The management of Dangote Sugar Refinery Plc, a company belonging to the richest Black man has announced a commitment fund of over $700m to help the government boost efforts towards the Backward Integration Policy instituted to make Nigeria self-sufficient in sugar production.
The company made this declaration following an official visit by a number lawmakers to monitor progress of his projects; Figures released by Dangote’s outfit rates Nigeria’s annual Sugar import at $337m, making the country one of sub-Saharan Africa’s largest importers of sugar.
However, in a very promising statement, Dangote Sugar Refinery Plc assured the visiting team that, the yet to be completed sugar projects in Nasarawa and Adamawa will boost national production and also help reduce imports drastically.
The company told the team that, the facility which covers a land area of 78,000 hectares will be considered Africa’s largest refinery once the face two of the project is completed.
John Beverley who is the General Manager for Dangote relating to the Backward Integration Policy revealed that, at full capacity, the facility will crush 12,000 tons of cane per day and also generate 90MW power to light the surrounding communities and also support company operations.
Apart from this, road networks would be constructed for easy transportation of both raw materials and finished products to and fro the company and also boost mobility in the adjoining communities.
The Speaker of the Nasarawa State House of Assembly, Ibrahim Abdullah, together with his team of lawmakers commended the company and Dangote for the contribution to national progress, efforts as well as the speed of work in hope of a successful future.