NSDC targets $1bn investment to cut sugar imports
The National Sugar Development Council (NSDC) aims to attract $1bn investment to reduce Nigeria’s sugar imports, boosting local production and self-suffici Read More: https://punchng.com/nsdc-targets-1bn-investment-to-cut-sugar-imports/
The National Sugar Development Council (NSDC) is aiming to attract a $1bn investment in Nigeria's sugar industry through a partnership with SINOMACH of China and a N10bn Sugar Project Acceleration Fund. The NSDC's Executive Secretary, Mr Kamar Bakrin, revealed these plans during a meeting with the Abuja Chapter of the Chartered Institute of Directors.
The NSDC's Sugar Master Plan 2.0 seeks to boost local production and retain more value within the Nigerian economy, addressing the issue of poor implementation rather than a lack of policies. The plan also aims to increase production to two million metric tonnes of locally produced sugar, with the sector's value chain extending to ethanol, animal feed, and power generation.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
