Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, has said that the Bacita Sugar Company, the first Nigerian sugar manufacturer, would start production again in 2023.
Adebayo while Speaking at the official commissioning of the Nigeria Sugar Institute at Jimba-Oja in Ifelodun Local Government Area of Kwara State said the commitment of the Federal Government to partner with private investors in sugar industry would accelerate industrialisation and hasten the economic growth of the country.
The Minister said that investment already made by the Federal Government and the private sector in sugar industry was capable of creating over 100,000 jobs in agriculture and manufacturing sectors.
Adebayo said, “This commissioning is a landmark achievement and a testament to what public private partnership can achieve.
“The sugar industry holds a special place in Nigeria’s industrialisation struggle. It carries the expectation of creating over a 100,000 jobs. The NSI is one of the key instruments for its sustainability.”
The Minister, who commended the Kwara State government and other stakeholders in the partnership for the support given to the ministry in actualising the project pledged to meet expectations of the country in sugar development through sugar master plan.
In his speech, Kwara State Governor, Abdulrahman Abdulrazaq pledged continued provision of conducive environment for industrial growth.
Also speaking, the Executive Secretary of the Nigeria Sugar Institute, Dr Latif Busari, said one of the major objectives of the institute was to develop human resources to enhance efficiency and effectiveness of the Nigeria sugarcane industry.