Africa’s richest man and Chairman of Dangote Group, Aliko Dangote, has stated that Nigeria can save N700 million annually in foreign exchange if the country enforces strict implementation of its sugar master plan.
He disclosed this in a statement on Monday, during a facility tour by some businessmen, where he pointed out that proper backward integration is needed to follow the country’s sugar plan, creating jobs through local manufacturing.
Dangote added that efforts were being made to impact positively on the host communities, citing investments made by his companies in that regard.
According to him, the Corporate Social Responsibility (CSR) projects undertaken by his companies were in addition to efforts by his Foundation, Aliko Dangote Foundation, which was presently giving out micro-grants to vulnerable women in all the 774 local governments of the country.
Meanwhile. General Manager for the Backward Integration Programme, Dangote Sugar, John Beverley, said when the factory becomes fully operational, it would have the capacity to crush 12,000 tons of cane per day, and that 90MW power would be generated for both the company’s use and host communities.
