Nigeria’s sugar sub-sector has attracted investments worth $3 billion in the last 10 years that have been utilized through the Nigeria Sugar Master Plan (NSMP), said Zacch Adedeji, the Executive Secretary of the National Sugar Development Council (NSDC).
Around five investors have signed into the backward integration programme component of the master plan, he said.
These five companies are Dangote Sugar Refinery, BUA Sugar Refinery, Golden Sugar Refinery, KIA Africa Group and Saro Africa Group, he informed.
The sugar sector has played a strategic role in the economic diversification of the country apart from generating job opportunities for thousands of people, said Adedeji.
The NSDC head was sharing the information during the signing of a Memorandum of Understanding (MoU) between Saro Africa Group and the Nasarawa State government for sugar production.
