Chinese Firm To Invest $1bn in Nigeria’s Sugar Industry
Oluwakemi Kindness The National Sugar Development Council (NSDC) has signed a major Memorandum of Understanding (MoU) with SINOMACH, a Chinese conglomerate, for the development of a sugarcane cultivation and processing project capable of producing one million metric tonnes of sugar in the country. The MoU, which is an early fruit of the Nigeria-China Strategic Partnership-an initiative of President Bola Tinubu—has the potential to attract investments of up to one billion […]