Tag: NSDC

Sugar price hits N835,400 per tonne
Business

Sugar sector can generate one million jobs, boost security — NSDC boss

The Executive Secretary of the National Sugar Development Council, Kamar Bakrin, has said a fully developed sugar industry can create up to one million jobs and address Nigeria’s security challenges by generating rural employment for youths. According to a statement made available to The PUNCH on Sunday, Bakrin made the remarks at a strategic meeting […]

Business featured

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 […]