Home BUSINESS Aliko Dangote Announces Increased Investment In Sugar Sub-Sector

Aliko Dangote Announces Increased Investment In Sugar Sub-Sector

President of the Dangote Group, Alhaji, Aliko Dangote, has announced that the Dangote Sugar Refinery (DSR) is significantly increasing investment in the sugar sub-sector in line with the requirement of the Nigeria Sugar Master plan (NSMP).

Speaking at the Flag off Ceremony of the 2022/2023 Crushing Season and Outgrower Scheme Awards in Numan, Adamawa State, Aliko Dangote said that the company is making massive investments in Adamawa State through the expansion of DSR Numan sugar refining capacity from 3,000 tons of cane per day (tcd) to 6,000 tcd, 9,800 tcd and to 15,000 tcd.

He said that increasing the sugar refining capacity will require a corresponding increase in sugarcane production capacity, adding that the company has concluded plans to increase its sugar plantation from the current land area under cane production of about 8,700 hectares in 2022 to about 24,200 hectares within the next 7 years.

He assured that the company will double its scholarship and empowerment schemes in its host communities.

“We will continue to introduce more initiatives to support our host communities. Through these initiatives and our numerous Corporate Social Responsibility activities which are numerous to mention, DSR Numan will be able to touch the lives of the people, bringing social, economic, and infrastructural development to our host communities.

“We are thus committing over $700 million to our investment in the Backward Integration Programme (BIP) to enable us to put in place needed infrastructure for the eventual commencement of full-scale production.”

Aliko Dangote also assured that the Sugar will change the trajectory by making Nigeria self-sufficient in the sector, adding that already, the company has spent billions of naira in developing infrastructural facilities for host communities.

Speaking at the event, the Minister of Industry, Trade, and Investment, Otunba Adeniyi Adebayo described the Dangote Refinery as the biggest contributor to the sugar development stride of the Federal Government.

The Minister commended Aliko Dangote and the Management staff of Dangote Sugar for their massive support through the company’s corporate social responsibility scheme which he said should be highly commended.

He said that Agencies under his ministry will partner with the company to provide the technical know-how that will support the Dangote empowerment schemes in the host communities.

The Governor of Adamawa State, Umaru Fintiri who was represented by his Deputy, Crowther Seth said that he was amazed by the social-economic transformation carried out by the Dangote Group.

He assured the company of the support of the state government and enjoined other corporate bodies to emulate Dangote’s spirit of job creation across the country.

Speaking on behalf of the traditional rulers, Hama Bachama, Dr.. Daniel Shaga Ismail described Dangote as God-sent and pledged that his people would continue to support the company.

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