New Strategy to Expand Sugar Industry
Nigeria is taking steps to strengthen its sugar sector through a strategic partnership with China. The Nigeria-China Strategic Partnership (NCSP) has begun discussions with the National Sugar Development Council (NSDC) to explore collaboration opportunities. This initiative aims to increase production, meet local demand, and expand exports.
China’s Role in the Global Sugar Market
Joseph Tegbe, Director General of NCSP, welcomed the NSDC delegation, led by Executive Secretary Kamar Bakrin. He highlighted the untapped potential in Nigeria’s sugar industry and emphasized the importance of leveraging China’s expertise.
As a key player in the global sugar trade, China imports 5 million metric tonnes annually, valued at $10 billion. It also produces 10.5 million metric tonnes domestically. Nigeria’s local sugar market, worth $2 billion, stands to gain from this partnership by adopting modern technology and better production strategies.
Key Areas of Collaboration
Both parties focused on technology transfer, farmer training, and financial support. They also explored ways to boost efficiency and improve Nigeria’s global market position.
Tegbe noted that this agreement aligns with the Nigeria-China strategic alliance. With China’s technical expertise and industry experience, Nigeria’s sugar industry can achieve long-term growth and competitiveness.
Driving Economic Growth
This initiative supports the Nigeria Sugar Master Plan (NSMP) and is a crucial part of President Bola Ahmed Tinubu’s Renewed Hope agenda. The goal is to drive industrial expansion and economic stability.
“As Nigeria pushes for increased sugar output, this partnership will serve as a major game-changer,” Tegbe stated. “With China’s support and innovation, the industry can grow rapidly and strengthen Nigeria’s position in the global market.”
By deepening economic ties with China, Nigeria is positioning itself for a more competitive and sustainable sugar industry.
