Sugar Import Bills Rise To N1.4trn Over Weak Local Capacity

Inefficient crushing capacity has foiled government’s plans to reduce N1.4 trillion ($874 million) bills on 1.7 million tonnes of sugar import despite the country’s total installed capacity, which has risen to three million metric tonnes. Findings revealed that despite the high foreign exchange of naira to dollar, some operators under the Backward Integration Programme (BIP)...The post Sugar Import Bills Rise To N1.4trn Over Weak Local Capacity first appeared on New Telegraph.The post Sugar Import Bills Rise To N1.4trn Over Weak Local Capacity appeared first on New Telegraph.

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