The International Sugar Organisation currently puts Nigeria’s total sugar production at 30,000 tonnes yearly.
The Executive Secretary of the National Sugar Development Council, Dr. Latif Busari, said that some measures have been put in place to ensure that the country achieved self-sufficiency in sugar production by the year 2020.
Mr. Busari revealed that Nigeria will soon start production of sugar to the tune of 1.7 million tonnes.
The Executive Secretary, who noted that Nigeria currently consumes about 1.5 million tonnes of sugar annually, said that the excess production would be made for export.
He said to achieve self-sufficiency, the Federal Government has approved the Nigeria Sugar Master Plan last September to transform the nation’s promising sugar industry into a major revenue earner driven by the private sector.
Mr. Busari said the implementation of the master plan would require massive private sector investments of more than $3.1 billion (N496 billion) over the next 10 years. He added that one of the key elements of the master plan was to have 28 sugar projects sited across 17 states of the federation.