Reforms laid the foundation for Nigeria’s sugar self-sufficiency, says NSDC chief

Kamar Bakrin, executive secretary and CEO of the National Sugar Development Council (NSDC), said President Bola Ahmed Tinubu’s macroeconomic reforms have made local sugar production more attractive. Speaking at the 32nd Nigerian Economic Summit, he said economic stability must now translate into growth that benefits ordinary Nigerians. Nigeria Sugar Master Plan 2.0 targets self-sufficiency, which could save about $1 billion in foreign exchange annually and create around 110,000 direct jobs, mostly in rural communities. Bakrin also pointed to wider benefits from sugar estates, including roads, schools, clinics and electricity generated from bagasse.