Second Phase of sugar policy to attract more investments – Sugar Council

The Executive Secretary of the National Sugar Development Council (NSDC), Mr. Zacch Adedeji, has said the approval of the second phase for the implementation of the Nigeria Sugar Master Plan(NSMP), would boost investors’ confidence and attract more investments to the industry. Speaking at an inspection visit to the Lafiagi Sugar Company, a subsidiary of BUA […]

The Executive Secretary of the National Sugar Development Council (NSDC), Mr. Zacch Adedeji, has said the approval of the second phase for the implementation of the Nigeria Sugar Master Plan(NSMP), would boost investors’ confidence and attract more investments to the industry.

Speaking at an inspection visit to the Lafiagi Sugar Company, a subsidiary of BUA Foods Ltd, in Kwara State, Adedeji said the extension indicated that the industry is headed on the right path that would lead to meaningful revitalization of the sugar sector.

“In line with the expectations of Mr. President and Nigerians, we shall in the shortest possible time attain self-sufficiency in sugar production and export to neighbouring African countries. But you know that one of the things that we have the mandate to do is to assess what has happened in the last 10 years, and what lessons we need to include as we begin a new journey come 2023.

‘We shall tinker a bit with what we had in the past. Essentially, our next phase of activities would be anchored on verifiable data and innovation to make our work seamless.”

In a statement by the Head of the Public Affairs Unit of NSDC,  Abdullahi W. Yunusa, Adedeji noted that the policy offers existing key players in the sector opportunities of building on what had been achieved with both human and material resources deployed to meaningfully grow the industry.