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Dangote to Create 30,000 Jobs, Reduce Sugar Importation as Phase II Sugar Project Commences

Dangote Sugar Refinery on Tuesday announced plans to reduce sugar importation by 40% as it embarks on Phase II of its sugar project.

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Dangote Sugar Refinery on Tuesday announced plans to reduce sugar importation by 40% as it embarks on Phase II of its sugar project.

President of Dangote Group, Aliko Dangote said in a statement made available to the press.

According to Dangote, Phase II will cover over 100,000ha to make the sugar plant the largest in Africa and create over 30,000 jobs for Nigerian youths.

Explaining the size of the sugar complex, Dangote said the integrated sugar complex would be located in Tunga, in Nasarawa State. It comprises of 60,000ha sugar plantation and two sugar factories with the capacity to produce 430,000 tonnes of refined white sugar per annum.

It stated that “According to the Trade Data Monitor, Brazil’s cumulative raw sugar exports to Nigeria in 2020/21 season was 1.62 million tonnes, while domestic cane sugar production has slumped from 75,000 tonnes to 70,000 tonnes, about 6.7 per cent decline within one year.”

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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