Alhaji Aliko Dangote is set to establish a $450 Million sugar industry in Niger state.
The President of Dangote group has thus signed a Memorandum of Understanding (MoU) with the Niger state government to that effect.
According to Dangote, “Dangote Group is a firm believer in the vast economic potential of Nigeria. We have decided to invest in local sugar production in Niger because of the vast arable land available in the state”
The sugar industry is to be situated at Lavun in Niger state with about 16,000 hectares of land to be cultivated for sugar plantation. The raw materials from this sugar plantation would also be further supplemented with an out-grower scheme to ensure a daily production of 12,000 tons of sugar cane.
In addition, to the sugar industry the MoU will also see the Dangote Group establing a rice milling factory capable of processing 200,000 metric tons of rice in the state.
Work on the project is expected to start by September 2017.