FG Rallies Farmers to Boost Local Sugar Production, Eyes $2 Billion Market
Nigeria is taking a decisive step to tackle its dependence on imported sugar by urging local farmers and investors to seize the lucrative opportunities within the industry. With the nation’s sugar market valued at over $2 billion and Africa’s demand for sugar projected to skyrocket, the Federal Government is actively supporting initiatives to boost domestic production and reshape the country’s sugar economy.
Kamar Bakrin, the Executive Secretary of the National Sugar Development Council (NSDC), highlighted the significant potential during a recent visit from the All Farmers Association of Nigeria (AFAN). He emphasized that local production is no longer a mere policy goal but a profitable venture, offering strong returns and a ready market. Bakrin also noted that relying on imported sugar is becoming unsustainable due to foreign exchange limitations, making this the perfect time for private sector investment.
To support this vision, the NSDC has secured a land bank of 150,000 hectares for new investors in secure, climate-favorable regions. The council has also created a robust incentive package under the Nigeria Sugar Master Plan II (NSMP II) to minimize risks for participants. This includes access to funding, tax breaks, and import tariff waivers on processing equipment, as well as crucial support like land clearing, technical training, and guaranteed agreements with sugar processors.
The President of AFAN, Dr. Faruk Rabiu Mudi, welcomed the initiative and pledged to mobilize his members to participate more actively in the sugar sector. He recognized that the current local production level is insufficient to meet national demand and agreed that a collective effort is necessary to bridge the deficit. With these strategic moves, Nigeria aims to not only achieve self-sufficiency in sugar production but also to become a regional leader, leveraging the opportunities presented by the African Continental Free Trade Area (AfCFTA).
