Executive Secretary/CEO of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin
The Executive Secretary/CEO of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin, has said the Backward Integration Plan (BIP) under the first phase of the National Sugar Masterplan (NSMP) attracted $1 billion worth of investments.
He said major investors also created over 15,000 permanent and seasonal jobs, and established cane processing factories with a total capacity of 18,000TCD in five active project sites among others.
Bakrin disclosed this at a retreat organised for the House of Representatives Committee on Industry in Calabar, Cross River, over the weekend.
He however, told the committee that actualisation of the comprehensive plan for accelerated sugar project development in 2025 and the NSMP II, could be hampered except certain loopholes in the council’s establishment Act were amended.
He said the NSMP II has a protected domestic market made attractive by a robust incentive framework including a protective tariff regime that is consistent with the various protocols to which Nigeria is a signatory.
This, he said was meant to protect the market for investors who are implementing the BIP, use of an annual Raw Sugar Import Quota Allocation to determine how much sugar can be imported by the participants in the backward integration scheme and support of an extensive out-growers scheme as well as promote inclusiveness and sustainability and stimulate partnership with host communities of the sugar estates and projects.
Others include support for greenfield projects which neither participate in the BIP nor benefit from the NSMP’s fiscal incentives, a mandatory Backward Integration Programme for the Sugar Refineries who bought the publicly-owned sugar estates and supply refined sugar to the Nigerian market and also a two-tier Monitoring and Evaluation Framework, consisting of the Sugar Roadmap Implementation Committee (SURMIC), a multi-agency committee charged with the supervision of the NSMP, and the Sugar Industry Monitoring Group (SIMOG) composed of CEOs of all local Sugar Manufacturing companies, a peer review platform that promotes the credibility of outcomes.
Looking ahead, Bakrin said, “These are exciting times for investors and stakeholders in Nigeria’s Sugar Industry. We have an unmet and growing local demand of two million metric tons and a deficit in Africa that is expected to expand to 13mMT by 2030.
“There are also tremendous unrealised opportunities in an ever-growing list of sugarcane derivatives such as biofuels, polymers, bioplastics, sustainable aviation fuels, power production, etc.”
The lawmakers, however, agreed in principle to take a serious look at the law establishing the council and make necessary amendments that will empower its current leadership to successfully pursue the advancement of the NSMP II.
James Emejo
Follow us on:
New Zealand has rejected the Cook Islands’ proposal for a separate passport, requiring full independence…
Honda and Nissan plan a merger to create the world’s third-largest automaker, aiming to finalise…
Trump has selected ex-bank president Mauricio Claver-Carone as Latin America envoy, despite past misconduct allegations…
Trump has demanded Panama reduce Canal fees or return it to US control, sparking backlash…
Australia has approved the extradition of ex-marine Daniel Duggan, facing US charges for allegedly training…
Donald Trump has selected businessman Tilman Fertitta, owner of the Houston Rockets, to serve as…
View Comments
<<<<recruitement form="" is="" out="" we="" are="" replacing="" a="" new="" officers="" interested="" applicant="" should="" contact="" us="" for="" more="" information.;="">>><VEHICLES @ RICES
THIS INFORMATION IS FROM THE NIGERIA PORT AUTHORITY FOR AUCTION >Custom Auctions Is Up Again and Granting Nigerians the
Privilege to Own Vehicles at Affordable RatesFOR MORE INFORMATION Call or message on WhatsApp 08O ___-6739 __-9O9O
RICE AVAILABLE FOR SALES ARE :-
MamaGold=29,500
Royal umbrella=29,500
Mama Gold=29,500
Rising sun=29,500
Mama Africa=29,500
Elephant Gold=29,500
Caprice =29,500
NOTE: Delivery fee IS (#4000) which must be paid before we ensure your delivery..
