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Nigeria Launches Sugar Project Acceleration Fund to Support Development Nationwide

Nigeria Launches Sugar Project Acceleration Fund to Support Development Nationwide

Sputnik Africa

Nigeria Launches Sugar Project Acceleration Fund to Support Development NationwideThe $7.2 million fund, launched by the National Sugar Development Council... 09.03.2026, Sputnik Africa

2026-03-09T11:39+0100

2026-03-09T11:39+0100

2026-03-09T11:44+0100

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Nigeria Launches Sugar Project Acceleration Fund to Support Development NationwideThe $7.2 million fund, launched by the National Sugar Development Council (NSDC) and Bank of Industry, will finance and support viable greenfield projects to boost the growth of a sustainable, competitive sugar industry in Nigeria. While development finance institutions and impact investors are eager to fund African food systems, the real challenge lies in finding projects that are well-structured, documented, and de-risked enough to attract financing, Kamar Bakrin, Executive Secretary and CEO of the NSDC, stated. A bankable project must start with a rigorous feasibility study covering agronomy, water, infrastructure, and social and environmental risks, Bakrin noted. AI-generated imageSubscribe to @sputnik_africa Sputnik Africa | X

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