The Executive Secretary/CEO of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin, has stated that the amendment of the Council’s Act will accelerate Nigeria’s sugar infrastructure development.
He stated this over the weekend while sharing the Council’s comprehensive plan for accelerated sugar project development in 2025 with the House of Representatives Committee on Industry in Calabar, a statement by NSDC has said.
Delivering his keynote address at the retreat organised for the Committee members in Calabar, Cross River state at the weekend, Mr Bakrin said before the 2025 plans and the Nigeria Sugar Master Plan (NSMP) II can be achieved, certain loopholes in the establishment law must be addressed.
“Our key priorities for 2025 are to accelerate the pace of project development; and facilitate investment of $5bn into the Sector; and also ensure our priority greenfield projects are ready for investment; which will strengthen NSDC’s capacity to develop the sector.
- NIGERIA DAILY: What To Expect From President Tinubu’s Independence Day Speech
- FG’s earning from crude oil sales drops by 79% in 2023
“We have set out the initiatives to be executed in 2025 that will drive the realisation of these objectives especiallyin the aspect of buildingsolid infrastructure. One of these key initiatives is the amendment of the NSDC Act to address loopholes created by conflicting policies and codify its market protection provisions,” he said
Also speaking, the Committee Chairman, Hon. Dolapo Enitan Badru, underscored the relevance of infrastructure in accelerating growth in the sector while expressing the commitment of the Committee to the institutional steps that must be taken to achieve the Council’s 2025 sugar project development plan.
Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.