacch Adedeji, said the intervention was part of the government’s determination to provide an enabling environment for private investments to thrive and flourish in the country.