By Gloria Ikibah
Major players in Nigeria’s sugar sector have voiced support for revamping the regulatory landscape industry under the National Sugar Masterplan (NSMP), a policy designed to shift Nigeria from heavy sugar imports to domestic production and export.
At a public hearing held at the National Assembly, representatives from the National Sugar Development Council (NSDC), Nigeria Customs Service, NAFDAC, BUA Group, Flour Mills of Nigeria, and consulting firm NINA-JOJER engaged lawmakers over proposed changes to the National Sugar Development Council Act.
The draft amendment titled: “A Bill for an Act to Amend the National Sugar Development Council Act and for Related Matters” (HB.2022 and HB.2030), seeks to redefine the Council’s powers and ensure all funds it collects are remitted to the Federation Account, aligning with constitutional provisions.
The Executive Secretary NSDC, Kamar Bakrin described the sugar plan as a blueprint for long-term economic impact, citing goals such as the creation of 100,000 skilled jobs, rural development, and a projected $1 billion annual cut in foreign exchange outflows.
Bakrin raised concerns over the recent directive mandating that 50% of the sugar levy be remitted to the Consolidated Revenue Fund (CRF), warning that such measures could undermine the sector’s transformation goals.