Dangote Commits $700 Million to End Nigeria’s Sugar Importation — A Bold Step Toward Industrial Self-Sufficiency
Massive Investment to Strengthen Nigeria’s Sugar Industry
Dangote Sugar Refinery has announced a $700 million investment aimed at ending Nigeria’s dependence on imported raw sugar.
The funds are being channeled into land acquisition, advanced machinery, infrastructure, workforce development, community engagement, and corporate social responsibility (CSR) initiatives — all geared toward achieving full sugar backward integration.
This announcement was made by Ravindra Singhvi, Group Chief Executive Officer of Dangote Sugar Refinery, during Dangote Group’s Special Day at the ongoing Lagos International Trade Fair.
Singhvi explained that the company is not only strengthening local production capacity but also expanding its product line by unveiling new Stock Keeping Units (SKUs) in sizes of 100g, 250g, 500g, and 1kg to meet the diverse needs of Nigerian consumers.
Driving Industrialisation and Economic Diversification
Fatima Aliko-Dangote, the Group Executive Director for Commercial Operations, reaffirmed the company’s unwavering commitment to Nigeria’s full industrialisation.
Represented by Funmi Sanni, Group Head of Sales and Marketing at Dangote Cement, she highlighted that industrialisation remains the most effective path to economic diversification, job creation, and value addition to local materials.
She also revealed that the Dangote Petroleum Refinery is set to expand capacity from 650,000 barrels per day (b/d) to 1.4 million b/d by 2028, signaling a long-term commitment to energy independence.
Beyond sugar and petroleum, Dangote Fertiliser Limited and Dangote Polypropylene are also undergoing expansions to strengthen their contributions to the domestic economy.
Expanding Across Africa
Fatima Aliko-Dangote further disclosed an ongoing $2.5 billion partnership between Dangote Group and Ethiopian Investment Holdings (EIH) to establish a three-million-tonne urea fertiliser production complex in Gode, Ethiopia.
Once completed, this project is expected to create thousands of direct and indirect jobs, enhance agricultural productivity, and deepen regional trade ties within Africa.
Commendations from the Lagos Chamber of Commerce and Industry (LCCI)
The President of LCCI, Gabriel Idahosa, lauded the Dangote Group for its consistency and resilience, especially during challenging economic periods.
He described the conglomerate as a beacon of innovation and industrial excellence, commending its sustained efforts in job creation, infrastructure investment, and local value addition.
Idahosa emphasized that Nigeria’s economic transformation depends on visionary industrial leadership, public-private collaboration, and strategic investment in technology and human capital — all values embodied by the Dangote Group.
Key Takeaway
Dangote’s $700 million sugar initiative represents more than an investment — it’s a strategic push toward national self-reliance, reduced import dependency, and industrial diversification.
By boosting local production, creating jobs, and expanding regional partnerships, Dangote is helping position Nigeria as a major player in Africa’s manufacturing and agro-industrial landscape.
Massive Investment to Strengthen Nigeria’s Sugar Industry
Dangote Sugar Refinery has announced a $700 million investment aimed at ending Nigeria’s dependence on imported raw sugar.
The funds are being channeled into land acquisition, advanced machinery, infrastructure, workforce development, community engagement, and corporate social responsibility (CSR) initiatives — all geared toward achieving full sugar backward integration.
This announcement was made by Ravindra Singhvi, Group Chief Executive Officer of Dangote Sugar Refinery, during Dangote Group’s Special Day at the ongoing Lagos International Trade Fair.
Singhvi explained that the company is not only strengthening local production capacity but also expanding its product line by unveiling new Stock Keeping Units (SKUs) in sizes of 100g, 250g, 500g, and 1kg to meet the diverse needs of Nigerian consumers.
Driving Industrialisation and Economic Diversification
Fatima Aliko-Dangote, the Group Executive Director for Commercial Operations, reaffirmed the company’s unwavering commitment to Nigeria’s full industrialisation.
Represented by Funmi Sanni, Group Head of Sales and Marketing at Dangote Cement, she highlighted that industrialisation remains the most effective path to economic diversification, job creation, and value addition to local materials.
She also revealed that the Dangote Petroleum Refinery is set to expand capacity from 650,000 barrels per day (b/d) to 1.4 million b/d by 2028, signaling a long-term commitment to energy independence.
Beyond sugar and petroleum, Dangote Fertiliser Limited and Dangote Polypropylene are also undergoing expansions to strengthen their contributions to the domestic economy.
Expanding Across Africa
Fatima Aliko-Dangote further disclosed an ongoing $2.5 billion partnership between Dangote Group and Ethiopian Investment Holdings (EIH) to establish a three-million-tonne urea fertiliser production complex in Gode, Ethiopia.
Once completed, this project is expected to create thousands of direct and indirect jobs, enhance agricultural productivity, and deepen regional trade ties within Africa.
Commendations from the Lagos Chamber of Commerce and Industry (LCCI)
The President of LCCI, Gabriel Idahosa, lauded the Dangote Group for its consistency and resilience, especially during challenging economic periods.
He described the conglomerate as a beacon of innovation and industrial excellence, commending its sustained efforts in job creation, infrastructure investment, and local value addition.
Idahosa emphasized that Nigeria’s economic transformation depends on visionary industrial leadership, public-private collaboration, and strategic investment in technology and human capital — all values embodied by the Dangote Group.
Key Takeaway
Dangote’s $700 million sugar initiative represents more than an investment — it’s a strategic push toward national self-reliance, reduced import dependency, and industrial diversification.
By boosting local production, creating jobs, and expanding regional partnerships, Dangote is helping position Nigeria as a major player in Africa’s manufacturing and agro-industrial landscape.