The Federal Government in line with its avowed determination to diversify the nation\u2019s economy through the formulation of favourable policies, provisions of technical support, creation of a business-friendly environment and provision of incentives to attract more investments, today, commissioned a $73 Million infrastructure intervention to drive development and accelerate the growth of the sugar sub-sector.<\/p>\n
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Speaking at the formal commissioning of the sugar infrastructure intervention programme titled, \u201cPresidential Intervention On Irrigation Infrastructure to Accelerate Sugar Backward Integration Programme Projects\u201d, today at the State House, Abuja, President Muhammadu Buhari said the goal of the intervention was to \u201csupport the development of irrigation infrastructure on 10,000 hectares of sugar plantations located at six BIP sites namely; Numan-Adamawa state; Sunti-Niger state; Lafiagi-Kwara state; Bacita-Kwara state; Toto and Tunga-Nasarawa state\u201d.<\/p>\n
President Buhari who was represented at the event by the Hon. Minister of Industry, Trade and Investment, Otunba Niyi Adebayo further stated that the aim of the intervention was to \u201csignificantly improve the country\u2019s performance on cane yields as well as to reduce the negative impacts of COVID-19 on the industry\u2019s progress in achieving self-sufficiency. Consequently, this strategic intervention will enable the country\u2019s leading sugar producers; Dangote, BUA and Flour Mills to expand capacity and capitalize on the import substitution opportunity within the sugar market to further reduce the country\u2019s import bill\u201d.<\/p>\n
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On the importance of the intervention to Nigeria\u2019s economy, Nigerians and investors in the sugar sector, President Buhari noted that \u201cthe implementation structure considered enhancing rural jobs and hence the recommendation that 10% of the total allocation to each BIP operator would be reserved for Sugarcane outgrower farmers within the community. This is strategic, humane and sustainable in the thought process and I am certain that local communities will find this inclusive which is an effective approach to project implementation\u2019, he concluded.<\/p>\n
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In his remarks, the Executive Secretary, National Sugar Development Council (NSDC), Mr. Zacch Adedeji said the intervention was part of government\u2019s determination to provide an enabling environment for private investments to thrive and flourish in the country.<\/p>\n
According to Mr. Adedeji, \u201cpreliminary activities, including identification of the specific project sites for each operator which include framework for design and engineering services for the in-field and bulk water supply systems, project management and maintenance specifications, adoption of a business model and costing, among others have been concluded long before the formal commissioning of this laudable initiative\u201d.<\/p>\n
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Goodwill messages were delivered by strategic stakeholders in the sector, including the Executive Governor of Nasarawa state, Engineer Abdullahi Sule who is also the Chairman, Forum of Sugar Producing States. Governor Sule who said Nigeria has both the human and natural resources to be among leading sugar producing countries in the world, stated that \u201call critical players in the sector must wake up and redouble their efforts. We all have to roll up our sleeves and match our words with concrete actions to enable us achieve our desired objectives in the sector\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Federal Government in line with its avowed determination to diversify the nation\u2019s economy through the formulation of favourable policies, provisions of technical support, creation of a business-friendly environment<\/p>\n","protected":false},"author":0,"featured_media":29138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[81,86,1],"tags":[83,84],"class_list":["post-29220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-highlight","category-uncategorized","tag-featured","tag-portfolio"],"yoast_head":"\n