The management of Dangote Sugar Refinery Plc has said it is committing over $700m to its sugar projects to support the Backward Integration Policy of the Federal Government to make Nigeria self-sufficient in sugar production.

According to a statement issued on Sunday by Dangote Industries Limited, the company disclosed this to visiting members of the Nasarawa House of Assembly on Friday.

The company noted that Nigeria was one of the sub-Saharan Africa’s largest importers of sugar, second only to South Africa with an annual import of over $337m.

The Dangote Sugar management however assured the lawmakers that with the completion of its sugar projects in Nasarawa and Adamawa under the BIP, the nation would be saved more than half of the forex expended on sugar imports annually.

It added that the investment would also lift its people as other people-oriented infrastructures would come with the sugar projects.

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

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 company’s use and host communities.

He also disclosed that some 500km roads in all would be constructed to ease transportation within the vicinity. He solicited the support of the lawmakers in controlling the menace of land encroachment by settlers and itinerant farmers.

The Speaker of the Nasarawa State House of Assembly, Ibrahim Abdullah, and his team members, who were conducted round the company’s 78,000 hectares BIP in Tunga Awe Local Government Area commended the company for the project.

Abdullah noted that it would not only open up opportunities in the state but in Africa as a whole, and said the lawmakers were ready to partner and support the company towards the realisation of the sugar project through relevant legislations.

When the phase II of the project is completed, according to the company, it will make it the largest sugar refining plant in Africa.

Jerryherd:
BUA group is ready to compete, expect marketing war and price drop

Sunnycliff:
Because you want to monopolise the industry, that's why you are hell bent against Rabiu to frustrate him out of that business.

Simplyleo:

I agree with you.

Aliko dangote is hell bent in frustrating Chinedu Rabiu and the nepotistic Buhari is supporting his Northern Dangote aboki because they are fellow jihadists.

MrIcredible:
Dan barawo


USELESS Abokî monopolist


Selling cement N1,900 in a neighboring country but selling same thing for almost 4k in his own country.


The North is the problem of North and Nigeria at large.

I CAN'T WAIT FOR THIS COUNTRY TO SEPARATE.

Cooldiipo:
PR job


Now bad press is making oga to shalaye

AllenSpencer:
The Great Northerners!

Every religious book pointed to the North as great achievers and power holders. From North America, to Northern Europe, down to North Africa. It's always about North!


Give it to Dangote! Seems hate makes him go stronger.

Officialhorlah:


https://punchng.com/dangote-commits-700m-to-sugar-production/

AllenSpencer:


You are not brilliant.

First! Define Monopoly?

Second, what's stopping Dangote's c9mpetitors from crashing prices? Ain't they after profit?

Una sha go won talk at all cost, even though it does not make sense.