The CEO of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin, highlighted Africa’s $7 billion export market for Nigerian sugar, with the local market valued at $2 billion.
Speaking in Lagos, Bakrin noted that domestic sugar demand in Nigeria stands at about 2 million metric tonnes annually, underscoring a promising investment opportunity.
Bakrin emphasized that the competitive exchange rate favors local production over imports, and strong government incentives support investor engagement.
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The council is encouraging stakeholders to participate in the Backward Integration Plan (BIP), which requires investments in host community development, including schools, clinics, roads, and job creation.
The NSDC chief also underscored the industry’s potential for high-value products like ethanol and bioplastics, as well as training and expansion initiatives aimed at achieving sugar self-sufficiency by 2032.
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