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Nigeria can save $700m annually through Sugar master plan — Dangote

THE National Sugar Master Plan could save Nigeria between $600m and $700m yearly if executed as designed, Chairman of the Dangote Sugar Refinery Plc, Aliko Dangote, has stated.

According to a statement released by the company, Dangote said the backward integration component of the plan could earn the amount in foreign exchange.

He therefore advised that the BIP scheme must be protected to help the Nigerian economy achieve the local manufacturing and job creation objectives.

“If the national sugar master plan is followed strictly and the players all follow the rules, the country will be better for it,” he said.

Dangote added that efforts were being made to impact positively on the host communities, saying his companies had expended billions of naira in states where their investments were located.

The statement quoted a statement from the Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, during a tour of Dangote’s Savanna Sugar Company Limited in Adamawa as saying, “What we’ve seen so far from all the plantations we’ve been to are very impressive. We are impressed with the level of work they are doing.”

Also speaking on the Master plan, the General Manager for the BIP, Dangote Sugar, John Beverley, said when the factory was fully operational, it would have the capacity to crush 12,000 tonnes of cane per day, while 90 megawatts of power would be generated for both the company’s use and host communities.

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