In a laudable alignment with the Federal Government’s aim for food security and economic stability, major sugar refineries throughout the nation have agreed to not hike sugar prices during the Ramadan. President Bola Ahmed Tinubu’s 8-Point Agenda goals are clearly aligned with this decision, which was emphasized during the recent tour by Honorable Minister of the Federal Ministry of Industry, Trade, and Investment Dr. Doris Uzoka-Anite, MD, CFA.
Dr. Uzoka-Anite saw a strong dedication to preserving price stability when visiting major producers of sugar, 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 Minister reaffirmed, “Rest assured, there will be no increase in sugar prices, especially during Ramadan,” demonstrating the refineries’ commitment to helping the country during this momentous time.
The commitment made by the sugar refineries demonstrates their unwavering support for the government’s initiatives to strengthen food security and the agriculture industry, two important facets of President Tinubu’s transformative program. “I have witnessed their dedication to high-quality sugar production. While commendable, our collective goal demands a higher standard,” Our collective goal demands a higher standard,” she said.
During her visit to Golden Sugar Company, the Minister addressed concerns about performance and emphasized that poor performance will not be tolerated in the context of the sugar master plan. This declaration emphasizes the refineries’ dedication to upholding prices throughout Ramadan while also increasing overall productivity and efficiency in accordance with the goals of the government.
The sugar industry’s dedication to maintaining price stability throughout Ramadan is an example of how the public and private sectors can collaborate effectively to accomplish shared objectives. This promise from the sugar refineries, backed by the determination of the federal government, is a comforting step in the direction of the growth of the country.
The Minister used the visit as a tactical opportunity to align the government’s unyielding position on raising performance standards in the sugar industry with the strategic objectives outlined in President Tinubu’s 8-Point Agenda.
Tolu Moyan
Special Assistant on Media to Minister of Industry, Trade & Investment
January 10, 2024
