Dangote Sugar Refinery (DSR) Plc has unveiled plans to generate not less than 100,000 jobs and 1.5 million metric tonnes of locally refined sugar in its 10-year master plan for self-sufficiency in sugar production in Nigeria.
Under the strategy, the first phase, which runs through a five year period:
- It would involve the selection and development of five areas in the country which include a 32 hectares of land in savannah, Adamawa state, Taraba, Jigawa, kogi, and Kebbi state, while the second phase also involved the expansion of savanna and rehabilitation of Guyuk Greenfield in Adamawa state.
- The 10- year master plan, when completed, would boost backward integration, discourage the importation of sugar and increase the nation’s revenue base through exportation of other products from cane extracts.
- Out of the 1.7 metric tones government target, Dangote Sugar would do 1.5 metric tonnes
- Instead of importing raw sugar from brazil, it would be refined here, on various sites in Nigeria already identified by agency of government of Nigeria to produce sugar.
- Five sites have been selected – one of the site is the savanna 32 hectare of land in Adamawa, another site is in Taraba, and another site in Jigawa, kogi, Kebbi.
- From these areas, 130 million ethanol, power, employment and animal feeds will be generated.
- To fund the projects, the company would expend about N106 billion on the project, with 20 per cent of the fund raised through equity.
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