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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 the NSDC today is the Master Plan put in place by the agency. The Agency has succeeded in stopping the...

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 consumers, Festus Akanbi was there Recently the Central Bank of Nigeria (CBN) announced that sugar importati...

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 President Muhammadu Buhari, can you tell us about yourself, your career and the journey so far at the N...

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 hinged its reason for selecting the aforementioned sugar manufacturers on the fact that the three c...

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, community hostilities, foreign exchange restrictions and natural disasters as challenges of the sugar s...