Speaking on the “Challenges of Emerging Sugar Companies in Meeting the Sugar Demand of Nigeria”, at the maiden conference of the Sugarcane Technologies Society of Nigeria , in Abuja, Rabiu in a statement, identified huge capital cost, conflicts in land acquisition insecurity, infrastructure deficit, water and environmental issues, lack of synergy among regulatory agencies and skills deficit as factors which have contributed to the slow implementation of the Backward Integration Plan.
According to Kabiru, “the FG through the NSDC can help by the creation of Sugar Hubs, Sugar sector Intervention Fund, Infrastructure Gap Bridging, direct Land Acquisition, synergy among various Stakeholders and building capacity among the industry regulators”. “This is due to challenges such as the high cost of sugar production, heavy capital investment; that is plantation development, irrigation facilities and mills construction, direct land acquisition by investors, unending conflicts with landowners/communities, security challenges, and lack of infrastructure – roads, electricity, development infrastructure increases the project cost”.
He said the company has made significant progress and that BUA’s LASUCO Company will be the biggest integrated Sugar plantation in Nigeria upon completion in 2020.
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