The National Sugar Development Council, NSDC, in Nigeria has made an arrangement with four businesses to create brand-new sugar projects that will together make 400,000 tonnes each year.
The NSDC shared this information in a recent message to DAILY POST after the partnership agreement signing in Abuja.
It mentioned that this agreement is the newest part of a big effort by the Nigerian government to lower the large amount of money the country spends importing sugar and to be able to produce enough sugar for itself.
The government agency stated that the four businesses will each build places that can make 100,000 tonnes in different farming areas of Nigeria, like Brent Sugar in Oyo State, Niger Foods in Niger State, Legacy Sugar in Adamawa State, and UMZA in Bauchi State.
“The wide geographic range from the south-west to the north-east of Nigeria shows a careful plan to use different farming conditions and spread money-making chances across different areas.
“The agreements, signed at the NSDC offices in Abuja, show a major increase in Nigeria’s goals for growing its sugar industry. According to the agreement, the council will give specific help for project growth and pay for important service costs to make sure the businesses are able to make money.
“This growth is based on Nigeria’s more and more forceful way of growing the sugar industry. The NSDC recently signed a deal with a Chinese company for engineering, buying, building, and funding services to build up to five sugar farms, which means a total investment of $1 billion. This partnership with China shows that Nigeria wants to use foreign knowledge and money to quickly grow its own ability,” the statement says in part.
Mr. Kamar Bakrin, who is the Executive Secretary/CEO of the Council, said that the government has named 2025 as a year of “fast growth” for sugar projects.
He also said that this plan shows how seriously the government is taking the need to make sure there is enough food and to lower the need to import.
Bakrin said that changes in the world’s markets for goods have made making things locally more attractive for businesses than ever before in the industry’s history, which is a chance to quickly grow how much can be made.
