Dangote Group invests over $700m in sugar production to end raw sugar importation, boost exports, and drive Nigeria’s economic diversification
[dropcap]D[/dropcap]angote Group has reaffirmed its commitment to ending raw sugar importation in Nigeria with a massive investment exceeding $700 million in sugar production.
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The initiative is part of the conglomerate’s broader strategy to drive economic diversification and self-sufficiency in manufacturing.
Speaking at the ‘Dangote Special Day’ during the 14th Gateway International Trade Fair in Abeokuta, Ogun State, Dangote Group President Aliko Dangote—represented by the Regional Director for Lagos/Ogun Dangote Cement, Tunde Mabogunje—highlighted the company’s progress in its Sugar Backward Integration Plan.
“We are actively executing the Sugar Backward Integration strategy and have committed over $700 million to land acquisition, machinery, infrastructure, manpower, community relations, and corporate social responsibility initiatives to ensure Nigeria ends raw sugar importation,” Mabogunje stated.
Beyond sugar production, Dangote Group has also commenced the export of fertiliser to various countries, including France, the United States, Mexico, Uruguay, Argentina, and African nations such as Benin Republic, Zambia, and Cameroon.
Additionally, the Dangote Refinery has started exporting refined petroleum products, reinforcing its role in reducing Nigeria’s dependence on imported fuel. Its cement production investments across Nigeria and over 10 African countries have further strengthened export financing opportunities.
“As a conglomerate driving Nigeria’s economic diversification, we will continue to explore opportunities in the manufacturing sector to replace imports, create jobs, and support economic growth,” Mabogunje added.
The Speaker of the Ogun State House of Assembly, Oludaisi Elemide, praised Dangote Group’s contributions to Nigeria’s economy and encouraged the company to enhance its environmental sustainability efforts.
Dangote expressed optimism that the trade fair would help expand market reach, create jobs, and foster economic growth.
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“We are confident that this longstanding partnership with OGUNCCIMA will not only benefit our businesses but also contribute to the broader economic development of Nigeria and Africa,” he concluded.
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