NSDC mobilises $1bn investment pipeline for sugar self-sufficiency
The National Sugar Development Council, NSDC, has mobilised a $1 billion investment pipeline to accelerate Nigeria’s drive towards sugar self-sufficiency, even as it strengthens enforcement under the Backward Integration Programme, BIP.0 as an “acceleration mandate” aimed at compressing Nigeria’s path to self-sufficiency, with a target of producing about two million metric tonnes of sugar locally.8 million metric tonnes of sugar annually, with an estimated one billion dollars flowing each year to foreign producers.
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