Group renews commitment to Nigeria’s economic diversification agenda
By Ada Anioji
Taking its agricultural cultivation and economic diversification commitments a step further, the Dangote Group has signed a Memorandum of Understanding, MoU with the Nassarawa State Government in respect of the establishment and running of a Sugar Plantation in the state.
The operation, the Tunga project comprises of a 60,000ha sugar plantation and two 430,000tpa sugar factories for refined white sugar. At the moment, this represents 30% of Nigeria’s national sugar consumption today and will be the largest sugar plant in Nigeria.
Going forward however, the proposed expansion of the Tunga plantation to 100,000ha during the second phase of the project will make it the largest sugar plant in Africa.
According to a tweet on the group’s twitter handle, the development is yet another milestone in the group’s commitment to supporting Nigeria’s economic diversification agenda.
‘Another milestone as @Dangote_Sugar sign a MoU w/Nasarawa State Govt. for an integrated sugar complex in Tunga. #EconomicDiversification’
Alhaji Aliko Dangote, Chairman of the Dangote Group is Africa’s richest man, with investments spanning, agriculture, petrochemicals, cement manufacturing and trading.
He was recently co-opted into the Federal Government’s Industrial Policy and Competitiveness Advisory Council.
Africa’s richest man, Aliko Dangote