Newscoven
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Yoruba Heritage Forum Salutes Adebutu For Rekindling Yoruba Harmony

    Yoruba Heritage Forum Salutes Adebutu For Rekindling Yoruba Harmony

    Oyo State Government Denies Viral Entertainment Tax

    Oyo State Government Disowns Entertainment Tax Post

    Ayefele: Ajimobi Gave Fresh FM Global Recognition •Tasks NBC On Proliferation Of Radio Stations

    Ayefele: Ajimobi Gave Fresh FM Global Recognition •Tasks NBC On Proliferation Of Radio Stations

    Makinde Is A Servant Leader -Akinwande, Former CCII President General

    Makinde Is A Servant Leader -Akinwande, Former CCII President General

    Forum Of Ex- LG Chairmen, Vice Chairmen Affirms Allegiance To Makinde, PDP

    Forum Of Oke-Ogun Ex-LG Chairmen, Vice Chairmen Affirms Allegiance To Makinde, PDP

    I Feel Much Loved -Sanusi •Urges Conversion Of Love To Power With Their PVCs

    I Feel Much Loved -Sanusi •Urges Conversion Of Love To Power With Their PVCs

    APC Will Restore Dignity Of Anambra Traditional Institution -Ekwunife •Welcomes PDP Defectors

    APC Will Restore Dignity Of Anambra Traditional Institution -Ekwunife •Welcomes PDP Defectors

  • Entertainment
    Zahra Buhari-Indimi Lights Up Abuja With Barcelona, African Legends Charity Match

    Zahra Buhari-Indimi Hosts Barcelona, African Legends Charity Match In Abuja Saturday

    Asiwaju Fasuyi: How Government Can Use Music to Help Nigerians

    Asiwaju Fasuyi: How Government Can Use Music to Help Nigerians

    Alebiosu, Tribune Deputy Editor, Ex-Oyo SWAN Chairman, Bags Veteran Sports Journalist Award

    Alebiosu, Tribune Deputy Editor, Ex-Oyo SWAN Chairman, Bags Veteran Sports Journalist Award

    I'm Out To Fulfill My Dad’s Heart Desire •Ariya Eko Independence Music Festival, Epoch-Making Event -Bimbo Esho

    Bimbo Esho: I’m Out To Fulfill My Dad’s Heart Desire •Ariya Eko 2025, Epoch-Making Event

    Ariya Eko Independence Music Festival: Day Of Honour For Music Legends

    Ariya Eko Independence Music Festival: Day Of Honour For Music Legends

    Globacom-Sponsored African Voices Captures Tems’ Story Of Passion, Purpose

    Globacom-Sponsored African Voices Captures Tems’ Story Of Passion, Purpose

    World Cup 2026: FIFA Sanctions SAFA •Deducts 3 Points

    World Cup 2026: FIFA Sanctions SAFA •Deducts 3 Points

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
Monday, October 27, 2025
No Result
View All Result
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Yoruba Heritage Forum Salutes Adebutu For Rekindling Yoruba Harmony

    Yoruba Heritage Forum Salutes Adebutu For Rekindling Yoruba Harmony

    Oyo State Government Denies Viral Entertainment Tax

    Oyo State Government Disowns Entertainment Tax Post

    Ayefele: Ajimobi Gave Fresh FM Global Recognition •Tasks NBC On Proliferation Of Radio Stations

    Ayefele: Ajimobi Gave Fresh FM Global Recognition •Tasks NBC On Proliferation Of Radio Stations

    Makinde Is A Servant Leader -Akinwande, Former CCII President General

    Makinde Is A Servant Leader -Akinwande, Former CCII President General

    Forum Of Ex- LG Chairmen, Vice Chairmen Affirms Allegiance To Makinde, PDP

    Forum Of Oke-Ogun Ex-LG Chairmen, Vice Chairmen Affirms Allegiance To Makinde, PDP

    I Feel Much Loved -Sanusi •Urges Conversion Of Love To Power With Their PVCs

    I Feel Much Loved -Sanusi •Urges Conversion Of Love To Power With Their PVCs

    APC Will Restore Dignity Of Anambra Traditional Institution -Ekwunife •Welcomes PDP Defectors

    APC Will Restore Dignity Of Anambra Traditional Institution -Ekwunife •Welcomes PDP Defectors

  • Entertainment
    Zahra Buhari-Indimi Lights Up Abuja With Barcelona, African Legends Charity Match

    Zahra Buhari-Indimi Hosts Barcelona, African Legends Charity Match In Abuja Saturday

    Asiwaju Fasuyi: How Government Can Use Music to Help Nigerians

    Asiwaju Fasuyi: How Government Can Use Music to Help Nigerians

    Alebiosu, Tribune Deputy Editor, Ex-Oyo SWAN Chairman, Bags Veteran Sports Journalist Award

    Alebiosu, Tribune Deputy Editor, Ex-Oyo SWAN Chairman, Bags Veteran Sports Journalist Award

