The collaboration, formalized by a Memorandum of Understanding (MoU) with the Nationwide Sugar Improvement Council (NSDC), will concentrate on collectively creating a large-scale sugarcane cultivation and processing undertaking in Nigeria.
Government Secretary of NSDC, Mr. Kamar Bakrin, disclosed this in an interview with the Information Company of Nigeria (NAN) on Sunday in Abuja.
He famous that the settlement is anticipated to draw investments price as much as $1 billion and represents one of many early outcomes of the Nigeria-China Strategic Partnership championed by President Bola Tinubu.
In line with the Memorandum of Understanding (MoU), SINOMACH will assemble a sugar processing plant and develop a sugarcane plantation with an preliminary annual processing capability of 100,000 metric tonnes, aiming for a long-term goal of 1 million metric tonnes.
Driving meals safety and financial self-reliance
Bakrin described the settlement as a strategic milestone in Nigeria’s pursuit of self-sufficiency in sugar manufacturing. “2025 is a pivotal 12 months for Nigeria, and we should make daring strikes in the direction of meals safety and financial self-sufficiency,” he stated.
He defined that the undertaking is anticipated to create hundreds of jobs, stimulate rural infrastructure growth, preserve international change, and function a mannequin for Nigeria’s broader industrialization efforts.
“This partnership with SINOMACH is exclusive. It combines engineering, procurement, and building (EPC) with growth financing, an important mannequin for agro-industrial transformation,” he added.
NSDC, he stated, will present full help to make sure a easy undertaking takeoff, together with facilitating approvals, land acquisition, and different essential authorizations.
Additionally talking, the Vice President of SINOMACH, Mr. Li Yu, praised Nigeria’s implementation of the Nigeria Sugar Grasp Plan (NSMP), referring to it as a “candy revolution” that aligns with the targets of meals sovereignty and financial dignity.
Financing and future prospects
“We imagine this partnership is not going to solely enhance Nigeria’s sugar self-sufficiency but additionally promote rural growth, create employment, and improve agricultural modernization,” Li stated.
He additionally revealed that SINOMACH is exploring RMB-based financing fashions to fund the undertaking, an method anticipated to scale back financing prices and pace up approval processes in China.
Li expressed optimism in regards to the undertaking’s long-term affect, stating that the chosen host state might finally emerge because the “Sugar Bowl of West Africa.”
What you must know
The Nationwide Sugar Improvement Council (NSDC) was created by Decree 88 of 1993, now often called the Act Cap. No. 78 LFN of 2004 and amended in 2015.
Its core mission is to drive the event of Nigeria’s sugar trade, aiming to attain at the very least 70% self-sufficiency in sugar manufacturing within the shortest doable time. The council additionally envisions positioning Nigeria as a sugar-exporting nation to spice up international change earnings.
NSDC was established to deal with the shortage of efficient planning and coordination within the sugar sub-sector. Earlier than its creation, sugar growth efforts had been poorly managed, hindering the sector’s contribution to Nigeria’s industrial and financial development.
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