Sugar Development Council Fund

Background

The Federal Government in furtherance of its policy on Sugar development, instituted the National Sugar Development Council (NSDC) Fund for the establishment and resuscitation of companies engaged in the production of sugar, ethanol and sugar cane. The MOU between BOI and the National Sugar Development Council was signed on November 6, 2009.

The Fund was established to support the development of the value chain through local inclusion to reduce the nation’s dependency on imported refined sugar.

 TARGET MARKET

The Fund will be accessed by Limited Liability Companies and Enterprises engaged in sugar value chain such as Sugar plants, Sugar Refineries

 Projected Impact

  • Job/wealth creation for players in the value chain.
  • Development of other business linkages to the sugar value chain such as power generation.

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