TRENDING: NIPC to attract more investors into sugar sector

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The Nigerian Investment Promotion Commission has said it will collaborate with the National Sugar Development Council to attract more investors into the sugar sector.

The Acting Executive Secretary, NIPC, Hajiya Ladi Katagum, made this commitment during a meeting between the commission’s management team and that of the NSDC.

According to a statement issued on Sunday by the NIPC, Katagum explained that the commission was also working with relevant government agencies to get adequate information that would enable it attract more investments into key sectors of the economy.

She said as the agency charged with the responsibility of promoting and attracting investments into the economy, the NIPC would do all within its powers to drive the diversification policy of the Federal Government through attracting investors into the non-oil sector of the economy.

The NIPC boss, according to the statement, called on the council to provide the commission with adequate information on the sugar sector and possible projects in order to attract investments.

This, according to her, will enable the Federal Government create more jobs for Nigerians and ensure the growth of the economy.

The Acting Executive Secretary, NSDC, Mr. Samuel Kwambe, stated that the council had identified 10 sites for development of sugar factory in the country.
Out of the 10 sites, he said investors had indicated interest in seven of them.

Kwambe, however, called on the NIPC to source for investors for the remaining three sites in order to develop them for the purpose of creating jobs and providing enough sugar for domestic consumption and export.

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