Tag: NSDC

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NSDC, BOI launch ₦10bn fund for sugar projects

The National Sugar Development Council and the Bank of Industry have established a N10 billion Sugar Project Acceleration Fund to support the development of greenfield sugar projects across Nigeria. The fund aims to provide financing and project development support to viable greenfield initiatives. Its primary goal is to accelerate the growth of a sustainable and […]

Agribusiness

NSDC partners four firms to develop high-capacity sugar estates

The National Sugar Development Council has entered agreements with four operators to establish new sugar estates with a combined annual output target of 400,000 metric tonnes. NSDC Executive Secretary, Kamar Bakrin, announced this on Monday in Abuja. Bakrin said the deals are part of the council’s drive to cut Nigeria’s dependence on sugar imports. Under […]