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Self-sufficiency in sugar in Nigeria can affect Brazilian export

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The Nigerian government plans to increase sugarcane plantation to achieve self-sufficiency in sugar production in the country by 2020.

The project created in 2013 by the government intends to increase local sugar to achieve self-sufficiency and reduce dependence on imports and create employment opportunities and increase ethanol production in the country.

Currently, over 90% of all sugar consumed in Nigeria is imported, mainly from Brazil, and refined by domestic refineries.

This initiative may have direct impact on the export market for Brazilian sugar next year.

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