Dangote will invest $ 700 million in sugar production
The management of Dangote Sugar Refinery Plc has pledged $ 700 million to sugar projects to support the Federal Government’s backward integration policy to ensure Nigeria is self-sufficient in sugar production.
The company made the announcement to members of the Nasarawa Assembly House on Friday, according to a statement released by Dangote Industries Limited on Sunday.
The company says Nigeria is Africa’s largest importer of sugar from the Sahara, second only to South Africa with annual imports of more than $ 337 million.
Dangote Sugar Management has assured lawmakers that more than half of the currency spent on sugar imports each year will be saved once the BIP sugar projects in Nasarawa and Adamava are completed.
Investments also raise their own people, as other people-oriented infrastructure comes with sugar projects.
State lawmakers praised the Dangote group for choosing the state for the project and the pace of project implementation, despite occasional delays due to collective disagreements
BIP General Manager Dangote Sugar John Beverly said the plant will be capable of crushing 12,000 tonnes of cane per day once fully operational, while 90MW of capacity will be produced for both company use and homeowners.
He also announced the construction of a total of 500 km of road to facilitate nearby traffic. He asked for the help of legislators in controlling the risk of land degradation by immigrants and traveling farmers.
Nasarawa State Assembly House Speaker Ibrahim Abdullah and his team praised the project to members of the company, which was carried out on a 78,000-hectare BIP in the Tunga Awe local administration area.
Abdullah stressed that this would open up opportunities not only in the state but in Africa as a whole, and said lawmakers were ready to partner and support the company in implementing the sugar project through relevant laws.
Once Phase II of the project is completed, the company believes it will make it the largest sugar processing plant in Africa.