Monday, July 16, 2007

Nigeria to cut sugar imports to 30 percent by 2010

(Reuters) - Nigeria should cut sugar imports in the next three years to cover 30 percent of its usage as it aims to become 70 percent self-sufficient through local production of the sweetener, authorities said on Monday.

The National Sugar Development Council said the inflow of 120.3 billion naira in new investment in the last eight years, 99.5 billion naira of which came from abroad, has helped revive the formerly moribund sector.


Read more at Reuters Africa

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