Dangote Sugar Refinery to receive fresh N106bn investment

Aliko Dangote
Chairman, Dangote Group

Dangote Sugar Refinery is set to receive a whopping investment of N106 billion over the next four to six years as part of an effort to boost the Dangote Group's profitability and enhance the payment of dividends.

Aliko Dangote, Chairman of the Dangote Group, disclosed this to shareholders at the 11th Annual General Meeting of the company in Lagos recently.
As part of the investment, Dangote Sugar Refinery will purchase equipment, conduct land studies and surveys as well as carry out sensitization campaigns in local communities. Dangote said the rest of the investment will be used for the rehabilitation and expansion of the Savannah Sugar Company, the sugar division of Dangote Industries Limited.


According to Dangote, the company aims at producing 1.5 million tonnes of refined sugar from local input in the next six years and in this regard will continue the effective management of its resources to achieve the target. 

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