Despite Federal Government’s warning over distortion in National Sugar Master Plan (NSMP), importers have ordered 1.93 million tonnes of sugar valued at N527 billion ($925.05 million) for 2022.
The NSMP, which started in 2013, is a 10-year roadmap designed for the sector to enable the country attain self-sufficiency in sugar production, create jobs and generate electricity, among other objectives.
But nine years after, the programme has not achieved its primary objective as findings by New Telegraph revealed that local production stood at 75,000 metric tonne as at 2021 instead of 1.7 million tonnes envisaged under government’s Backward Integration Programme (BIP), leading to a deficit of 93.3 per cent or 1.62 million tonnes…
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