Business & EconomyDangote Sugar to expand production capacity

President of Dangote Group, Aliko Dangote said the company was embarking on Phase II of its sugar project, which will then cover over 100,000ha to make the sugar plant, the largest in Africa.

According to the business tycoon, Dangote Sugar Refinery Plc is planning to significantly reduce the importation of sugar into the country by 40 per cent, thus paving the way for the employment of over 30,000 youths.

Dangote said the integrated sugar complex to be located in Tunga, Awe Local Government Area of Nasarawa State, comprises 60,000ha sugar plantation and two sugar factories with the capacity to produce 430,000 tons of refined white sugar per annum.

Source: Dangote Sugar to expand production capacity – StocksWatch (stocksng.com)

Related Posts

15

Sep
Business & Economy

NGX ASI rebounds with 1.13% growth WtD, investors gain N985bn

The Nigerian stock market rebounded last week after four consecutive sessions of losses, posting a ₦985 billion gain on the back of price growth in 70 equities. The All-Share Index (ASI) advanced by 1.13%, closing at 140,545.69 points, compared to 138,980.01 points in the previous week. Similarly, market capitalization rose by 1.12% to settle at ₦88.922 trillion, […]