FG targets $7.1bn sugar investments, 110,000 jobs in 10 years

The Federal Government is targeting $7.1 billion in investments in the sugar industry over 10 years to boost domestic production above two million metric tonnes annually, create 110,000 jobs and save $2.1 billion in foreign exchange annually.

The programme, coordinated by the National Sugar Development Council (NSDC), is aimed at reducing Nigeria’s dependence on imported raw sugar through increased sugarcane cultivation, processing capacity and private-sector investment.

Executive Secretary of NSDC, Kamar Bakrin, disclosed the plan in Abuja, saying the initiative would strengthen local production and supporting agricultural infrastructure.
Under the programme, the council is pro...