{"id":3207,"date":"2026-08-16T22:09:46","date_gmt":"2026-08-16T22:09:46","guid":{"rendered":"https:\/\/consumerconnectng.com\/?p=3207"},"modified":"2026-08-16T22:27:19","modified_gmt":"2026-08-16T22:27:19","slug":"nigeria-targets-1bn-major-investment-in-sugar-sector-to-boost-economy","status":"publish","type":"post","link":"https:\/\/consumerconnectng.com\/?p=3207","title":{"rendered":"Nigeria targets $1bn major investment in sugar sector to boost economy"},"content":{"rendered":"<p>*<strong><em>Kamar Bakrin, Executive Secretary, National Sugar Development Council, in Nigeria, discloses the country&#8217;s target is to make a major investment opportunity in the industry, and produce about two million metric tonnes of sugar locally<\/em><\/strong><\/p>\n<p>Isola Moses | ConsumerConnect<\/p>\n<p>The National Sugar Development Council (NSDC) has unveiled plan to turning Nigeria\u2019s sugar sector into a major investment opportunity.<\/p>\n<p><em>ConsumerConnect<\/em> reports the Council disclosed the fresh investment would expand local production, and reduce the West African country\u2019s dependence on imported sugar.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"ofIw5PWy9j\"><p><a href=\"https:\/\/consumerconnectng.com\/?p=3203\">Osun: Adeleke extends olive branch to co-contestants, says &#8216;no victor, no vanquished\u2019<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cOsun: Adeleke extends olive branch to co-contestants, says \u2018no victor, no vanquished\u2019\u201d \u2014 Consumer Experience Is A Top Priority\" src=\"https:\/\/consumerconnectng.com\/?p=3203&amp;embed=true#?secret=0yXsmltf0T#?secret=ofIw5PWy9j\" data-secret=\"ofIw5PWy9j\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>The NSDC plan is bankrolled on a $1 billion partnership with a Chinese company, a N10 billion fund with the Bank of Industry (BoI), and stronger monitoring of sugar companies in Nigeria.<\/p>\n<p>Mr. Kamar Bakrin, Executive Secretary of the Council, revealed this development when he received members of the Abuja Chapter of the Chartered Institute of Directors (IoD), in Abuja, FCT.<\/p>\n<p>Bakrin explained the new agenda focuses on action and delivery, not just a policymaking exercise.<\/p>\n<p>Highlighting the country&#8217;s expenditure on sugar importation, the Executive Secretary of the Council, revealed that Nigeria spends about a billion Dollars yearly, importing 1.8 million metric tonnes of sugar into the economy.<\/p>\n<p><strong>On Nigeria Master Plan 2.0<\/strong><\/p>\n<p>He equally disclosed the Nigeria Sugar Master Plan 2.0 is designed to keep that money in the country by producing sugar locally, creating jobs, and saving Foreign Exchange (Forex).<\/p>\n<p>Bakrin stated: \u201cThe target is to produce about two million metric tonnes of sugar locally.&#8221;<\/p>\n<p>Besides, the Executive Secretary of the Council revealed that the plan for the industry goes beyond sugar.<\/p>\n<p>Sugarcane can also produce ethanol, animal feed, and electricity, stated he.<\/p>\n<p>Bakrin as well said the goal is to build a full bio-industrial economy around sugarcane, not just import substitution.<\/p>\n<p>He said: \u201cTo enforce this, the Council will now use satellite images and field checks to make sure companies that get import quotas are actually farming sugarcane.&#8221;<\/p>\n<p><strong>BoI&#8217;s <\/strong><strong>\u20a6<\/strong><strong>10bn fund for bankable sugar projects<\/strong><\/p>\n<p>In regard to actual funding of the initiative, it is noted that the Council and the Bank of Industry have set up a \u20a610 billion fund to prepare bankable sugar projects.<\/p>\n<p>He explained the projects would access the $1 billion deal with the company for construction and financing.<\/p>\n<p>According to Bakrin, SmallHolder Farmers (SHFs) will also benefit through the Sugarcane Outgrower Programme.<\/p>\n<p>Stated he: \u201cEvery sugar estate must now set aside land for outgrowers and invest in schools, roads, and jobs for host communities.