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Dangote Targets 2m Metric Tons of Sugar

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  • Dangote Targets 2m Metric Tons of Sugar Annually

The Dangote Sugar Refinery Plc, a member of Dangote Group, on Monday said it plans to produce between 1.5 and 2 million metric tons of refined sugar annually from locally produced sugarcane.

The Acting Group Managing Director, Mr. Abdullahi Sule, made the disclosure at the 2016 World Food Day celebrations organised by Lagos State Government.

Sule, who was represented by the company’s manager, Mr. Braimah Ogunwale said that the target was in line with its backward integration master plan.

He said, “Our efforts are geared towards the achievement of our backward integration projects master plan to produce 1.5 to 2 million metric tons of refined sugar annually from locally grown sugarcane within the next 10 years.

“We have acquired and currently rehabilitating Savannah Sugar Company Ltd, Numan, Adamawa State to bring it to its full potential.

“Also, we are in the process of acquiring various sites across the country for our Greenfield Sugar projects, though very challenging, but we are focused on this goal.”

Dangote Sugar Refinery sponsored this year’s Schools Agriculture Quiz Competition in Lagos to mark the World Food Day, which was won by Keke Senior High School, Agege.

Sule commended the efforts of the Lagos State Government’s towards ensuring food security, and implored it to engage the youths on new innovations.

(NAN)

 

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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