The President of Dangote Group, Aliko Dangote, has said the company is committed to ensuring that Nigeria ends the importation of raw sugar by “actively intensifying its execution of the Sugar Backward Integration.”
Dangote said the group has committed over $700 million to land acquisition, machinery, infrastructure, manpower, and other impactful activities to boost local production.
He spoke on Wednesday in Abeokuta, Ogun State, during the ‘Dangote Special Day’ at the ongoing 14th Gateway International Trade Fair.
Represented by Tunde Mabogunje, Regional Director, Lagos/Ogun, Dangote Cement, the industrialist maintained that Dangote Sugar, as a leading brand, has made a remarkable impact on Nigeria’s sugar sector.
He said: “The company is committed to ensuring that Nigeria ends the importation of raw sugar by actively intensifying its execution of the Sugar Backward Integration. In this regard, it has committed over $700 million to land acquisition, machinery, infrastructure, manpower, community relations, corporate social responsibility, CSR, and other impactful activities.
“Similarly, to support the government in food security, we are also investing in the agricultural sector. These agricultural products will soon be in the market.”
Speaking on the trade fair, he said, “Our expectations, therefore, are that through this trade fair, we will be able to expand awareness of our innovative products, generate sales, attract prospective buyers, improve the image of our brands, and open new markets that will further translate to job creation and overall economic development.
“We are confident that this longstanding partnership with OGUNCCIMA will not only be beneficial to both of us but also to Nigeria and, indeed, the African economy as a whole.”
Meanwhile, the Speaker of the Ogun State House of Assembly, Oludaisi Elemide, applauded Dangote Group for its various interventions and urged the company to improve its environmental friendliness.
