Dangote, Nasarawa sign $700m MoU on sugar refinery

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President/ Chief Executive of Dangote Group, Aliko Dangote GCON and Nasarrawa State Governor, Tanko Al- Makura signing the Mou at the Headquaters of the National Sugar Development Council, Sugar House, yesterday

Dangote Sugar and the Nasarawa state Government have signed a Memorandum of Understanding (MoU) on establishment of a sugar refinery worth $700m in the State.

The signing ceremony took place at the National Sugar Development Council, Sugar House, Abuja, on Thursday.

President/CE, Dangote Group, Alhaji Aliko Dangote, said the integrated sugar complex to be located in Tunga, Awe Local Government Area of Nasarawa State, comprises 60,000ha of sugar plantation and two sugar factories, with capacity to produce 430,000tpa of refined white sugar, representing about 30 per cent of the country’s consumption and would be the largest plant in Nigeria.

The sugar project would also provide 30,000 jobs for the teaming youths in Nasarawa State.

Dangote said Phase II of the project, when extended to cover 100,000ha, will make the sugar plant, the largest in Africa.

Dangote Group has already committed N250million for community development of Tunga in line with its corporate social responsibility initiative to improve the people’s well-being.

He said the project is to further align Dangote Group with the present government’s policy of diversifying the economy.

Governor of Nasarawa State, Tanko Al-Makura, said the giant multi-billion naira investment by Dangote was a significant milestone in the history of the people, the state and Nigeria in general.

He commended Dangote, who was conferred with the title of “Jarman Tunga” by the royal father of Tunga community, Alhaji Bala Ibrahim Galadima, for the gesture.

In his welcome address, Executive Secretary, National Sugar Development Council, Dr. Latif D. Busari, expressed hope that the sugar agreement contained clauses that would shield its execution from political interference which most projects had suffered from in recent times.

 

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