$700m Investment To End Sugar Importation – Dangote

The President of Dangote Group, Aliko Dangote, has reiterated the company’s commitment to ending raw sugar importation in Nigeria through significant investments in local production.

Speaking at the ongoing 14th Gateway International Trade Fair in Abeokuta, Ogun State, Dangote, disclosed that the company has committed over $700m to land acquisition, machinery, infrastructure, manpower, and other key areas to drive sugar production.

“The company is committed to ensuring that Nigeria ends the importation of raw sugar into the country by actively intensifying its execution of the Sugar Backward Integration,” he said.

“In this regard, it has committed over $700m to land acquisition, machinery, infrastructure, manpower, community relations, corporate social responsibility (CSR), and other impactful activities.”

Represented by Regional Director, Lagos/Ogun, Dangote Cement, Tunde Mabogunje, Dangote also highlighted the group’s contribution to food security, noting ongoing investments in the agricultural sector, with products set to hit the market soon.

Beyond sugar production, Dangote Group plays a crucial role in export financing, particularly in the cement and fertilizer industries.

“With operations in over 10 African countries, the group has facilitated the export of cement from Nigeria to other African markets. Dangote Fertiliser has also exported several shiploads of fertiliser to France, the USA, Mexico, Uruguay, and Argentina, as well as to African countries, including the Republic of Benin, Zambia, Cameroon, South Africa, Côte d’Ivoire, and Mozambique,” he added.

He also reaffirmed the company’s commitment to its longstanding partnership with the Ogun Chamber of Commerce, Industry, Mines, and Agriculture (OGUNCCIMA), emphasizing its broader impact on Nigeria and Africa’s economy.

The industrialist further noted that the Dangote Petroleum Refinery has begun exporting refined petroleum products, strengthening Nigeria’s position in regional trade.

“We expect that through this platform, we will expand awareness of our innovative products, generate sales, attract prospective buyers, improve our brand image, and open new markets that will translate to job creation and economic growth,” he noted

$700m Investment To End Sugar Importation – Dangote is first published on The Whistler Newspaper