Tridge summary
The article outlines the efforts of Nigeria's Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, to achieve self-sufficiency in sugar production in Nigeria. The strategy involves the implementation of the National Sugar Master Plan (NSMP) and the Backward Integration Program (BIP), which aim to increase domestic sugar manufacturing to meet the country's demand, create jobs, and reduce importation. The plan also has goals to produce ethanol and electricity, and save foreign exchange. Despite challenges such as high sugar cane production costs and difficulties in land possession, the initiative has attracted significant private sector investment, creating over 15,000 jobs. The ministry remains committed to its goals and encourages Nigerians to support the initiative.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Dike Onwuamaeze enumerates efforts put in place by the Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, to enable Nigeria to attain self-sufficiency in sugar production by growing the required local capacity to meet the demand for sugar, create large number of jobs for Nigerians and stem the tide of unbridled importation of sugar and its by-products. The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, probably had one goal in mind when he switched on the microphone to address a State House press conference on March 17, 2022. The goal was to give Nigeria's account on its quest to attain self-sufficiency in sugar production, which is still a journey in progress, through the implementation of the country's National Sugar Master Plan (NSMP) and the Backward Integration Program (BIP) that it birthed. The plan is a tool in the hand of the federal government to accelerate domestic manufacturing of sugar to meet the country's food requirements and provide raw ...
Source: All Africa
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