Nigeria’s push to strengthen local sugar production gained momentum as the National Sugar Development Council (NSDC) and the Bank of Industry (BOI) launched a ₦10 billion Sugar Project Acceleration Fund (SPAF) to support the development of new sugar projects across the country. The initiative targets greenfield sugar projects and aims to provide both financing and …
Niger State has taken a major step toward Nigeria’s sugar self-sufficiency drive. Following a high-level meeting at the Government House in Minna, the National Sugar Development Council (NSDC) and the Lee Group announced plans to establish a large-scale sugar production project in the state. During the meeting, Governor Umar Bago assured the delegation of full …
The National Sugar Development Council (NSDC) and the Nigerian Export-Import Bank (NEXIM Bank) have formed a strategic partnership to unlock long-term financing for Nigeria’s sugar industry. At a high-level meeting in Abuja, both institutions agreed to work together to drive large-scale sugar production and reduce the country’s heavy reliance on imports. Leading the NSDC team, …
The Nigeria Governors’ Forum (NGF) has agreed to prioritise sugar as a key product for industrial growth in states across the country. The Forum also resolved to include sugar projects as key beneficiaries in its engagements with development partners within and outside Nigeria. The move aims to boost agro-industrial development and reduce the country’s reliance …
The National Sugar Development Council (NSDC) has launched the Sugarcane Outgrower Development Programme (SODP) to increase local sugar production and reduce Nigeria’s dependence on imports. The initiative, which supports the Nigeria Sugar Master Plan II (NSMP II), aims to bring farmers into the national sugar value chain while boosting rural jobs and income. Announcing the …
By Esther Ososanya The National Sugar Development Council (NSDC) has signed fresh agreements with four major operators to roll out large-scale greenfield projects expected to produce 400,000 metric tonnes of sugar annually. This is one of Nigeria's boldest industrial pushes in decades to protect its economy and cut the massive foreign exchange drain from sugar …
By Esther Ososanya The Executive Secretary of the National Sugar Development Council (NSDC), Mr Kamar Bakrin, has issued a clarion call to Nigerian farmers and private investors to take advantage of what he describes as a “golden window” for investment in the country’s sugar industry. Speaking during a courtesy visit by the All Farmers Association …
By Esther Ososanya The Executive Secretary of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin, has announced an aggressive strategy to remove longstanding obstacles frustrating sugar self sufficiency in Nigeria. Addressing stakeholders at a tripartite meeting involving the Ministry of Industry, Trade and Investment, and major operators of the Backward Integration Programme (BIP), Bakrin …
