Nigeria Sugar Project: NSDC Boss Meets Investors, Declares 2025 Year Of Acceleration
The NSDC declared 2025 as the year of maximum acceleration for sugar project development. Utham Sucrotech International presented its capabilities in sugar project development to the NSDC. The meeting discussed project development in Niger State and financing strategies.
The Executive Secretary/ CEO of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin, has declared the year 2025 as that of maximum acceleration for sugar project development.
A statement issued by the NSDC over the weekend said Bakrin met with representatives of Utham Sucrotech International from India, Niger Food Security Systems & Logistics Ltd and American West African Agro (AWAA).
The meeting explored the scope of activities of Utham in project development in view of the greenfield project being established by AWAA in Niger State for which Utham will be providing services.
The company’s Global Business Development Leader, Mr. Sanjiv Gulati, made a presentation to the ES on its activities which include field and factory establishment of sugar projects across India, Europe and Africa.
He also spoke of Utham’s ability to fabricate equipment for sugar projects, adding that 13 per cent sugar recovery has been achieved by the company.
He reinstated their capacity in managing 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.
Mr. Flavio Castellari, a financial expert with Uttam, 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. He also spoke of the company’s record in Corporate Social Responsibility (CSR) among others.
