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Sugar War: FG aloofness threatening Nigerian Sugar Master Plan

Sugar War: FG aloofness threatening Nigerian Sugar Master Plan
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Deepening Backward Integration in Sugar Sector

Sugar refining equipment under construction at LASUCO
Obinna Chima who this week visited the Lafiagi Sugar Company, a subsidiary of the BUA Group, highlights efforts the company is taking to support the federal government’s National Sugar Master Plan, boost job creation and support economic diversification
Nigeria’s National Sugar Master Plan (NSMP) was designed to attract over $1 billion annually in local and foreign direct investments and create an estimated 107,000 jobs over the first ten-year period.

During a tour of LASUCO
Its aim is to raise local production of sugar to enable the country attain self-sufficiency; stem the tide of unbridled importation; create huge number of job opportunities and to contribute to the production of ethanol and generation of electricity. ....

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BUA Group's $300m sugar refinery in Lafiagi to be completed by Q1 2022 [ARTICLE]

BUA Group says the refinery will create 5,000 jobs for direct staff and indirectly create over 10,000 jobs for ancillary staff. ....

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BUA Group Targets Q1 2022 for Lafiagi Sugar Refinery Completion

BUA Group Targets Q1 2022 for Lafiagi Sugar Refinery Completion
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Dangote, Flour Mills Petition FG, Oppose New Sugar Refinery by BUA

Project lawful, will checkmate arbitrary price hike, create jobs, says Rabiu
The Chairman, Dangote Industries Limited, Alhaji Aliko Dangote, alongside Chairman, Flour Mills of Nigeria Plc, Mr. John Coumantaros, have said the establishment of a new sugar refinery plant in the country poses a threat to the attainment of the National Sugar Master Plan (NSMP) as well as sustainability of the country’s local sugar industry.
They argued that the country currently had enough refining capacity to meet national demand.
In a joint petition to the Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, dated January 28, 2021, the duo protested the recent commissioning of a sugar refinery in Port- Harcourt, Rivers State, which is reportedly owned by BUA International, one of the operators in the sugar industry. ....

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