Friday, June 5, 2026
  • Login
No Result
View All Result
The Business Times
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
No Result
View All Result
The Business Times
No Result
View All Result
Home Business

The 300,000-Tonne Challenge: FG Sets 2030 Deadline for Flour Mills’ Sugar Expansion

byChidi Okoye
April 20, 2026
in Business, Economy
0
The 300,000-Tonne Challenge: FG Sets 2030 Deadline for Flour Mills’ Sugar Expansion
10
VIEWS
Share on FacebookShare on Twitter

The Minister of State for Industry, Senator John Enoh, has challenged Flour Mills of Nigeria Plc to increase the annual production capacity of Golden Sugar Company (GSC) to 300,000 metric tonnes by 2030. During a strategic inspection of the GSC complex in Sunti, Niger State, the Minister emphasized that Nigeria’s current local production lags significantly behind the annual consumption of 1.8 million metric tonnes. This directive is part of the Federal Government’s accelerated drive to achieve sugar self-sufficiency and reduce the heavy fiscal burden of sugar imports.

The Sunti project is a centerpiece of the government’s Backward Integration Program (BIP), which aims to transform Nigeria from a consumer to a producer of essential commodities. With 4,500 workers employed at peak capacity, the facility demonstrates the potential for large-scale agricultural projects to drive job creation and rural development. GSC’s plan to scale from its current 20,000 metric tonnes to nearly 300,000 metric tonnes will require significant capital investment and infrastructural expansion, supported by government fiscal incentives and funding efforts.

Achieving these targets is vital for Nigeria’s foreign exchange stability, as localized production will conserve the hard currency currently spent on raw sugar imports. The National Sugar Development Council (NSDC) has reaffirmed its commitment to holding industry players accountable for results. As the GSC expands its cultivation from 6,600 hectares, the success of this project will serve as a litmus test for Nigeria’s ability to achieve industrialization through disciplined agricultural value-chain development.

Tags: agricultureBackward IntegrationBoye OlusanyaFlour Mills of NigeriaJohn EnohNiger StateNSDCSugar Production
Chidi Okoye

Chidi Okoye

Next Post
Guarding the Borders from Above: Meet the First Woman to Fly for Nigeria Customs

Guarding the Borders from Above: Meet the First Woman to Fly for Nigeria Customs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Amazon Launches “Amazon Bazaar” in Nigeria, Bringing Ultra-Low-Price Shopping to Millions

7 months ago
CcHUB’s $4.18 Million Grant Deployment Illustrates Multiplier Effects in African Tech Ecosystem Building

CcHUB’s $4.18 Million Grant Deployment Illustrates Multiplier Effects in African Tech Ecosystem Building

3 months ago

Popular News

  • Dangote Refinery Exceeds Capacity, Processes 700,000 Barrels Daily in Major Expansion Milestone

    0 shares
    Share 0 Tweet 0
  • NUPRC Urges Banks to Increase Funding for Nigeria’s Oil and Gas Industry

    0 shares
    Share 0 Tweet 0
  • Naira Gains Strength as Nigeria’s Forex Inflows Jump 31% to $3.7 Billion in May

    0 shares
    Share 0 Tweet 0
  • Nigeria Promotes Investment Opportunities at London Stock Exchange as African Leaders Seek Global Capital

    0 shares
    Share 0 Tweet 0
  • Senate Sets Up Committee to Fast-Track Payment of Contractors’ Outstanding Debts

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Twitter Instagram TikTok

Newsletter

Pages

  • About Page
  • Contact
  • Privacy Policy
  • Terms & Conditions

Navigation

  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Home
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .