The Dangote Group has reaffirmed its commitment to stopping raw sugar importation in Nigeria by investing over $700 million in sugar production. The company aims to strengthen local manufacturing and reduce the country’s dependence on imported sugar.
Speaking on Wednesday at the 14th Gateway International Trade Fair in Abeokuta, Ogun State, the President of Dangote Group, Aliko Dangote, stressed the importance of the company’s Sugar Backward Integration Plan. The initiative is focused on increasing local sugar production to meet Nigeria’s growing demand.
Dangote, who was represented at the event by Tunde Mabogunje, Regional Director of Lagos/Ogun Dangote Cement, stated, “We are actively executing the Sugar Backward Integration strategy and have committed over $700 million to land acquisition, machinery, infrastructure, manpower, community relations, and corporate social responsibility initiatives to ensure Nigeria ends raw sugar importation.”
Beyond sugar, Dangote Group has also expanded its operations to international markets. The company has started exporting fertiliser to countries such as France, the United States, Mexico, Uruguay, Argentina, and several African nations, including Benin Republic, Zambia, and Cameroon.
In addition, the Dangote Refinery has begun exporting refined petroleum products. The company’s cement production investments across Nigeria and more than ten African countries have also helped drive export financing.
Dangote further noted that the company remains committed to supporting Nigeria’s economic growth by creating job opportunities and boosting local industries. “As a conglomerate driving Nigeria’s economic diversification, we will continue to explore opportunities in the manufacturing sector to replace imports, create jobs, and support economic growth,” he stated.
He also expressed confidence that the trade fair would provide greater exposure for the company’s products, expand its market presence, and contribute to job creation and economic development.
“We are confident that this longstanding partnership with OGUNCCIMA will not only benefit our businesses but also contribute to the broader economic development of Nigeria and Africa,” he added.
