There are opportunities in the Nigerian sugar industry as consumption rose 4 percent to 1.56mmt in 2016 from 1.50 mmt obtained in 2015, data from the National Sugar Development Council (NSDC) show.
Production rose from 13,488 metric tonnes per annum (mt) in 2015 to 25,000 mt in 2016, representing 85.34 percent increase over the period.
However, Africa’s biggest economy is still importing a lot of raw sugar from Brazil. Sugar importation into the country between January and December of last year was 1.55 million metric tons, amounting to $516.2 million in 2016. Per capita consumption in the country rose to 9.1 kg from 8.6kg and 8.7 kg in 2014 and 2015 respectively.
