The Dangote Group yesterday signed a Memorandum of Understanding (MoU) with the Niger State Government for the establishment of a state-of-the art and fully integrated sugar complex worth of N166 billion.
President of the Dangote Group Aliko Dangote signed on behalf of his group, while Governor Abubakar Sani Bello signed for Niger State.
In his address after signing the pact, the President of Dangote Group said the proposed project would generate over 15,000 jobs in the state.
According to him, the new deal would see the company producing raw sugarcane on 16,000 hectares of land at Lavun Local Government through an out grower scheme.
He disclosed that the integrated sugar project in Niger State would also include the establishment of integrated sugar mills, generate power, produce molasses, ethanol fuel, biomass and produce animal feeds.
He also revealed that the integrated sugar mills would have the capacity to produce 160,000MT of raw sugar.
Dangote said the investment was informed by the group’s believe in the potentials of the Nigerian economy, adding that the new investment would add value and create jobs for Nigerians.
He said the Dangote Sugar Refinery was developing a sugar backward integration plan through the production of 1.5MT/PA in 10 years in Nasarawa, Adamawa, Kogi, Kwara, Taraba and Niger states.
He also announced that the group was investing over $1 billion in the agricultural sector in the country, specifically in rice, sugar, tomato and dairy.
He commended the governor for his foresightedness and efforts to woo investors to Niger State.
Responding, Governor Sani Bello said the deal would revolutionize agriculture in his state, adding that the effort was a culmination of the investment drive by the All Progressives Congress (APC)-led administration in the state.
The representative of the Minister of Industry, Trade and Investment, Alhaji Aminu Bisala, said Dangote was the biggest private sector supporter of the Nigerian economy and Federal Government’s policies.
He said the Federal Government was comfortable with the numerous investment efforts of the Dangote Group.
On his part, the Chairman of the Niger State Traditional Council and Etsu Nupe, Alhaji Abubakar Yahyah, said he was elated about the huge investment coming to his state while praying Allah to bless Dangote Group.
Source: Daily Trust