The NSMP was introduced by the Federal Government in 2012 as a framework to aid the implementation of a 10-year master plan to revamp the sugar sector.
The indigenous firms, BUA Foods Plc, Dangote Sugar (DSR) and Flour Mills of Nigeria (FMN) which are all important stakeholders in the sugar processing industry in Nigeria led the investment rounds.
To achieve this record, there was a projection that Nigeria would have to establish about 28 sugar factories and initiate the cultivation of sugar on about 250,000 hectares of land within the next 10 years.