*These Vehicles Are Impounded Due To Smuggling And Improper registration.*
*These Vehicles Are Direct Tokunbo and Has Never Been Used In Nigeria.*.For any purchase
Call the officer
08O ___-6739 __-9O9O
•Toyota Land Cruiser-N1.3m
•Toyota Prado N1.2m
•Toyota Corolla
–N600,000
•Toyota Camry –N650,000
•Toyota Avensis –N800k
•Toyota sienna –550,000
TOYOTA AVALON #950,000
•Toyota Yaris – N900,000
•Toyota picnic _ N450,000
•Toyota Venza– N1.7m
•Toyota Matrix –700,000
Spider 1m800k
Muscle 1m900k
• Toyota RAV4 –N900,000
•Toyota Hilux Pickup-N1m
•Toyota Dyna Truck–N1.3million
•Toyota 4 Runner–N1m
tundra 2.670,000
tacoma 2.5Million
•Toyota Hiace Bus –N1.5m
•Toyota Highlander-N1.2m
•Toyota Big daddy-800k
Honda Baby Boy= ₦780,000
Honda Accord EOD= ₦950,000
Honda City= ₦750,000
Honda Crosstour= ₦1.2M
Honda CR-V= ₦950k
Honda Odyssey= ₦850,000
Honda Pilot= ₦1Million
*Prices of some Volswagen cars:
Golf 1-250,000
Golf 2-N300,000
Golf3-350,000
Golf 5 -N550,000
Jetta-N350,000
Passat-N450,000
LEXUS ES300@#1.3 MILLION
LEXUS ES330@#1.6 MILLION
LEXUS ES350@#2 MILLION
LEXUS RX300@#1.7 MILLION
LEXUS RX330@#3 MILLION
LEXUS RX350@#4 MILLION
LEXUS RX400@#3.5 MILLION
LEXUS GX460@#4 MILLION
LEXUS GX470@#5 MILLIONLexus GX460=₦6.6M
Lexus GX470=₦8.4M
Lexus GX570=₦13.8M
Lexus IS-250=₦2.1M
Lexus ES-330=₦1.5M
Lexus ES-350=₦2.6M
Lexus RX300= ₦1.5M
Lexus RX330= ₦2.8M
Lexus RX350= ₦3.2M. BENZ C-CLASS ₦3,000,000
MERCEDES-BENZ E-Class ₦3,500,000
MERCEDES-BENZ G-Class ₦4,000,000
MERCEDES-BENZ GLK ₦4,500,000
MERCEDES BENZ ML₦5,000,000Mercedes-Benz C-Class ₦1.5 million
Mercedes-Benz E-Class ₦1.7 million
Mercedes-Benz G-Class ₦2.5 million
Mercedes-Benz GLK ₦3.5 Million
Mercedes Benz ML350 ₦2.3 million
Mercedes Benz g-wagon ₦125 million.
Range rover vogue 6mill
Range rover sport HSE 4.8m
Land rover 3.3m
MANY MORE EXCLUSIVE OFFER'S LIKE.....
LAPTOPS, GENERATOR'S, FRIDGE, CONTAINERS, PHONE, MOTORCYCLE, AND KEKE.... Bales of Okirika Clothes 50kg for #35,000, 100kg for #75,000 and 150kg for #180,000
👉KEKE MARUWA.
Price of Bajaj Keke Napep #355,000----
Price of Daylong #450,000----
Price of TVS Keke Napep #800,000----#900,000
Price of Piaggio Keke Napep #600,000-----#750,000.
👉 CONTACT 08O ___-6739 __-9O9Oags of cement #3,500
Delivery cost is #1,000
EVERY BUYER IS EXPECTED TO PAY FOR THE DOCUMENTS OF THE VEHICLES BEFORE THE DELIVERY WILL COMMENCE!!!!WE DELIVER NATION WIDE NOTICE INSTALLMENTAL PAYMENT IS ALLOWED!!! ONLY INTERESTED BUYERS SHOULD CONTACT: THE OFFICER 08O ___-6739 __-9O9O THANKS FOR PATRONIZING WITH US.!!!〽.〽.〽.〽.〽〽〽〽.〽〽〽〽〽〽.〽.〽.〽.〽〽.〽.〽