FG Set To Invest In Sugar – Bissala

sugar

The permanent secretary, Federal Ministry of Industry, Trade and Investment, Aminu Aliyu Bissala has revealed that the present administration is keen on harnessing the enormous potential in the nation’s sugar industry for the overall benefit of Nigeria and Nigerians.

Bissala also expressed optimism in the present administration’s quest to diversify the nation’s economy, saying that the sugar sector as presently positioned is capable of providing answers to the myriad of economic crises facing the nation at this point in time.

He said that the time to organise the workshop, which seeks to mobilise and enlighten the stakeholders on the abundant opportunities in the Nigerian sugar sector for investment purposes cannot be more opportune than now.

He further stressed that the need to create awareness about the potential that exist for investors in the sugar sub sector is also critical particularly at this time of our national life when government is confronted frontally by the challenges of unemployment with the attendant social vices; low value of naira in relation to other world major currencies with the balance of payment problems; poverty and low standard of living; etc.
Meanwhile, the National Sugar Development Council (NSDC) has disclosed that Nigeria is set to meet 1.79 metric tonnes of sugar, 161.2m litres of ethanol by 2023.

NSDC also hinted that it is planning to generate about 411MW of electricity and create about 117,000 jobs after the end of its 10-year plan of the Nigerian Sugar Master Plan (NSMP) by 2023.

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