Dangote signs N166bn sugar production agreement with Niger State

Dangote Group has signed a Memorandum of Understanding (MoU) with Niger State Government for the establishment of a N166 billion ($450 million) state-of–the-art and fully integrated sugar complex.
 
Aliko Dangote
President, Dangote Group
Aliko Dangote, President of the Group, the project will generate over 15,000 jobs and bring about a complete economic turn-around for Niger State when completed.

The pact, which was signed at the Government House in Minna, will see the company producing raw sugarcane on 16,000 hectares of land at Lavun Local Government Area, through an out-grower scheme.

The Company, which is currently operating out-grower scheme in rice production in a number of states, currently owns Africa’s largest sugar refinery in Lagos, and a sugar cane plantation in Numan, Adamawa State.

Dangote said his investment was informed by a firm belief in the potential of the Nigerian economy, adding that the new outlay will add value and create jobs for Nigerians.

In his remarks, Governor Abubakar Sani Bello said the deal will revolutionise agriculture in his state and Nigeria. Expressing joy that the MoU was signed during his own administration, he described Dangote as the liberator of the Nigerian economy, and a dependable partner.

He urged Dangote Group to explore other investment opportunities available in the state, just as he announced that the state is open to multi-sectoral investments.


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