    I'm Out To Fulfill My Dad’s Heart Desire •Ariya Eko Independence Music Festival, Epoch-Making Event -Bimbo Esho

    Bimbo Esho: I’m Out To Fulfill My Dad’s Heart Desire •Ariya Eko 2025, Epoch-Making Event

    Ariya Eko Independence Music Festival: Day Of Honour For Music Legends

    Ariya Eko Independence Music Festival: Day Of Honour For Music Legends

    Globacom-Sponsored African Voices Captures Tems’ Story Of Passion, Purpose

    Globacom-Sponsored African Voices Captures Tems’ Story Of Passion, Purpose

    World Cup 2026: FIFA Sanctions SAFA •Deducts 3 Points

    World Cup 2026: FIFA Sanctions SAFA •Deducts 3 Points

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
No Result
View All Result
Newscoven
No Result
View All Result
Home Business

Nigeria Can Earn $1Bn Annually From Local Sugar Production -Hon. Abdul

Newscoven by Newscoven
December 9, 2024
in Business
Reading Time: 3 mins read
2 0
A A
0
Nigeria Can Earn $1Bn Annually From Local Sugar Production -Hon. Abdul

Cutting of cake at the 2024 Annual Summit of the Senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASGOC), an affiliate of the Trade Union Congress (TUC), held in Abuja, on Monday.

3
SHARES
41
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

Deputy Chairman, House of Representatives Committee on Finance, Honourable Saidu Abdul, has revealed that Nigeria has the potential to generate $1 billion annually from local sugar production.

He also disclosed that, rather than being a big global producer of sugar, the country spent over ₦2.7 trillion on sugar imports between 2012 and 2022.

Honourable Abdul stated these in Abuja on Monday while speaking at the 2024 Annual Summit of the Senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASGOC), an affiliate of the Trade Union Congress (TUC).

The summit was organised by the National Sugar Development Council (NSDC) branch of SSASCGOC, with the theme “Labour Unions: The Voice of the Employees in Policy Development and Productivity Growth.”

RelatedPosts

Olubadan Raises Committee On Ibadan Economic Revival, Urban Renewal

Makinde Woos Partners On Values Tree Crops •Targets 1 Million New Plantations In 4 Years

PHOTOS: Makinde In Ghana To Submit AfCFTA Post-Launch Engagement Report

The House Committee Deputy Chairman called for urgent action by the country to tap into the vast potentials in sugar production as a means to boosting the national economy.

He said the National Sugar Development Council (NSDC) Master Plan was targeted at cultivating 250,000 hectares of land, noting that it is a goal that is achievable by Niger State alone.

Hon. Abdul also stressed the importance of periodic progress assessments, collaboration between lawmakers and technocrats, import substitution policies and supporting local industries.

He cited as an eye-opener his recent visit to Brazil where he witnessed the thriving sugar economy of the South American country.

According to him, the sugar industry in Brazil is generating more than the entire budget of Nigeria. He said the country can replicate the Brazilian sugar production to generate more revenue.

The federal lawmaker, however, said he was not unaware of the peculiar challenges facing the sugar industry in Nigeria, including inadequate infrastructure, limited funding and inefficient policies.

To address the identified challenges, he proposed investment in infrastructure development, provision of incentives for investors and review of policies on sugar production.

Abdul pledged support for initiatives that can drive economic growth, including collective action. “We must seize opportunities, work together and make life better for Nigerians,” he added.

In his welcome address, Executive Secretary of NSDC, Kamar Barkin, said the summit’s theme, which emphasises the voice of employees in policy development, growth and productivity, was timely.

He disclosed that the NSDC is currently at a critical stage in implementing Phase II of the Nigeria Sugar Master Plan (NSMP).

In this phase, Barkin explained that it aimed to fully develop the sugar industry, achieve self-sufficiency in production and create more jobs, especially in the rural areas.

The NSDC Executive Secretary also disclosed that the Council has declared 2025 as a year of accelerated sugar project development in the country.

Also speaking, a former vice president of SSASCGOC (NSDC branch), Sa’ad Aminu Usman, stated that the values of SSASCGOC included productivity, partnership and capacity-building.

“Productivity is key, but it requires capacity-building. The workers are critical stakeholders in economic growth, managing resources effectively,” he added.

Usman, citing personal experience, shared successes in improving revenue generation and negotiating better conditions of service.

“We increased our internally generated revenue (IGR) significantly, and our condition of service improved accordingly,” he said.

Usman urged SSASCGOC members to explore entrepreneurial ventures, utilising constitutional provisions that allowed civil servants to engage in farming, agriculture and other businesses, noting that salary income alone cannot sustain them.

Meanwhile, President of NSDC-SSASCGOC, Suleiman Mohammed Kabir, noted that the role of unions is very critical in the developing landscape of labour relations.

“We serve as the indispensable voice for our members, advocating for their rights and well-being, while striving to influence policies that shape our industry.

