Pan African Conglomerate, Dangote Group has signed a Memorandum of Understanding (MoU) with the Niger State Government for the establishment of a $450 million jumbo state-of–art sugar complex.
This is in a move to ensure self-sufficiency in sugar production through the government’s backward integration policy.
The $450 million pact will see the company produce raw sugarcane on a 16,000 hectares of land at Lavun Local Government through an out-grower scheme.
According to the President of the Group Aliko Dangote, the project will generate over 15,000 jobs in the state and bring about a complete economic turn-around for the state.
Dangote noted that his investment was informed by his Company’s firm belief in the potentials of the Nigerian economy, adding that the new outlay will add value and create jobs for Nigerians.
“The Dangote’s Integrated Sugar Project in Niger State will also include the establishment of integrated sugar mills, generate power, produce molasses, ethanol fuel, biomass and produce animal feeds,” he said.
Group Managing Director of Dangote Sugar Plc, Abdullahi Sule added that the integrated sugar mills will have the capacity to produce 160,000MT of raw sugar.
The company, is currently operating an out-grower scheme in rice production in a number of states, and has Africa’s largest sugar refinery in Lagos and a sugar cane plantation in Numan, Adamawa State.