Industry & Money

FG: Sugar Sector Key to Nigeria’s Attainment of $1trn Economy

The Minister of State for Industry, John Owan Enoh, has stressed the sugar sector’s strategic importance in driving President Bola Tinubu’s vision of a $1 trillion economy.

Speaking at the public hearing recently organised by the House of Representatives Committee on Industry as part of the amendment process of the Establishment Act of the National Sugar Development Council (NSDC), the Minister informed the gathering that President Bola Tinubu spoke glowingly about the sector’s potential in a recent meeting of the Federal Executive Council (FEC).

His words: “About two weeks ago, the President spoke about sugar at the Federal Executive Council (FEC) meeting. That in itself is a reflection of the importance of sugar as a product. Sugar is such a strategic industrial and domestic product that no country can afford to joke with, and Nigeria should not.

“The sugar sector has a huge role to play in the president’s commitment to having a 1 trillion-dollar economy. Our attitude towards it must ensure it plays that role adequately in terms of facilitating job creation and development of the rural economy.”

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