NSMP: Dangote Sugar scales up $700m investment

PRESIDENT of the Dangote Group Aliko Dangote has said the Dangote Sugar Refinery (DSR) Plc is significantly scaling up its investment in the sugar sub-sector in line with the requirement of the Nigeria Sugar Master Plan (NSMP).

At the flag-off of the 2022/2023 Crushing Season and Outgrower Scheme Awards in Numan, Adamawa State, Dangote said the company was making massive investments in Adamawa State through the expansion of DSR Numan Sugar Refining capacity from 3,000 tonnes of cane per day (tcd) to 6,000 tcd, 9,800 tcd and to 15,000 tcd.

Noting that increasing the sugar refining capacity would require a corresponding increase in sugarcane production capacity, Dangote the company had concluded plans to increase its sugar plantation from the current land area under cane production of about 8,700 hectares in 2022 to about 24,200 hectares within the next seven years. He also assured that the company will double its scholarship and empowerment schemes in its host communities.

“We will continue to introduce more initiatives to support our host communities. Through these initiatives and our numerous Corporate Social Responsibility activities, DSR Numan will be able to touch the lives of the people, bringing social, economic, and infrastructural development to our host communities,” Dangote said.

He continued, “We are thus committing over $700 million to our investment in the Backward Integration Programme (BIP) to enable us to put in place needed infrastructure for the eventual commencement of full-scale production.”

Dangote assured that the sugar company would change the trajectory by making Nigeria self-sufficient in the sector.

Already, the company, he noted, has spent billions of naira in developing infrastructural facilities for host communities.

At the event, the minister of industry, trade and investment, Otunba Adeniyi Adebayo, described the Dangote Sugar Refinery as the biggest contributor to the sugar development stride of the federal government.

The minister commended Dangote and the management staff of Dangote Sugar for their massive support through the company’s corporate social responsibility scheme, which he said should be highly commended.

Blaming the worsening security situation in the country on youth unemployment, he urged the government to allocate more land to developers for them to create jobs for the youths.

Also speaking, the Vice Chairman, River Park Estate, Dr Adrian Ogun, said that the issuance of C of O to residents would help to “unlock the equity inside the property to do more business. “It means we are moving forward, and we’re making a contribution to bridging the housing deficit in the country.”

River Park Estate uniquely located along Airport Road is one of the foremost estates in Abuja. It has well-laid out streets and state-of-the-art buildings, a functional police station and 24-hour security. It also has an 18-hole golf course and a shopping complex among other modern facilities.

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