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Aganga upbeat at reaching sugar production targets

24 October 2014, 07:58

Lagos – The Minister of Industry, Trade and Investment, Olusegun Aganga, believes the country is on course to meet its long term sugar production targets.

Speaking at the 2014 Sugar Forum in Lokoja, Kogi State, the minister was confident government had put in place adequate policies to ensure that.

"Under our current programme, we are on track to producing 1,7 million tonnes by year 2020, and to produce more than this afterwards," Aganga said.

Also Read: Pessimism over Nigeria's sugar production targets

The Minister said Nigeria had, among other measures to grow the sector, begun the implementation of over N500 billion private sector investments under the Nigeria Sugar Master Plan.

By implementing a full scale sugar programme, Aganga said, Nigeria could produce more than 5 million metric tonnes of sugarcane.

Current domestic production of is more than 1 million tonnes per year.

“This means that, not only can the country produce enough for local consumption. Our country can in fact become a net exporter into the sub-region and the wider international markets."

- CAJ News


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