Page 4 - Backward Integration Programme News Today

Folalumi Alaran in Abuja The National Sugar Development Council (NSDC) has been presented the International Standard Organisation (ISO) 900:2015 Certificate of Quality Management System by the The Standards Organisation of Nigeria (SON). The Director-General of SON, Mallam Farouk Salim, at the presentation ceremony, urged the awardee to adhere to the standards so approved. While congratulating the council, he said the award sets NSDC at par with a privileged class of quality management system c...

Mr Zacch Adedeji, Executive Secretary of the National Sugar Development Council (NSDC) By Mon Jul 26 2021 Mr Zacch Adedeji is the Executive Secretary of the National Sugar Development Council (NSDC). In this interview, he said the target of Nigeria’s Sugar Master Plan is to end sugar importation and earn Foreign Exchange (forex) with sugar exports through Backward Integration Programme (BIP).   What is your assessment of the sugar industry in Nigeria? One of the greatest assets we have at th...

Following misconceptions over the Central Bank of Nigeria (CBN’s) selection of Dangote Sugar Refinery, BUA Sugar Refinery, and Golden Sugar Company, owned by Flour Mills of Nigeria Plc as the sole importers of sugar in the country, the Executive Secretary, National Sugar Development Council (NSDC), Mr. Zacch Adedeji last week spoke with a select team of journalists to clarify the CBN’s decision, which he said is also in the interest of smaller Sugar companies and the Nigerian consumer...

Share The Executive Secretary, National Sugar Development Council (NSDC) and former Commissioner for Finance in Oyo State, Mr Zacch Adedeji, speaks to journalists on the restriction of sugar importation permit to three big players in the industry, his vision for NSDC, effort being made at addressing constraints to the realisation of self-sufficiency in local sugar production, among others.   You were recently appointed Executive Secretary of the National Sugar Development Council (NSDC) by Pre...

Obinna Chima The Central Bank of Nigeria (CBN) yesterday stated that sugar importation in the country can only be done by Dangote Sugar Refinery Plc, Golden Sugar Company, owned by Flour Mills of Nigeria Plc and BUA Sugar Refinery Limited. The central bank disclosed this in a circular dated July 16, titled: “Sugar Importation in Nigeria,” signed by the Director, Trade and Exchange Department, CBN, Dr. Ozoemena Nnaji, a copy of which was posted on the regulator’s website yesterday. The CBN...

He said the importation of raw sugar and the fluctuation in foreign exchange are partly responsible for changes in prices of refined sugar. He said the Backward Integration Programme (BIP) of the Nigeria Sugar Master Plan would address the raw sugar importation issue over time. He expressed satisfaction with the players in the BIP, adding that within the last seven years of the implementation of the BIP, Nigeria has achieved over 3m metric tonnes of refining capacity. He listed land access, com...

FLOUR Mills of Nigeria, FMN, weekend, called on state governments to do all they could to ensure adequate protection of its investments from all forms of insecurity, in order to ensure increased investments nationwide.

Views: Visits 7 …reiterates commitment to National Sugar Master Plan By Johnbosco Agbakwuru FLOUR Mills of Nigeria, FMN, weekend, called on state governments to do all they could to ensure adequate protection of its investments from all forms of insecurity, in order to ensure increased investments nationwide. Already, the Flour Mills Nigeria said it is investing over $300 million in the establishment of a sugar manufacturing company in Nasarawa state to stimulate economi...

The Nasarawa State Government and Flour Mills of Nigeria have signed a Memorandum of Understanding (MoU) for a $300million investment in sugar production. Under the MoU, the state leased 20,450 hectares of land to Flour Mills of Nigeria for 50 years, during which the company is expected to ramp up the Backward Integration Plan (BIP) […]

According to the National Bureau of Statistics (NBS), Nigeria’s unemployment figure currently stands at 33.3 per cent making her the highest on a global list of countries. Without mincing words, this is indeed a very depressing, disturbing and an alarming piece of information that should bother any discerning mind and whoever is interested in the […]