FG Pledges to Curb Sugar Price Hike

In a bid to curb soaring sugar prices and bolster domestic production, the Federal Government of Nigeria has pledged to implement measures aimed at stabilizing the market and fostering a thriving sugar industry.

This commitment was declared by the Minister of Industry, Trade and Investment, Dr. Doris Uzoka Anite, during a recent tour of major sugar refineries across the country.

“The hikng price of sugar is a pressing concern for millions of Nigerians, and the FG recognizes its impact on both their livelihoods and the broader economy,” Dr. Anite stated. “We are committed to taking decisive action to ensure price stability, enhance local production, and ultimately achieve self-sufficiency in sugar production.”

The Minister’s visit served as a platform for direct engagement with industry leaders, including representatives from Dangote Sugar Refinery, BUA Sugar Refinery, and Flour Mills Limited.

Discussions focused on collaborative efforts to tackle price fluctuations, increase domestic sugar output, and address existing bottlenecks within the supply chain.

“The sugar refineries have demonstrated a commendable understanding of the government’s priorities and have pledged their cooperation in ensuring price stability, especially during the upcoming Ramadan period,” Dr. Anite said. “This collaborative spirit is crucial for achieving our shared goals of food security and a flourishing sugar sector.”

The FG’s pledge to maintain stable sugar prices marks a significant step towards addressing a critical concern for Nigerian citizens. Whether these efforts result in tangible and sustained success will depend on the meticulous implementation of the outlined strategies and a continued dialogue between the government, industry players, and the public.