Friday, December 3

Tag: sugar production

Dangote Commits $700 Million To Sugar Production
Business

Dangote Commits $700 Million To Sugar Production

The management of Dangote Sugar Refinery Plc has said it is committing over $700m to its sugar projects to support the Backward Integration Policy of the Federal Government to make Nigeria self-sufficient in sugar production. According to a statement issued on Sunday by Dangote Industries Limited, the company disclosed this to visiting members of the Nasarawa House of Assembly on Friday. The company noted that Nigeria was one of the sub-Saharan Africa’s largest importers of sugar, second only to South Africa with an annual import of over $337m. The Dangote Sugar management however 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. ...
Sugar: Dangote Can Do More, BUA Has Not Done Enough – Chika Mbonu
Business

Sugar: Dangote Can Do More, BUA Has Not Done Enough – Chika Mbonu

Chika Mbonu, an analyst on Arise TV’s business report, this morning took a quick drive into the current national conversation on local sugar production. The analyst took viewers through the key details of the plan while assessing the performance of all three stakeholders. His conclusion is the passion and drives that Dangote Sugar displays towards its refining business must be replicated in expanding its sugar production business. While acknowledging that Dangote actually has an operational sugar mill in Adamawa, Chika felt it should be much bigger right now, given Dangote’s profile. On BUA, He noted that there were gaps in the figures reported by BUA in its latest performance report and the satellite images obtained Arise TV. These satellite photos actually show that BUA has not...

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