From Sugarcane to Sugar: Capturing the Sweet Opportunities in Backward Integration

Sugarcane

Nigeria’s sugar industry has significant opportunities for growth and development as the current domestic consumption far outweighs the local production level. According to the United States Department of Agriculture (USDA), Nigeria’s demand is 1.5 million tonnes of sugar per year with a potential market size of 1.7 billion tonnes (based on population and recommended daily sugar intake), making it the second largest consumer of sugar in Africa, after South Africa. Nigeria only produces about 2% of raw sugar, while the remaining 98% is imported and refned by a few mills

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