This decision resonates strongly with the objectives of President Bola Ahmed Tinubu’s Eight-Point Agenda.
Browsing: Dangote Sugar Refinery Plc
Chairman of the Company, Aliko Dangote said: “The shareholders are very happy with the way we have been running their company and also in re-investing the profit into the Backward Integration Programme (BIP) for the sugar industry. We are going to play our part in ensuring that Nigeria becomes self-sufficient in sugar within a very short period. We are not the only players, but we will surely play our part. We should be able to produce over 170,000 tonnes which are by far, in the history of Nigeria, the highest to be produced locally.”
The Group is investing hugely in raw sugar production as part of the Federal Government Sugar Master Plan.
Dangote made this disclosure recently while receiving in his office some businessmen who were on a visit to Dangote Sugar in Lagos.
The Chairman, Dangote Sugar Refinery, Aliko Dangote, said this at the company’s 15th Annual General Meeting on Thursday in Lagos.
The position of the company, made known by its Group Managing Director, Ravindra Singhvi, followed the release of a letter it purportedly authored with Flour Mills of Nigeria to the Minister of Industries, Adeniyi Adebayo, by the BUA Group on Thursday.
The sugar group also posted increase in sales volume, which rose by 6.9 per cent from 684,487 tonnes to 731,701 tonnes.