The price of sugar in Nigeria increased by 103 per cent to N16.76 million per metric ton in the first quarter of 2024 on a year-on-year basis. Recent data from the National Sugar Development Council, NSDC, showed that the average sugar prices surged from N16.76 MMT in Q1 2024 from N8.24 million per ton in the same quarter of 2023, …

In alignment with the Federal Government’s agenda for food security and economic stability, major sugar refineries across the nation have pledged not to increase sugar prices during the Ramadan, which runs from 10th March to 9th April 2024. This decision resonates with the objectives of President Bola Tinubu’s eight-point agenda and was highlighted during the recent tour by the Minister …