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The Nigerian Sugar Master Plan: How The Leading Players Have Fared - Food - Nairaland

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The Nigerian Sugar Master Plan: How The Leading Players Have Fared by Codedsamkeys: 11:10am On Apr 15, 2021
Nigeria’s Sugar industry has been in existence since the 1960s although, for years, it could only supply about 2% of the country’s requirement. This is in spite of the comparative and competitive advantage sugar production has in the country. This poor performance stripped the country of virtually all the benefits that could have accrued from the vibrant sector. The impact was more evident in the annual drain on the country’s foreign exchange earnings placed at N101.9 billion as of 2011.

Nigeria was equally losing a great number of employment opportunities for skilled and semi-skilled labour and food insecurity following the dependence on the importation of sugar. In a bid to turn things around, the Federal Government in 2008 directed the National Sugar Development Council (NSDC), to develop a road map for the attainment of self-sufficiency in sugar within the shortest time possible. In compliance, the Council came up with the Nigerian Sugar Master Plan (NSMP) in 2012.
https://thejournalnigeria.com/nigerian-sugar-plan-feud/

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