The Dangote Sugar Refinery Plc management has stated that it would spend $700m for its sugar projects as a part of the Federal Government’s policy to make Nigeria self-sufficient in sugar production.
The company on Sunday issued a statement stating that it disclosed this to the visiting members of the Nasarawa House of Assembly on Friday.
Nigeria was one of the sub-Saharan Africa’s largest importers of the sugar followed by South Africa and with importing over $337m, said the company.
The Dangote Sugar management assured the lawmakers that with the completion of its sugar projects in Nasarawa and Adamawa under the BIP, the nation would be saved more than half of the forex expended on sugar imports annually.
John Beverley, General Manager, BIP, Dangote Sugar said that the factory once fully operational will be able to crush 12,000 tonnes of cane per day and will generate 90MW power.