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Published On: Fri, Dec 21st, 2018

How we grow Sugar Devt Fund to N12bn since 2013 -Busari

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By Miriam Humbe

Executive Secretary, Nigeria Sugar Development Council, Dr Latif Busari has said that the agency has been able to grow the National Sugar Development Fund to about N12bn since 2013.
Busari said out of the amount, N8.8bn was domiciled with the Bank of Industry while the balance of N3.2bn was with the Bank of Agriculture, adding that from the N8.8bn with the BoI, about N2.4bn had been disbursed to finance a sugar project in Goronyo in Sokoto State.
He said the project is expected to deliver 3,000 tonnes of sugar per annum for the country.
While expressing optimism that government would achieve its objective of job creation and attract investment into the sector, he said from the N3.2bn with the Bank of Agriculture, the sum of N1.5bn had been disbursed to finance infrastructure project in the sugar industry.

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