Dangote commits $700 million to end Nigeria’s sugar importation
Dangote Sugar Refinery has invested over $700 million in land, machinery, infrastructure, manpower, and CSR to end Nigeria’s raw sugar imports. At the Lagos Trade Fair, CEO Ravindra Singhvi unveiled new SKUs. Fatima Aliko-Dangote reaffirmed expansion plans, while LCCI President Gabriel Idahosa praised Dangote’s industrial leadership and economic impact.
Dangote Sugar Refinery said it has committed over $700 million in land acquisition, machinery, infrastructure, manpower, community relations, corporate social responsibility (CSR) and other impactful activities to ensure Nigeria ends the importation of raw sugar into the country.
Unveiling its Stock Keeping Units (SKUs) during Dangote Group’s Special Day at the ongoing Lagos International Trade Fair, yesterday, Group Chief Executive Officer of Dangote Sugar Refinery, Ravindra Singhvi, said the conglomerate is intensifying its execution of the sugar backward integration.
He said the SKUs, as part of its food subsidiaries, come in sizes of 100g, 250g, 500g and 1kg.
Dangote Group Executive Director, Commercial Operations, Fatima Aliko-Dangote, expressed the firm’s commitment to full industrialisation of Nigeria, stating that it remained the best approach to adding value to its materials, diversifying the economy, promoting the rise of ancillary industries, and creating jobs for the teeming youth population.
Represented by Group Head, Sales and Marketing Director, Dangote Cement Plc, Funmi Sanni, she highlighted some of its achievements during the period, saying the group is expanding the Dangote Petroleum Refinery’s capacity from 650,000 b/d to 1.4mn b/d by 2028.
According to her, Dangote Fertiliser Limited and Dangote Polypropylene are to be expanded to increase their contribution to the domestic economy.
She said the $2.5 billion, three-million-tonne urea fertiliser production complex project, in Gode, Ethiopia, between the Dangote Group and Ethiopian Investment Holdings (EIH), when completed, will generate thousands of direct and indirect jobs in the country while at the same time boosting agricultural output.
She added that the theme of this year’s trade fair, ‘Connecting Businesses, Creating Value’, was both timely and highly appropriate, as it encapsulates the Chamber’s strategic vision of bringing together many stakeholders, manufacturers, suppliers, distributors, and consumers in the same location for a full week.
President and Chairman of the Council of the Lagos Chamber of Commerce and Industry (LCCI), Gabriel Idahosa, said the gathering was a celebration of vision, resilience, and impact, noting that the Dangote Group stands as a beacon of industrial excellence, innovation, and strategic foresight.
He said over the years, especially during phases of economic challenges and uncertainty, the organisation has been a pillar of stability, by sustaining operations, safeguarding jobs, and investing in critical infrastructure and local supply chains.
According to him, Dangote Group has not only preserved livelihoods but also bolstered confidence in the Nigerian economy.
“As we navigate the complexities of a rapidly evolving global economy, the role of visionary industrial leadership is crucial. Today underscores the importance of public-private collaboration, strategic investment in human capital and technology, and inclusive industrial policies that strengthen Nigeria’s competitiveness. These pillars are central to transforming potential into measurable national growth,” he said.
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Source : The Guardian
