Nigeria: Sugar Annual

Commodities

MY2018/19 Nigeria sugar production is estimated to remain at 80,000 tons, the same figure reported the previous year. MY 2018/19 imports are forecast to remain relatively constant at 1.8 million tons. The Government of Nigeria (GON) policies on sugar have not resulted in increased production. Domestic sugar consumption is expected to increase slightly from 1.6 million tons to 1.61 million tons. Although the Nigerian Government continues to offer sugar industry stakeholders access to foreign exchange, the still rebounding economy from recession has not resulted in increased purchasing power of most households in Nigeria. Moreover, the GON’s backward integration programs for sugar production still remain significantly challenged, due to weak infrastructure, poor policy formulation/implementation, limited funding and insecurity. 

Nigeria: Sugar Annual