As the Nigerian Government gets set to commence the implementation of the second phase of the ten-year National Sugar Masterplan, 2023-2033, new investors have indicated interest to invest in the sector.
This was disclosed by the Executive Secretary, National Sugar Development Council, Zacch Adedeji at an interactive session with the Commerce and Industry Correspondents’ Association of Nigeria, CICAN in abuja.
He said Memorandum of Understanding would be signed between the agency and the investors which he named as Nasarawa and Oyo states in the next fourteen days.
The NSDC boss emphasised that the new investors will focus more on the field and agricultural aspect of the Nigerian Sugar Masterplan which according to him is the engine room of the Policy.
The second phase of the National Sugar Master Plan was approved by the Federal Executive Council in September this year.