Refineries Committed To Stable Sugar Prices For Ramadan — Minister

The Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, has confirmed that major sugar refineries across the nation have pledged their commitment to maintaining sugar price stability during the Ramadan period.

The assurance came through a statement signed by Tolu Moyan, Special Assistant on Media to the Minister of Industry, Trade and Investment, in Lagos on Tuesday.

The News Agency of Nigeria (NAN) reports that the holy month of Ramadan, scheduled for March 10 to April 9, 2024, is a time dedicated to fasting and praying by Muslims worldwide.

Traditionally, during this period, the prices of sugar and some other consumables tend to increase due to higher demand than supply.

The minister visited leading sugar producers, including Dangote Sugar Refinery Plc, BUA Sugar Refinery Ltd., Flour Mills Ltd., Bestaf Ltd., Golden Sugar Company, and the Coca-Cola Hellenic Bottling Company (CHBN).

Uzoka-Anite commended the refineries for their steadfast commitment to maintaining price stability, stating that it reflects their dedication to supporting the nation during this significant period. She emphasized that this move aligns with the Federal Government’s agenda for food security and economic stability, as well as President Bola Tinubu’s 8-Point Agenda.