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The Minister of Industry, Trade and investment, Adeniyi Adebayo, says the Nigeria Sugar Institute (NSI) just commissioned in Ilorin, Kwara State, ”will create hundreds of thousands of jobs”.
Mr Adebayo, who spoke at the ceremony held on Saturday, described the commissioning of the institute as a landmark achievement and a testament to what public-private partnership can achieve.
Also at the ceremony were the governor of the state, Abdulrahman Abdulrazaq; his deputy, Patrick Alabi; Emir of Ilorin, Zulu Gambari; chairman of Dangote group, Aliko Dangote, amongst others.
According to the minister, “the sugar industry holds a special place in Nigeria’s industrialisation story. It carries the expectations of creating over a hundred thousand jobs and the NSI is one of the key instruments for ensuring its sustainability”.
The Minister of Industry, Trade and investment, Adeniyi Adebayo, says the Nigeria Sugar Institute (NSI) just commissioned in Ilorin, Kwara State, ”will create hundreds of thousands of jobs”.
According to market intelligence and corporate data provider Asokoinsight.com, local sugar consumption has grown by 94 percent in the past two decades, from 645,000 metric tonnes in 1990 to 1.25 million metric tonnes in 2017.
In a 2019 investigation by Daily Trust, Nigeria spent $1.87 billion on the import of 5.54 million metric tons of raw sugar between 2015 to 2018.
During the commissioning of the institute, the Executive Secretary of NSDC, Dr. Latif Busari gave the assurance that NSI would help change the narrative on sugar production in the country.
The commissioning of the institute was witnessed by Kwara State Governor, Abdulrahman Abdulrazaq, and the Minister of Industry, Trade and Investment, Niyi Adebayo.