The Federal Government has unveiled the second phase of the Nigeria Sugar Master Plan II (NSMP II), a bold initiative aimed not only at boosting sugar production but also at generating ethanol, electricity, and creating a large number of jobs.
This revitalised strategy is designed to achieve self-reliance in raw sugar production and establish Nigeria as a strong player in the African market. It builds on lessons learned from the initial phase, NSMP I, according to insights from the National Sugar Development Council (NSDC).
While the primary goal of NSMP II is to reach two million metric tonnes of local raw sugar production, the plan strategically encourages new sugar projects to maximise value from sugarcane investments by exploring opportunities beyond just sweeteners, reported The Punch Newspaper.
Key goals include producing 161 million litres of ethanol, and generating 400 megawatts of electricity.
This broader approach is central to the plan’s seven-pillar framework, which focuses on selecting suitable sugar project sites, engaging competent operators, and attracting necessary investments, estimated at $4.5 billion.
The plan also stresses the importance of applied research to enhance cane yield and increase sucrose content. Government support will target essential areas such as seed cane and irrigation.
Reducing production costs to $400 per tonne and creating 110,000 jobs are also among the plan’s key objectives.
Additionally, NSMP II promotes inclusive development in host communities through out-grower schemes and employment opportunities.
The NSDC highlights that the plan’s success relies on effective performance monitoring and a strong policy and regulatory environment. This includes clear benchmarks, routine evaluations, and mechanisms for course correction. Amendments to the NSDC Act are also being considered to enhance investor protection and enforce compliance.
