Sugar masterplan could fetch Nigeria over N289bn — Dangote dailytrust.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytrust.com Daily Mail and Mail on Sunday newspapers.
Mr Zacch Adedeji, Executive Secretary of the National Sugar Development Council (NSDC)
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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.
CBN restricts importation of sugar to Dangote, BUA and Flour Mills pulse.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pulse.ng Daily Mail and Mail on Sunday newspapers.
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