Sugar sector attracted N1.3trn in 10 years

The Executive Secretary, National Sugar Development Council (NSDC), Mr. Zacch Adedeji, says the nation’s sugar sub-sector has in the last 10 years attracted investments worth $3bn (N1.3trn).

Adedeji said through the faithful implementation of the Nigeria Sugar Master Plan (NSMP), the sector has five investors who have signed into the Backward Integration Programme (BIP) component of the master plan.

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Speaking during the signing of a Memorandum of Understanding between Saro Africa Group and the Nasarawa State government for a sugar project to be domiciled in Doma and Nasarawa local government areas of the state.