Home Business Dangote, Niger State seal N166 billion pact on sugar production

Dangote, Niger State seal N166 billion pact on sugar production

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In its drive for self-sufficiency in sugar production, the Dangote Group on Wednesday, signed a Memorandum of Understanding (MoU) with Niger State Government for the establishment of a N166 billion state-of–art and fully integrated sugar complex.

On completion, 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. The $450 million pact, which was signed at the Government House in Minna, will see the company producing raw sugarcane on 16,000 hectares of land at Lavun Local Government Area, through an out-grower scheme.

The Company, which is currently operating out-grower scheme in Rice production in a number of states, has the Africa’s largest sugar refinery in Lagos, and a sugar cane plantation in Numan, Adamawa State. Dangote said his investment was informed by his Company’s firm belief in the potential of the Nigerian economy, adding that the new outlay will add value and create jobs for Nigerians

 

 

 

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