• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

Nigerian Governors prioritise sugar to boost industrial growth

NGF and NSDC collaborate to drive investment and self-sufficiency in sugar production

Peculiar Adirika by Peculiar Adirika
February 2, 2026
in Business, News
0 0
0
Governors

Nigeria Governors’ Forum prioritises sugar projects to boost industrial growth, create jobs, and support local production across 11 states

The Nigeria Governors’ Forum has agreed to prioritise sugar as a key driver of industrial development across states, following proposals presented by the National Sugar Development Council.

Also read: Cardiologist warns sugary drinks raise heart disease risk

The decision positions sugar projects as priority beneficiaries in engagements with development partners both within Nigeria and internationally, aiming to halt raw sugar imports, generate employment, and achieve national self-sufficiency.

Executive Secretary and CEO of NSDC, Mr Kamar Bakrin, urged governors in viable sugarcane cultivation states to embrace project development, highlighting 11 states with suitable land for large-scale production: Oyo, Kwara, Niger, Nasarawa, Kaduna, Kano, Bauchi, Gombe, Jigawa, Adamawa, and Taraba.

Mr Bakrin noted that macroeconomic developments have enhanced the competitiveness of domestic sugar.

perfect aesthetic dental clinic perfect aesthetic dental clinic perfect aesthetic dental clinic

While global sugar prices remain stable in dollars, exchange rate movements have increased import costs, making locally produced sugar commercially attractive.

He emphasised that Nigeria has strong operational fundamentals, with approximately 1.2 million hectares suitable for cultivation, far above the 200,000 hectares needed to achieve self-sufficiency.

He outlined the economic potential of the sector, noting that Nigeria’s sugar industry is now valued at $2bn, potentially reaching $7bn across Africa under the African Continental Free Trade Agreement.

By-products alone, including ethanol and bio-electricity, could generate up to $10bn domestically.

Highlighting community impact, Mr Bakrin stressed that sugar projects integrate local communities as partners and workers, supporting inclusive rural development and environmental sustainability.

He cited a model project producing 100,000 metric tons annually, requiring $250m investment and delivering a 24 per cent internal rate of return.

Director-General of the NGF, Dr Abdulateef Shittu, noted that many state governments are already involved or seeking participation in sugar projects spanning land development, agro-industrial initiatives, and agricultural schemes.

He called for strong coordination between federal policy and state priorities to unlock these opportunities.

Also read: Dangote Sugar turnover leads top 10 consumer goods firms

Dr Shittu pledged that the NGF secretariat will support states in focusing on sugar projects to drive rural development, job creation, and industrial growth.

Peculiar Adirika
Peculiar Adirika

Related Posts

House20of20reps 0
General

‘Certificate forgery’ APC suffers heavy blow as tribunal sacks federal lawmaker

by Rtn. Victor Ojelabi
September 24, 2020
Seyi Makinde 1
Crime

‘We can face them’ Amotekun ready to deal with Fulani warlord, Makinde’s aide says

by Freelanews
February 12, 2021
Kaduna
News

Kaduna earns excellent ranking as Nigeria’s third-best state

by Victory Emmanuel
June 1, 2026
Equity Market begins week with N8bn loss
Business

Equity Market begins week with N8bn loss

by Quadri Olaitan
July 9, 2024
Untitled 1
General

‘As election knocks…’ Obaseki showcases newly built modular refinery at 70% completion

by Freelanews
August 1, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Recent News

NSCDC

NSCDC arrests fake soldier over PoS fraud in Kwara

June 8, 2026
WAEC

WAEC warns against illegal WASSCE extortion

June 8, 2026
Shettima

Shettima hails Lagos as Africa’s economic powerhouse

June 8, 2026
Lagos

Lagos police dismiss school attack threat, boost security

June 8, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
NSCDC

NSCDC arrests fake soldier over PoS fraud in Kwara

June 8, 2026
WAEC

WAEC warns against illegal WASSCE extortion

June 8, 2026
Shettima

Shettima hails Lagos as Africa’s economic powerhouse

June 8, 2026
Lagos

Lagos police dismiss school attack threat, boost security

June 8, 2026
June 2026
SMTWTFS
 123456
78910111213
14151617181920
21222324252627
282930 
« May    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Rachael Alamu

    Abducted principal Rachael Alamu denies ransom, Sharia claims in captivity case

    0 shares
    Share 0 Tweet 0
  • FG approves payment for 1,240 contractors below N100m

    0 shares
    Share 0 Tweet 0
  • Iyabo Obasanjo dumps APC over alleged disrespect

    0 shares
    Share 0 Tweet 0
  • Former Ogun Governor’s aide Abidemi Rufai released early from US prison

    0 shares
    Share 0 Tweet 0

Just Published!

NSCDC

NSCDC arrests fake soldier over PoS fraud in Kwara

June 8, 2026
WAEC

WAEC warns against illegal WASSCE extortion

June 8, 2026
Shettima

Shettima hails Lagos as Africa’s economic powerhouse

June 8, 2026
Lagos

Lagos police dismiss school attack threat, boost security

June 8, 2026
APC

APC picks Damilola Sonayan-James as Hamzat’s running mate

June 8, 2026
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.