The Nigerian Sugar Master Plan (NSMP) is reportedly back on track after nearly 12 years of stagnation.
Initially established in 2012 by the National Sugar Development Council (NSDC), the plan aimed to boost local sugar production and enhance the entire value chain for self-sufficiency. However, it has faced significant challenges, particularly in backward integration.
In a recent press briefing held in Lagos, Kamar Bakrin, Executive Secretary and CEO of the NSDC, announced that a revitalized management team has breathed new life into the NSMP.
Bakrin stated that since taking office a year ago, he and his team have revised the plan, which serves as the core framework for the NSDC's operations.
Under the new implementation strategy, a comprehensive development plan requiring approximately $5 billion in funding has been initiated.
The NSDC is also working to revamp the Nigeria Sugar Institute to enhance manpower development and research capabilities, aiming to make the industry globally competitive.
Bakrin emphasized that the Council has strengthened its project monitoring functions to ensure compliance among industry operators, leading to sanctions for those who previously flouted federal directives regarding incentive conditions.
The revised NSMP outlines seven strategic pillars designed to achieve self-sufficiency in sugar production and position Nigeria as a competitive producer and cost leader in Africa.
Bakrin declared 2025 as the year of "accelerated development," focusing on four key agendas: fast-tracking project development, facilitating the $5 billion investment, preparing priority greenfield projects for investment readiness, and enhancing the NSDC's capacity.
Key projects slated for 2025 include launching a Commercial Farming and Outgrowers Program to boost sugarcane production, establishing the Nigeria Sugar Industry Development Fund, implementing a Seed Production Program, promoting local and international investments, and providing targeted interventions to mitigate risks associated with greenfield projects.
