Major sugar refineries across Nigeria have pledged to not increase sugar price during the Ramadan in a move to align with the Federal Government’s agenda for food security and economic stability.
“Rest assured, there will be no increase in sugar prices, especially during Ramadan,” Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, affirmed when she visited leading sugar producers including Dangote Sugar Refinery Plc, BUA Sugar Refinery Ltd, Flour Mills Limited, Bestaf Ltd, Golden Sugar Company, and the Coca Cola Hellenic Bottling Company (CHBN).
The decision reflects the dedication of sugar refineries to supporting the nation during the Ramadan period, Tolu Moyan, Special Assistant on Media to Minister of Industry, Trade & Investment, said in a statement on Monday.
Part of the statement read, “This decision resonates strongly with the objectives of President Bola Ahmed Tinubu’s 8-Point Agenda and was highlighted during the recent tour by MD, CFA, the Honorable Dr. Uzoka-Anite observed a steadfast commitment to maintaining price stability.
“The sugar refineries’ pledge is a clear demonstration of their alignment with the government’s efforts to bolster the agricultural sector and food security, key components of President Tinubu’s transformative agenda. “I have witnessed their dedication to high-quality sugar production. While commendable, our collective goal demands a higher standard,” stated Dr. Uzoka-Anite, acknowledging the industry’s efforts while emphasizing the need for continued excellence and efficiency in production.
“Addressing performance concerns during her visit to Golden Sugar Company, the Minister stressed that subpar performance in the sugar master plan would not be acceptable. This statement underscores the refineries’ commitment to not only maintaining price during Ramadan but also to enhancing overall productivity and efficiency in line with the government’s vision.
“The sugar industry’s commitment to price stability during Ramadan exemplifies a synergistic relationship between the government and the private sector, working hand in hand to achieve common goals. This pledge by the sugar refineries, supported by the Federal Government’s resolve, is a reassuring step towards national development.
The visit served as a strategic platform for the Minister to communicate the government’s unwavering stance on elevating performance standards within the sugar industry, harmonizing with the strategic goals embedded in President Tinubu’s 8-Point Agenda”.
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