Oxymoron of Nigeria’s Sugar Policy: Taxing Supply While Promoting Demand

In line with this, the National Sugar Development Council (NSDC) (the main focal agency responsible for the regulation of all activities in the sugar sub-sector ranging from production, marketing, importation and enforcement of relevant industry standards in collaboration with relevant government agencies), crafted a strategic plan known as the Nigeria Sugar Master Plan (NSMP) with the aim of achieving self-sufficiency in sugar production within a decade. The NSMP received approval from the Federal Government in September 2012, and its implementation commenced on January 1, 2013.

The government’s endorsement of the NSMP and its adoption as the guiding framework for sugar sector development underscored its commitment to leveraging agriculture and industrial manufacturing to diversify the nation’s economy and revenue streams. This initiative was poised to create significant employment opportunities for the citizens, marking a pivotal step in the nation’s economic and agricultural transformation.
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