{"id":1771,"date":"2026-02-01T15:03:27","date_gmt":"2026-02-01T15:03:27","guid":{"rendered":"https:\/\/news.infotekps.com\/index.php\/2026\/02\/01\/governors-forum-to-prioritise-sugar-projects-for-industrial-growth-in-states\/"},"modified":"2026-02-01T15:03:27","modified_gmt":"2026-02-01T15:03:27","slug":"governors-forum-to-prioritise-sugar-projects-for-industrial-growth-in-states","status":"publish","type":"post","link":"https:\/\/news.infotekps.com\/index.php\/2026\/02\/01\/governors-forum-to-prioritise-sugar-projects-for-industrial-growth-in-states\/","title":{"rendered":"Governors\u2019 Forum to prioritise sugar projects for industrial growth in states"},"content":{"rendered":"
\"Governors\u2019<\/p>\n

The Nigeria Governors\u2019 Forum (NGF) has agreed to prioritise sugar as a key product for accelerating industrial development across states of the federation.<\/p>\n

The Executive Secretary\/Chief Executive Officer of the NSDC, Mr Kamar Bakrin, said this in a statement on Sunday in Abuja.<\/p>\n

Bakrin said this decision followed a request by the NSDC as part of efforts to develop the sector, halt the importation of raw sugar, create jobs and achieve national self-sufficiency in sugar production.<\/p>\n

\u201cUnder the arrangement, the NGF secretariat will also include sugar projects as priority beneficiaries in its engagements with development partners.<\/p>\n

\u201cThis will be done within and outside the country, while partnering with the NSDC to support states in preparing and positioning investor-ready sugar projects.<\/p>\n

\u201cThe partnership will focus on facilitating structured engagement between state governments, investors and industry operators.<\/p>\n

\u201d It will also focus on improving coordination around critical enablers such as land access, infrastructure provision and incentive frameworks,\u201d he said<\/p>\n

Bakrin, during a meeting with NGF leadership, highlighted the vast investment opportunities in the sugar sector and urged governors of sugarcane-viable states to embrace the development of sugar projects.<\/p>\n

He identified 11 states with proven suitable land for profitable sugar production: Oyo, Kwara, Niger, Nasarawa, Kaduna, Kano, Bauchi, Gombe, Jigawa, Adamawa, and Taraba.<\/p>\n

The executive secretary said that recent macroeconomic developments had improved the competitiveness and profitability of local sugar production.<\/p>\n

He said that while global sugar prices had remained relatively stable in dollar terms, exchange rate movements had made imports significantly more expensive.<\/p>\n

\u201cExchange rate movements have made imports significantly more expensive, thereby enhancing the commercial viability of domestically produced sugar, whose inputs are largely naira-denominated,\u201d Bakrin said.<\/p>\n

He said Nigeria now had strong operational fundamentals for sugar production, with assessments identifying about 1.2 million hectares of prime land suitable for large-scale sugarcane cultivation nationwide.<\/p>\n

He, however, acknowledged that only about 200,000 hectares were required to achieve self-sufficiency.<\/p>\n

\u201cThe availability of suitable land, water resources, labour and policy incentives positions Nigeria favourably for large-scale sugar investments,\u201d he said.<\/p>\n

According to Bakrin, the Nigerian sugar sector is currently valued at about $ 2 billion.<\/p>\n

He said that with the African Continental Free Trade Agreement (AfCFTA), the continental market was estimated at seven billion dollars, while the market for sugar by-products alone was worth about 10 billion dollars in Nigeria.<\/p>\n

He emphasised that sugar projects promoted inclusive development, noting that the industry integrated host communities into the value chain through outgrower schemes and employment opportunities, while supporting environmental sustainability.<\/p>\n

According to him, a model sugar project producing 100,000 metric tonnes annually requires an estimated investment of about 250 million dollars.<\/p>\n

He said it also delivered an Internal Rate of Return of about 24 per cent, in addition to generating valuable by-products such as ethanol and bio-electricity.<\/p>\n

The NGF Director-General, Dr Abdulateef Shittu, said many state governments were already engaged or keen to engage in sugar-related investments covering land development, agricultural schemes and agro-industrial initiatives.<\/p>\n

Shittu said unlocking the opportunities would require effective coordination, credible investment frameworks and strong alignment between federal policy objectives and state-level development priorities.<\/p>\n

He pledged the NGF secretariat\u2019s commitment to ensuring that state development priorities increasingly focus on sugar project investments, given their potential for rural development and job creation.<\/p>\n

Vanguard News<\/a><\/p>\n

The post Governors\u2019 Forum to prioritise sugar projects for industrial growth in states<\/a> appeared first on Vanguard News<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Nigeria Governors\u2019 Forum (NGF) has agreed to prioritise sugar as a key product for accelerating industrial development across states … <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2026\/02\/fgg.webp","fifu_image_alt":"","footnotes":""},"categories":[22],"tags":[19],"class_list":["post-1771","post","type-post","status-publish","format-standard","hentry","category-african-news","tag-general-africa-top-news"],"yoast_head":"\nGovernors\u2019 Forum to prioritise sugar projects for industrial growth in states - Your Daily News Dose of the World\u2019s Hottest Headlines<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.infotekps.com\/index.php\/2026\/02\/01\/governors-forum-to-prioritise-sugar-projects-for-industrial-growth-in-states\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Governors\u2019 Forum to prioritise sugar projects for industrial growth in states - 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