The Executive Secretary of the National Sugar Development Council NSDC, Mr. Kamar Bakrin has assured investors of adequate support to accelerate the development of the sector in Nigeria.
The NSDC boss gave the assurance when he met with representatives of Utham Sucrotech International from India, Niger Food Security Systems and Logistics Ltd and American West African Agro.
Mr Bakrin declared the year 2025 as that of maximum acceleration for sugar project development with emphasis on yield improvement in sugar estates.
He further requested to know the expectations in Sugar recovery rate with respect to the activities of Utham at the Dangote Sugar Refinery and was assured of 12.3%.
Global Business Development Leader, Utham Sucrotech International
Mr. Sanjiv Gulati, made a presentation on its activities which include field and factory establishment of sugar projects across India, Europe and Africa.
He spoke of Utham’s ability to fabricate equipment for sugar projects, adding that 13% sugar recovery has be
en achieved by the company.
Mr Gulati restated their capacity to manage sugar projects and assured the the NSDC boss that Utham’s presence in Nigeria will boost sugar project development and the overall development of the subsector.
A financial expert with Uttam, Mr. Flavio Castellari also gave an overview of the Brazilian Sugar industry and funding strategies that can be adopted in Nigeria.
The Executive Chairman of Niger Foods, Mr Sammy Adigun, talked about financing arrangement through sovereign and corporate guarantee for the development of 100,000Ha Sugar project in Niger State.
The meeting also explored the scope of activities of Utham in project development in view of the Greenfield project being established by American West African Agro in Niger State for which Utham will be providing services.
Source: Voice of Nigeria