Dangote to invest N106 billion in sugar refining

Dangote Sugar Refinery has said the company would invest N106 billion in the next six years in achieving its Backward Integration Programme (BIP) and making Nigeria, sugar self-sufficient.

Addressing the capital market community at the company’s facts behind the figure, on Tuesday in Lagos, the  acting Group Managing Director of Dangote Sugar, Engr. Abdullahi Sule said Dangote Sugar will commence its phase two sugar master plan and the company will be investing N106 billion in achieving it.

According to him, the company will be acquiring five large sugar factories, 108,000 Hacters of land under cultivation, 1.08 million MT/PA of refined sugar from locally grown sugar can per annual. He also said that 130 million litres of.

Ethanol potential across all sites, animal feed and surplus power generation capacity to be sourced from cane fiber and generate over 75, 000 jobs to be achieved under its six years second phase master plan.