Di Federal Government don show one $7.1bn 10-year investment programme to make Nigeria sugar production pass two million metric tonnes every year, save $2.1bn for foreign exchange every year and create 110,000 direct and indirect jobs.
Di plan, wey di National Sugar Development Council dey lead, get 10 new sugar estates wey dem expect to produce 835,000 metric tonnes every year when dem full capacity, plus to expand di ones wey dey already and improve output from di mills wey don dey.
Di NSDC talk say dem design di programme to reduce how di country dey depend on sugar wey dem dey import, as more than 97 per cent of di 1.8 million metric tonnes wey dem dey consume every year come from imported raw sugar wey dem refine.
When e dey talk during one presentation for press briefing with di Commerce and Industry Correspondents Association of Nigeria for Abuja on Sunday, di Executive Secretary and Chief Executive Officer of di council, Kamar Bakrin, talk say Nigeria don announce sugar production targets plenty times without reach self-sufficiency.
"We dey import almost all di sugar wey we dey consume. Dem don launch and relaunch plants. Targets don come and go. I no invite una here to add to that list. Di diagnosis don finish," Bakrin talk.
E add say, "Wetin different today na say we no dey debate again why e be like this, and who to blame, and all that.
Four things dey, and we get answers to each and every one of why we dey where we dey."
According to di council, di programme go need $5bn for debt financing and $2.1bn for equity contributions from project promoters and operators.





















