Dangote to invest $700 million in sugar production

The Dangote Sugar Refinery has made plans to invest $700 million in sugar production as part of plans of backing the Federal Government’s backward integration policy which aims at making Nigeria self sufficient in sugar production in the nearest future.

The management of the company disclosed this on an official visit to the members of the Nassarawa State House of Assembly on Friday last week.

The company assured the Nassarawa lawmakers of the citing of the sugar projects in the state as well as in Adamawa. It went on to say that the projects will save the government billions of naira in forex on sugar importation.

The state lawmakers thanked the Dangote Group for choice of the state for the project and the speedy pace with which the project was being executed, despite occasional delays arising from communal disputes.

General Manager for the BIP, Dangote Sugar, John Beverley said when the factory was fully operational, it would have the capacity to crush 12,000 tons of cane per day, while 90MW power would be generated for both the firm’s use and host communities.

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