Nigeria targets $350m yearly, 110,000 jobs from enhanced sugar

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 94%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

The Federal Executive Council (FEC), yesterday, approved the second phase of the National Sugar masterplan, a 10-year plan to save $350

million yearly and create 110,000 jobs.

The minister disclosed that Dangote, BUA, Golden Sugar Mills and key stakeholders are owning roughly 200,000 hectares of sugarcane plantation in the country. “The plan has several policy measures or fiscal incentives to stimulate demand and attract private sector investment in the sugar industry. Part of the benefits of the sugar master plan is the local production of sugar.

FEC also approved N580.50 million for the purchase of four armoured vehicles for the National Drug Law Enforcement Agency .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The south west will regain its self determination.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LSPR Nigeria to start it’s training 24 September 2022After months of planning, London School of Public Relations Nigeria (LSPR Nigeria) is pleased to announce that it is starting its classes.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

NNPC, others to raise local gas use to 5m tons in 3 yearsNigeria, pushing through the Nigeria National Petroleum Company Limited (NNPC Ltd) and other players, aims to take the annual utilization of Liquefied Petroleum Gas (LPG) to over 3 million metric tons within five years, rising from the 1.7m MT recorded…
Source: Daily Trust - 🏆 13. / 51 Read more »

Nigeria’s Journey into beneficial ownership disclosures - Part 2 | The Guardian Nigeria News - Nigeria and World NewsHowever, stringent measures are taken to protect legitimate rights, liberty and freedom of the asset owners in managing the disclosures and use of the information.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Kogi APC chieftain donates N10m to flood victimsThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »

Two feared killed as Lagos RTEAN members clash - Punch NewspapersThe most widely read newspaper in Nigeria Tifnubus Agberos should be classed terrorist organization.
Source: MobilePunch - 🏆 8. / 63 Read more »