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Home Government FG to Launch Sugar Master Plan Phase II
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FG to Launch Sugar Master Plan Phase II

By
Prnigeria
-
March 17, 2024
Tinubu, Doris Uzoka-anite and ES NSDC, Mr Kamar Bakrin
Tinubu, Doris Uzoka-anite and ES NSDC, Mr Kamar Bakrin

FG to Launch Sugar Master Plan Phase II

The Federal Government is set to formally unveil Phase II of the Nigeria Sugar Master Plan (NSMP).

This, according to the Executive Secretary of the National Sugar Development Council (NSDC), Mr Kamar Bakrin, is in demonstration of the President’s commitment to the NSMP goals of self-sufficiency in sugar production, job creation, and industrialisation.

Speaking at the Sugar Industry Monitoring Group (SIMOG) meeting in Abuja, the Executive Secretary shared the performance evaluation of Phase I of the NSMP and the implementation roadmap for Phase II, emphasising the need for operators, who are members of the Group, to keep to their commitments while promising that NSDC will play its sector development role to take the industry to the desired heights.

“The plan targets the production of a minimum of 2 million metric tons of sugar, 400 MW of electricity, and the creation of 110,000 jobs across the value-chain, nationwide.

“Crucially, the NSMP II will require between 200,000 to 250,000 hectares of suitable land, and an estimated $3.5 billion in investments. In addition, collaborative efforts will focus on empowering host communities of sugar projects,” he said.

The NSDC boss added that a robust framework has been devised to monitor the performance of NSMP II, establishing clear targets and milestones over the period.

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“This monitoring mechanism ensures accountability and facilitates timely adjustments to optimise outcomes,” Mr Bakrin noted.

According to him, another important aspect the Council is working on is the amendment of the NSDC Act to be able to appropriately support the growth of the sector and give investors’ confidence.

In 2012, the Federal Government approved and launched the NSMP which is the strategic road map for sugar sector’s development and the enactment of a conducive policy environment for its implementation.

The policy positions the industry to attract investments in domestic production through backward integration programmes, offering tax incentives to investors.

SIMOG is made up of CEOs of all local sugar manufacturing companies. It is a peer review group that promotes the credibility of outcomes by validating performance data and providing a platform for sharing good practices and measures taken to overcome implementation challenges.

Participants at the SIMOG meeting include Ravindira Singhvi of Dangote Sugar Refinery, Temitope Hassan of Dangote Sugar Refinery, Ayodele Abioye of BUA Foods, Abdulrasheed Olayinka of BUA Foods, Labaran Saidu of BUA Foods, Sadiq Usman of Flour Mills, Oluwakemi Ashiru of Flour Mills, Onome Okurah of Flour Mills, Cosmos Ikhupria of KIA Africa, Inem Eyiho of KIA Africa, Owoniyi Babatunde of KIA Africa and Mrs. Mam Odofin of KIA Africa.

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Olubaka of Oka Praises Foundation for "Best Oka Day" FestivalNIPR FCT Chapter Focuses on Crisis Communication and ProfessionalismTroops Eliminate Dozens of Terrorists, Arrest 578 Suspects in July OperationsFG Reacts to Niger Governor’s Closure of Badegi FMInformation Ministry Inaugurates Anti-Corruption Unit to Deepen TransparencyIG Boosts Police Intelligence Capacity with New Tech, Training for Technical Intelligence UnitAnambra Police Nab Wanted Kidnap Suspect in KadunaCustoms Just Wrote Nigeria's Energy RulebookLawyer Sues Housing Ministry, FHA Over Alleged Property RedesignNavy to Establish  Base in Kebbi to Tackle Inland Waterway CrimesArmy Commander's Compassion Keeps 100 Students in School in ZamfaraSam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ's Education ProgramNIPR Hails customs Boss' Tenure Extension as Evidence of Transformational LeadershipAkwa Ibom Boosts National Security with Land Donation for Nigerian Air Force BaseCustoms Unveils Renewable Energy Handbook, Strengthens EU-Germany-GIZ Partnership
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