The upcoming phase of the Nigeria Sugar Master Plan (NSMP) is poised to attract investments totaling $3.5 billion, with an imminent launch, according to Mr. Kamar Bakrin, the Executive Secretary/Chief Executive of the National Sugar Development Council (NSDC).
Bakrin highlighted that this phase will involve investments in approximately 200,000 to 250,000 hectares of viable land, aiming to produce two million metric tons of sugar, generate 400 megawatts of electricity, and create 110,000 job opportunities across the supply chain nationwide.
He noted that this initiative is in line with President Bola Tinubu’s commitment to achieving self-reliance in sugar production, employment generation, and industrial development.
Addressing the Sugar Industry Monitoring Group (SIMOG) in Abuja, Bakrin assessed the outcomes of the initial phase and outlined the strategic implementation plan for Phase II. He stressed the importance of operators fulfilling their commitments and assured the council's dedication to sector development.
Additionally, Bakrin highlighted joint efforts to strengthen communities hosting sugar projects and the implementation of a comprehensive monitoring system to track the progress of NSMP II, with specific goals and milestones established throughout the process.
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