ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Thursday, January 28, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Nigeria’s raw sugar imports drop to 800,000 tonnes – NSDC

Nigeria’s raw sugar imports drop to 800,000 tonnes – NSDC

byPremium Times
January 16, 2014
2 min read

There is more investment in the Nigerian sugar industry

Nigeria’s raw sugar imports dropped to 800,000  tonnes from 1.4 million tonnes recorded in the first quarter of 2013, an official document states.

The document was obtained by the News Agency of Nigeria from the National Sugar Development Council (NSDC) in Abuja on Thursday.

The document, signed by Latif Busari, the Executive Secretary of NSDC, also states that refined sugar imports dipped from 1.88 per cent in 2012 to 0.67 per cent in 2013.

It adds that local price of sugar fell from N9,000 per 50kg in 2012 to N6,950 in 2013, representing a decrease of 23 per cent.

The document states that total national demand for sugar rose from 1.5 million tonnes in 2012 to two million tonnes in 2013.

It adds that sugar smuggling was virtually non-existent as refinery capacity utilisation rose from 60 per cent to 75 per cent.

The document attributes the successes to the National Sugar Master Plan (NSMP) launched in January 2013.

The NSMP, which has a 10-year implementation period, aims to produce 1.79 million tonnes of sugar; 161.2 million litres of ethanol and 411.7 MW annually.

RelatedNews

Nigeria records 126 new coronavirus cases

Access Bank remains committed to creating value for shareholders- Wigwe

Jigawa APC Crisis: Party chair rejects suspension.

MTN Group CEO resigns

Other deliverables of the plan are 1.6 million tonnes of animal feeds annually, 37,378 permanent jobs and 79,803 seasonal jobs.

In addition, the country expects to save between $350 million and $500 million annually in foreign exchange on sugar imports.

The NSCD document states that so far, the number of sugar project sites in the country has increased from six in 2012 to 17 in 2013.

Dangote adbanner 728x90_2 (1)

The document states that the proposed two billion dollars investment in projects across six states by the Dangote Group will produce between one million tonnes and 1.5 million tonnes of sugar annually.

It further states that  Kenana Technical Services has substantially expanded its Savannah Sugar at Numan, Adamawa, from 6,500 hectares to 21,000 hectares to produce 100,000 tonnes annually by 2018.

“FMNL/GSR through its Adeco Agric Group is to produce 60,000 tonnes of sugar annually from its 13,500 hectares arm in Sunti, Niger State, by 2018.

“Also, HoneyGold Group through its subsidiary, Costas Negocios, is to invest $300 million on two sites in Adamawa State to produce 200,000 tonnes sugar annually,’’ it said.

According to the document, Crystal Sugar Mills has announced plans to invest $30 million in expansion of its operations to produce 60,000 tonnes per annum by 2018.

“Confluence Sugar Company is poised to invest 240 million dollars to produce 200,000 tonnes sugar/annum on about 37,000 hectares at Ibaji in Kogi State,” it said.

ADVERTISEMENT

(NAN)

 

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (1)
premiumtimes



PT Mag Campaign AD

Previous Post

Resignation: Obasanjo bears no grudge against Tukur – Spokesperson

Next Post

Yobe employs 10,000 graduates in 2013 – Governor Gaidam

Premium Times

Premium Times

More News

International Monetary Fund (IMF)

IMF revises down Nigeria’s 2021 growth forecast by 0.2%

January 28, 2021
Cross River governor, Ben Ayade[PHOTO CREDIT:@senatorbenayade]

BREAKING: Cross River Assembly finally confirms Ikpeme as Chief Judge

January 28, 2021
University of Uyo, UNIUYO

COVID-19: Varsity students discard face masks after passing checkpoint on campus

January 28, 2021
Sultan of Sokoto, Sa'ad Abubakar III

Sultan seeks clarification of myths around COVID-19 vaccine

January 28, 2021
China President, Xi Jinping [PHOTO CREDIT: The New York Times]

Chinese authorities now using anal swabs to trace COVID-19 infections

January 28, 2021
TIMELINE: Nigeria's Corovnavirus cases last week

EDITORIAL: The Urgency of Tackling Nigeria’s Second Wave of COVID-19

January 28, 2021
Next Post
Yobe Assembly to enact law mandating HIV test for intending couples- Speaker

Yobe employs 10,000 graduates in 2013 - Governor Gaidam

High Court judge stirs fresh judicial controversy, dares Supreme Court

EDITORIAL: Bode George And Our Supreme Court In Reverse Gear

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad




Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,606,228 other subscribers.

Advertisement






netherland biz school Advert

Zenith Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.