The President of Dangote Group, Aliko Dangote, has reaffirmed the conglomerate’s commitment to ending raw sugar importation in Nigeria with an investment exceeding $700 million in sugar production. Dangote, who spoke on Wednesday during the ‘Dangote Special Day’ at the ongoing 14th Gateway International Trade Fair in Abeokuta, Ogun State, said the group is accelerating its Sugar Backward Integration Plan …

The federal government has called on local and international investors to tap into the country’s sugar market estimated at $2 billion. Executive Secretary and CEO of the National Sugar Development Council (NSDC), Kamar Bakrin, who made the call, noted that Nigeria’s annual sugar consumption is about 1.4 to 1.6 million metric tonnes. Bakrin said that NSDC is embarking on the …