&#8221;<\/p>\n<p>The Council, revealed how it is learning from Brazil while improving its own systems, using Six Sigma to ensure long-term results.&#8221;<\/p>\n<p>Earlier, Mrs. Fatima Mede, leader of the delegation, had commended the Council\u2019s leadership on the visible reforms it has spearheaded in the sugar industry, and the momentum towards self-sufficiency.<\/p>\n<p>Mede, therefore, affirmed the Institute\u2019s readiness to collaborate with the Council in all areas of mutual interest as part of its contribution to advancement of sugar sector.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>*Kamar Bakrin, Executive Secretary, National Sugar Development Council, in Nigeria, discloses the country&#8217;s target is to make a major investment opportunity in the industry, and&hellip;<\/p>\n","protected":false},"author":2,"featured_media":3211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"_FSMCFIC_featured_image_caption":"Cube and Granulated Sugar","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","_customify_content_layout":"","_customify_sidebar":"","_customify_page_header_display":"default","_customify_disable_header":"","_customify_disable_header_top":"","_customify_disable_header_main":"","_customify_disable_header_bottom":"","_customify_disable_page_title":"","_customify_disable_content_vertical_padding":"","_customify_disable_footer_top":"","_customify_disable_footer_main":"","_customify_disable_footer_bottom":"","_customify_breadcrumb_display":"","_customify_header_transparent_display":"default","footnotes":""},"categories":[20,3,4],"tags":[],"class_list":["post-3207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highlights","category-infoeducation","category-markets"],"featured_image_urls":{"full":["https:\/\/consumerconnectng.com\/wp-content\/uploads\/2026\/08\/Cube-and-Granulated-Sugar-cc.png",672,360,false],"thumbnail":["https:\/\/consumerconnectng.com\/wp-content\/uploads\/2026\/08\/Cube-and-Granulated-Sugar-cc-150x150.png",150,150,true],"medium":["https:\/\/consumerconnectng.com\/wp-content\/uploads\/2026\/08\/Cube-and-Granulated-Sugar-cc-300x161.png",300,161,true],"medium_large":["https:\/\/consumerconnectng.com\/wp-content\/uploads\/2026\/08\/Cube-and-Granulated-Sugar-cc.png",672,360,false],"large":["https:\/\/consumerconnectng.com\/wp-content\/uploads\/2026\/08\/Cube-and-Granulated-Sugar-cc.png",672,360,false],"1536x1536":["https:\/\/consumerconnectng.com\/wp-content\/uploads\/2026\/08\/Cube-and-Granulated-Sugar-cc.png",672,360,false],"2048x2048":["https:\/\/consumerconnectng.com\/wp-content\/uploads\/2026\/08\/Cube-and-Granulated-Sugar-cc.png",672,360,false]},"author_info":{"info":["ConsumerConnect"]},"category_info":"<a href=\"https:\/\/consumerconnectng.com\/?cat=20\" rel=\"category\">Highlights<\/a> <a href=\"https:\/\/consumerconnectng.com\/?cat=3\" rel=\"category\">InfoEducation<\/a> <a href=\"https:\/\/consumerconnectng.com\/?cat=4\" rel=\"category\">Markets<\/a>","tag_info":"Markets","comment_count":"0","_links":{"self":[{"href":"https:\/\/consumerconnectng.com\/index.php?rest_route=\/wp\/v2\/posts\/3207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/consumerconnectng.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/consumerconnectng.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/consumerconnectng.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/consumerconnectng.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3207"}],"version-history":[{"count":2,"href":"https:\/\/consumerconnectng.com\/index.php?rest_route=\/wp\/v2\/posts\/3207\/revisions"}],"predecessor-version":[{"id":3218,"href":"https:\/\/consumerconnectng.com\/index.php?rest_route=\/wp\/v2\/posts\/3207\/revisions\/3218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/consumerconnectng.com\/index.php?rest_route=\/wp\/v2\/media\/3211"}],"wp:attachment":[{"href":"https:\/\/consumerconnectng.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/consumerconnectng.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/consumerconnectng.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}