BUSI­NESS FG re­news sugar dev’t pact with Dan­gote, Bua Lo­cal air­lines can do bet­ter – NCAA DG

Daily Trust - - NEWS - By Fran­cis Arinze Iloani

The Fed­eral Gov­ern­ment has signed a five-year pact with Dan­gote Sugar, BUA Sugar and Golden Sugar for the sec­ond phase of the Back­ward In­te­gra­tion Plan (BIP) for the sugar in­dus­try.

At the sign­ing cer­e­mony held in Abuja yes­ter­day, the Ex­ec­u­tive Sec­re­tary of the Na­tional Sugar De­vel­op­ment Coun­cil (NSDC), Dr. Latif Busari, said the sec­ond phase of the BIP im­ple­men­ta­tion would run from 2018 to 2023.

Busari said within the im­ple­men­ta­tion pe­riod, the three BIP par­tic­i­pants would de­velop eight new sites; Dan­gote Sugar three, BUA two and Golden Sugar three.

The pro­ject sites are ex­pected to cover 187,000 hectares with 137,070 hectares for sug­ar­cane and 25, 850 hectares for out­grower farms.

The NSDC boss said the three com­pa­nies are ex­pected to pro­duce 1.56 met­ric tonnes of sugar and cre­ate 65, 805 jobs.

The BIP par­tic­i­pants signed on to the com­mit­ments in ex­change for sugar im­port quo­tas over the pe­riod, but the quo­tas are ex­pected to di­min­ish over the years as the coun­try at­tains self­suf­fi­ciency.

The Min­is­ter of In­dus­try, Trade and In­vest­ment, Okechukwu Enelamah, pledged to work with the BIP par­tic­i­pants in the process of the im­ple­men­ta­tion.

He said de­spite the low per­for­mance of the BIP par­tic­i­pants at the first half of the im­ple­men­ta­tion of the plan, the Fed­eral Gov­ern­ment was op­ti­mistic that the com­pa­nies would per­form bet­ter in the sec­ond half.

“We are much fo­cused to en­sure that it is eas­ier for peo­ple to do busi­ness in Nige­ria,” he said.

Speak­ing on be­half of the BIP par­tic­i­pants, the Man­ag­ing Di­rec­tor of the Dan­gote Sugar, Ab­dul­lahi Sule, ex­pressed their com­mit­ted to the im­ple­men­ta­tion of the pact.

Sule called on the gov­ern­ment to part­ner with the com­pa­nies to mit­i­gate chal­lenges that they are likely to en­counter, in­clud­ing com­mu­nity re­sis­tance and en­vi­ron­men­tal is­sues. FLIGHT

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