ENCOURAGED BY SUGAR MASTER PLAN CHINESE CONGLOMERATE PLEDGES $1 BILLION DOLLAR INVESTMENT
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 dividend of the Nigeria-China Strategic Partnership—an initiative of…