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Mr Zacch Adedeji, Executive Secretary of the National Sugar Development Council (NSDC) By Mon Jul 26 2021 Mr Zacch Adedeji is the Executive Secretary of the National Sugar Development Council (NSDC). In this interview, he said the target of Nigeria’s Sugar Master Plan is to end sugar importation and earn Foreign Exchange (forex) with sugar exports through Backward Integration Programme (BIP).
What is your assessment of the sugar industry in Nigeria? One of the greatest assets we have at the NSDC today is the Master Plan put in place by the agency. The Agency has succeeded in stopping the importation of refined sugar. The country was spending heavily on the importation of refined sugar hitherto to meet its consumption, which has now grown to 1.7 million metric tonnes. Through the instrumentality of the plan put in place by the agency, Nigeria now has a combined local production capacity that is about twice that. ....
Following misconceptions over the Central Bank of Nigeria (CBNâs) selection of Dangote Sugar Refinery, BUA Sugar Refinery, and Golden Sugar Company, owned by Flour Mills of Nigeria Plc as the sole importers of sugar in the country, the Executive Secretary, National Sugar Development Council (NSDC), Mr. Zacch Adedeji last week spoke with a select team of journalists to clarify the CBNâs decision, which he said is also in the interest of smaller Sugar companies and the Nigerian consumers, Festus Akanbi was there Recently the Central Bank of Nigeria (CBN) announced that sugar importation should be restricted to Dangote, BUA, and Golden Sugar. Many people feel this is empowering a few big players who can fix prices, What is your take? ....
Share The Executive Secretary, National Sugar Development Council (NSDC) and former Commissioner for Finance in Oyo State, Mr Zacch Adedeji, speaks to journalists on the restriction of sugar importation permit to three big players in the industry, his vision for NSDC, effort being made at addressing constraints to the realisation of self-sufficiency in local sugar production, among others.
You were recently appointed Executive Secretary of the National Sugar Development Council (NSDC) by President Muhammadu Buhari, can you tell us about yourself, your career and the journey so far at the NSDC? I am from Iwo Ate in Ogbomosho area of Oyo State. I got my first degree in Accounting from the prestigious Obafemi Awolowo University (OAU), Ile Ife, where by the grace of God I attained First Class honours. I qualified as a Chartered Accountant of the Institute of Chartered Accountants of Nigeria (ICAN) and I later completed a Master’s degree in Accounting from OAU. M ....
He said the importation of raw sugar and the fluctuation in foreign exchange are partly responsible for changes in prices of refined sugar. He said the Backward Integration Programme (BIP) of the Nigeria Sugar Master Plan would address the raw sugar importation issue over time. He expressed satisfaction with the players in the BIP, adding that within the last seven years of the implementation of the BIP, Nigeria has achieved over 3m metric tonnes of refining capacity. He listed land access, community hostilities, foreign exchange restrictions and natural disasters as challenges of the sugar sector in the country. He said as a means of addressing insecurity in sugar production host communities, no less than 20 percent of the sugarcane grown in any area must be done by the people of the area to create inclusion and reduce insecurity. ....
By Fri Jun 11 2021 The Executive Secretary, National Sugar Development Council (NSDC), Mr. Zacch Adedeji, has said basic infrastructure is key to hasten Nigeria’s desire for self-sufficiency in sugar. Mr. Adedeji disclosed this yesterday while receiving members of the House of Representatives Committee on Industry during an oversight visit to the recently commissioned Nigeria Sugar Institute, Ilorin, Kwara state. He said these infrastructure include roads, electricity and also qualified manpower. While assuring members of the Committee of the Council’s readiness to ensure that all sugar sector policies as enshrined in the Nigeria Sugar Master Plan (NSMP) are strictly complied with and implemented to the letter by investors and other interested parties, Mr. Adedeji also listed insecurity, community hostilities, lack of access to land and natural disasters as some of the challenges confronting the sector. ....