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Nigeria targets 400,000 MT annual output as NSDC signs sugar estate deals with four operators

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Nigeria targets 400,000 MT annual output as NSDC signs sugar estate deals with four operators

The National Sugar Development Council (NSDC) in Nigeria has signed agreements with four operators to develop new sugar estates that are expected to collectively produce 400,000 metric tonnes annually. The NSDC Executive Secretary, Mr.

Kamar Bakrin, stated that this initiative is part of efforts to reduce the country's reliance on sugar imports. The agreements involve Brent Sugar in Oyo State, Niger Foods in Niger State, Legacy Sugar in Adamawa State, and UMZA in Bauchi State.

Bakrin highlighted that this move is a significant step towards achieving the 2025 accelerated development target for the Nigerian sugar sector. The project is expected to create employment opportunities, develop rural infrastructure, and stimulate economic activity in the host states.

Additionally, a previous agreement with a foreign partner in April aimed at boosting sugar production in the country has already attracted investments worth $1 billion. This collaboration is part of a Strategic Partnership supported by President Bola Tinubu, with plans to construct a sugar processing plant and develop.

Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.

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