FG to partner private sector to boost sugar production and employment

THE Federal Government said that its partnership with the private sector, in the area of Sugar production would promote competition, productivity, profitability and sustainability in the industry.

This was disclosed by the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, at the inauguration of the  Nigeria Sugar Institute Ifelodun Local Government Council Area of Kwara.

“The government, therefore, recognises the need to deepen its partnership with the private sector to drive access to skills’ development, research and development.

”This should be done in a manner that promotes competition, productivity, profitability and sustainability in the sugar industry,” he said.

What you should know

• Recall Nairametrics reported this month that Vice-president, Prof. Yemi Osinbajo during an MSME stakeholders’ meeting, disclosed that the Federal Government in partnership with the private sector would continue to provide interventions to boost the growth of small businesses across the country.
• The FG also announced in November 2020 that it will launch a National Investment Policy, which will entrench an investment-friendly environment that supports the sustainable development aspirations of the country.

FG to partner private sector to boost sugar production and employment