“Today, we will explore how unions can effectively engage in policy development processes, ensuring that the needs and aspirations of the workforce are front and centre in discussions that impact productivity and growth.

“As we dig into our discussions, let us not forget the collective power we hold. The conversations we have will shape, not only workplace policies, but also the future of the sugar sector itself.

“Our commitment to collaboration and dialogue will empower us to spearhead initiatives that drive meaningful change, enhance productivity and ultimately contribute to the overall growth of our national economy,” Kabir said.

author avatar
Newscoven
See Full Bio
Tags: Honourable Saidu AbdulLocal Sugar Production
SendShare1Tweet1

Related Posts

Olubadan Raises Committee On Ibadan Economic Revival, Urban Renewal

Olubadan Raises Committee On Ibadan Economic Revival, Urban Renewal

by Newscoven
October 24, 2025
0
44

Olubadan of Ibadanland, Oba Rashidi Ladoja, has raised a committee aimed at bringing back economic revival and urban renewal of...

Makinde Seeks Partnerships On Values Tree Crops •Projects 1 Million New Plantations In 4 Years

Makinde Woos Partners On Values Tree Crops •Targets 1 Million New Plantations In 4 Years

by Newscoven
October 23, 2025
0
18

Oyo State governor, 'Seyi Makinde, has called on local and foreign partners to join the efforts at reviving value tree...

PHOTOS: Makinde In Ghana To Submit AfCFTA Post-Launch Engagement Report

PHOTOS: Makinde In Ghana To Submit AfCFTA Post-Launch Engagement Report

by Newscoven
October 20, 2025
0
44

Oyo State governor, 'Seyi Makinde, at the weekend, visited the Secretariat of African Continental Free Trade Area (AfCFTA), Accra, Ghana...

ICT | Science | Technology

Technology: Catalyst For Productivity, Sustainable Economic Development -Ekwunife

Technology: Catalyst For Productivity, Sustainable Economic Development -Ekwunife

October 26, 2025
11
Energy Supply Volatility, Multiple Taxation Militating Against Deployment Of Broadband -Maida

Energy Supply Volatility, Multiple Taxation Militating Against Broadband Connectivity -Maida

October 11, 2025
76
UNILAG Quietly Builds Africa’s First University Auto Assembly Plant

UNILAG Quietly Builds Africa’s First University Auto Assembly Plant

October 7, 2025
271
NCS, NCC Strengthen Alliance On Device Monitoring, Security, Public Safety

NCS, NCC Strengthen Alliance On Device Monitoring, Security, Public Safety

October 3, 2025
87
Adegbola To Governments: Invest In Computer Technology For Local Languages

Adegbola To Governments: Invest In Computer Technology For Local Languages

September 2, 2025
183
Prev Next

Health

Art Therapy Has ‘Clear Effect’ On Severe Depression, Research Finds

January 27, 2024
8

What I’ve Learned From A Year Without Alcohol

January 21, 2024
7

Hope Rises For HIV Cure • As Makinde Solicits Support For State Health System

August 1, 2023
93

World Menstrual Hygiene Day: G2W²E Takes Campaign To Markets •Distributes Sanitary Pads

May 29, 2022
1.2k

Akpabio Seeks UN Support For Malaria Vaccine Production

December 17, 2021
407

Sanusi Supplies Eggs To Sickle Cell Patients

February 24, 2025
20
Prev Next
Newscoven

NewsCoven.com is an independent and unbiased online news medium determined to take a holistic approach to reportage of events, covering all spheres of human activities, with refreshed zeal and vigour.

Contact: +234-805-732-0978

Categories

  • Achievers | Appointments
  • Agriculture
  • Analysis
  • Arts | Book Review
  • Banking & Finance
  • Business
  • Church
  • Crime | Court | Judiciary | Security
  • Culture | Religion
  • Editorial | Discourse | Opinion
  • Education
  • Energy | Oil & Gas
  • Entertainment | Sports
  • Environment | Community | Eye Report | Metro
  • Feature
  • Health
  • Hotels | Travels | Tourism
  • ICT | Science | Technology
  • Interviews
  • Islam
  • News
  • Peoples | Events
  • Politics
  • Reflections With Dapo Falade
  • Science
  • Uncategorized
  • Woman's Essence by Motunrayo Busari
  • World

Recent News

Technology: Catalyst For Productivity, Sustainable Economic Development -Ekwunife

Technology: Catalyst For Productivity, Sustainable Economic Development -Ekwunife

October 26, 2025
Segun Kehinde, Online Publisher, Becomes Associate, INCOS-DE

Segun Kehinde, Online Publisher, Becomes Associate, INCOS-DE

October 25, 2025
Yoruba Heritage Forum Salutes Adebutu For Rekindling Yoruba Harmony

Yoruba Heritage Forum Salutes Adebutu For Rekindling Yoruba Harmony

October 25, 2025

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • About Us
  • Advertisement
  • Breaking News | Latest Nigerian News Today
  • Checkout
  • Contact Us
  • Disclaimer
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms of Use

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.