Latest News

FG task pioneer sugar operators on BIP implementation

In a bid to fast track initiatives and programmes in the sugar sector aimed at attending self-sufficiency, the Federal Government has charged major operators in the nation’s sugar sub-sector to remain faithful to the implementation of the Backward Integration Programme (BIP) which was signed in 2013 to encourage and boost the cultivation of sugarcane in Nigeria.

Speaking in Abuja, the Executive Secretary of National Sugar Development Council (NSDC), Latif Busari noted that “a greater measure of commitment is 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.”

He reassured that government read to build a globally competitive sugar industry that would guarantee huge return on investments for all players, attain self-sufficiency, create jobs, generate electricity and derive other benefits of the sugarcane value chain as contained in the Nigeria Sugar Master Plan (NSMP), said the Council would continue to provide all necessary policy supports and regulatory assistance for the sector to thrive.

ALSO READ: N37bn NASS Renovation Bill: Final straw of APC’s corruption ― PDP

While commending the three major investors in the sector, Flour Mills Nigeria, BUA Sugar Refinery and Dangote Sugar Refinery for their huge investments in the sector amidst operational and climatic challenges, the Executive Secretary tasked the operators to speed up work across their factories, noting that Nigerians are anxious to see that these factories become operational in view of their huge economic impact on the country and benefit to all interested parties.

According to a statement made available to the media by Ahmed Waziri, Busari said, “Government is very much interested in building a globally competitive sugar sector that would make Nigeria a net exporter of the commodity.

“We are not going to relent in our determination to attain self-sufficiency in sugar production as contained in the Nigeria Sugar Master Plan.

“It is gratifying to note that overall investments in the sugar sector of the national economy have risen to N157 billion in the last six years that the NSMP came on board, interestingly, more investors are coming in.”

“As you already know, President Muhammadu Buhari had in March 2018 commissioned a multi-billion Naira sugar project in Sunti, Niger state owned by the Flour Mills of Nigeria.

“Also, the BUA Group is working hard at its BIP site in Lafiagi, Kwara State. The project would be ready for commissioning by the last quarter of 2020. Same effort is being replicated by the market leader, the Dangote Group at its two sites in Numan, Adamawa state and Tunga in Nasarawa state. Both projects form the BIP sites of the group.

“So, in all, though coming a bit late I believe we are on track, and we will not relent in our resolve to grow our sugar industry,” he stated.

Daramola Oluwafunmilayo

Recent Posts

Olojudo’s coronation: Planning committee unveils programme of activities

Okunade while providing more clarification on the event, said, “This historic and culturally significant occasion…

10 minutes ago

2025: Top 10 African countries with the largest oil reserves

Oil is one of the main drivers of economic growth in Africa. It fosters international…

40 minutes ago

Tinubu’s administration not Yoruba but Nigerian govt — Afenifere

"He did not ascend to the presidency by tribal inheritance but by democratic choice —…

49 minutes ago

10 animals with short lifespans

Life is too short, but some animals don't even have the privilege to live beyond…

57 minutes ago

My husband returned home late, later deserted me —Wife

•She denied me s3x, I can’t beg her for it —Husband A 43 YEARS old…

1 hour ago

My husband attacked me with screw driver, knife, attempted to set me ablaze —Wife

•She’s a liar —Husband A businesswoman, Ella Woye, has prayed a Federal Capital Territory Customary…

1 hour ago

Welcome

Install

This website uses cookies.