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From Ndubuisi Orji, Abuja
The House of Representatives has said it is considering a legislation to amend National Sugar Development Council Act, 2024, so as to enhance the competitiveness of the sugar sector and increased its contribution to the economic.
The chairman, House Committee on Industry, Enitan Badru, stated this, at a public hearing organized by the panel on a bill to Amend the National Sugar Development Council Act, 2024.
Badru noted that the bill is also aimed at strengthening the National Sugar Development Council’s mandate and operational framework, as well as enhancing collaboration with relevant agencies and stakeholders.
The lawmaker, while soliciting the input of stakeholders in the proposed legislation, stated that the bill will help foster private sector participation and investment in the sugar industry, among others.
He said “the enactment of this legislation would no doubt enhance competitiveness and increasing the sector’s contribution to Nigeria’s economy.
“The purpose of this Hearing is to elicit the views of the stakeholders in this industry in order to provide a more inclusive and comprehensive law that will enhance the Council’s effectiveness in regulating and developing the sugar industry
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“As stakeholders, we recognize the value of your expertise, concerns, and suggestions. Your contributions will no doubt shape the future of our sugar industry, ensuring it’s responsive to the stakeholders, including farmers, processors, and consumers.”
The Minister of State for Industry, Trade and Investment, John Eno, while speaking at the public hearing, stated that sugar is critical in rural development and national value generation.
“Sugar plays a critical role in rural development, job creation, and national value generation. The NSMP is a vital component of our industrialization drive. However, its success depends on the collective attitude and accountability of both public and private sector actors.
“This amendment is intended to strengthen the law, correct past lapses, and ensure we achieve real import substitution and sustainable local capacity,” Eno said.
