Nigeria Calls on Investors to Revolutionise the Sugar Industry and Access Africa’s $7 Billion Market

The Nigerian government, through the National Sugar Development Council (NSDC), is actively seeking both local and international investors to revitalise the nation's sugar industry. This initiative aims to reduce the heavy reliance on sugar imports and tap into Africa's substantial $7 billion sugar market.

Kamar Bakrin, Executive Secretary and CEO of the NSDC, highlighted that Nigeria's annual sugar consumption ranges between 1.4 to 1.6 million metric tonnes, with approximately 96% sourced from imports, predominantly from Brazil. This dependency underscores a significant opportunity for domestic production to meet local demand and explore export potential within Africa.

The NSDC is implementing a Backward Integration Plan (BIP) to bolster local sugar production. This strategy includes policies and incentives designed to support domestic producers and reduce the nation's dependence on imported sugar. A key component of this plan is the community integration model, which mandates that sugar project operators invest in local infrastructure projects—such as schools, clinics, and roads—and allocate managerial roles to local residents. Bakrin emphasized that this approach ensures community stakeholders benefit, and enhancing the industry's security and sustainability.

The NSDC has highlighted 2025 as "the year of acceleration," committing to mobilize necessary funds to support investors in Nigeria's sugar sector. Nigeria's concerted efforts to attract investment and implement strategic initiatives in the sugar industry are poised to transform the sector. These measures aim to reduce import dependency, stimulate local production, and position Nigeria as a key player in Africa's lucrative sugar market.

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