ANNOUNCEMENT 01 Jan 2013In January 2013, the government of Nigeria announced an alteration to its export prohibitions.
NUMBER OF INTERVENTIONS
Bloomberg, 'Nigeria to Stop Some Sugar Imports to Boost Local Production', Dec. 20, 2012: http://www.bloomberg.com/news/2012-12-20/nigeria-to-stop-some-sugar-imports-to-boost-local-production.html
Ventures Africa, 'Nigeria To Stop Sugar Importation By January 2013', Dec. 23, 2012: http://www.ventures-africa.com/2012/12/nigeria-to-stop-sugar-importation-by-january-2013/
National Sugar Development Council, Nigerian Sugar Master Plan: http://www.nsdc.gov.ng/pdf_manuals/NSMP.pdf
According to Bloomberg and several other news agencies, based on remarks from the trade minister and the executive secretary of the National Sugar Development Council, the Nigerian federal government bans imports of packaged sugar, granulated and in cubes, since January 2013. This is done as part of the Nigerian Sugar Master Plan, which aims to achieve self-sufficiency in sugar consumption by 2020. Currently, about 98% of all sugar consumed in Nigeria is imported.
Imports of raw sugar, by contrast, are subject to presidential approval on recommendation from the trade and investment minister. Imports of machinery for local sugar refineries are tariff free and investors in domestic sugar processors get a five-year tax holiday.
It has been impossible to find an official source for this measure, however several government officials have spoken about it in different, credible media and the media reports are quite exact as to the extent of the measure. There is therefore no reason for the GTA to assume that the sources listed have misperceived this measure.