Investments In Sugar Sector Hit N157bn In 6yrs – NSDC
December 20, 2019
Investments in the sugar sector of the national economy rose to N157 billion in the last six years that the National Sugar Master Plan (NSMP) came on board, the National Sugar Development Council (NSDC) has said. Executive Secretary of the NSDC, Dr. Latif D. Busari, made the revelation when the Minister of Industry, Trade and Investment, Otunba Niyi, toured major sugar project sites across the country, recently. Dr. Busari charged Dangote, BUA and other major operators in the nation’s sugar sub-sector to remain faithful to the implementation of the Backward Integration Programme for the sector signed in 2013. He told the operators that a greater measure of commitment was required from key stakeholders in the sector in order to sustain the gains so far recorded and to make the industry globally competitive in line with the economic diversification agenda of government. The minister was accompanied on the visit by the President of Dangote Industries Limited, Aliko Dangote; Chairman, BUA Group, Alhaji Abdulsamad Rabiu and Chairman, Flour Mills of Nigeria, Mr. John Coumantaros.
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