This is the best time for any desirous investors, local and foreign, to stake investment in sugar production in the country. The Executive Secretary/CEO of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin told potential and willing investors.
A statement issued by the Sugar Council in Abuja said Bakrin stated in Lagos, noting that the existence of a large and growing domestic demand which is put at about 2 million metric tonnes per annum is one of the reasons the business is viable and profitable.
He added that the export market within Africa is vast and wide enough for investors in Nigeria to explore, adding that while the Nigerian sugar market is valued at $2 billion, the export market in Africa is worth $7 billion.
Read more at Newtelegraphng
A statement issued by the Sugar Council in Abuja said Bakrin stated in Lagos, noting that the existence of a large and growing domestic demand which is put at about 2 million metric tonnes per annum is one of the reasons the business is viable and profitable.
He added that the export market within Africa is vast and wide enough for investors in Nigeria to explore, adding that while the Nigerian sugar market is valued at $2 billion, the export market in Africa is worth $7 billion.
Read more at Newtelegraphng