The role of private investors is key and vital to achieving the resuscitation of moribund industries in the country a move which will in turn generate revenue and create job opportunities for the teeming youths.
This is the submission of the Executive Secretary, National Sugar Development Council (NSDC), Zak Adedeji in a message delivered at Bacita, Kwara State during a sensitization workshop for stakeholders in the sugar industry.
Also Read: Christian faithfuls in Kwara join counterparts To mark Good Friday
The Nigeria Sugar company Bacita was established in 1963, and commenced operation in 1965, it is the first sugar company in Nigeria but government was unable to manage the company making it moribund
Gathered at the community square were key stakeholders who are looking at resuscitating the company through privatization. The director general represented by the Director of Policy Planning and Research Hezekiah Kolawole said the move by the council is envisaged in Nigeria sugar master plan.
Also speaking, the representative of the new team willing to invest in the moribund sugar company, said there will be meaningful consideration for the host communities. Similarly, the paramount ruler, Etsu of Tsaragi in a message ordered the residents farming on the company’s land to vacate it immediately
If successfully implemented the hope is that the sugar factory will come alive again.
(Editor Paul Akhagbemhe)
