The Punch
Federal Government launches $7.1bn 10-year plan to boost domestic sugar production
The Federal Government launched a 10-year, $7.1 billion investment program aimed at increasing Nigeria's annual sugar output and reducing the country's reliance on imports.
The initiative aims to increase yearly sugar production beyond two million metric tonnes while saving $2.1bn in foreign exchange annually. The project is also expected to create 110,000 new jobs for Nigerians.
Brief written with AI from reporting by The Punch. All rights to the original story belong to the publisher.