Chairman, Dangote Sugar Refinery (DSR) Plc, Alhaji Aliko Dangote has projected that the national backward integration component of the National Sugar Master Plan (NSMP) has the potential to generate foreign exchange (forex) in excess of $700 million annually for Nigeria when properly implemented.
Speaking when some businessmen, who were on a visit to DSR in Lagos paid him a visit, Dangote urged stakeholders to protect the backward integration project (BIP) to achieve the twin objectives of local manufacturing and job creation.
He posited that if the national sugar master plan is followed and players follow the rules, the country will be better for it as Nigeria will save between $600 million and $700 million yearly as forex.
He also told the visitors that the Dangote Group is scaling up its social intervention in communities hosting its companies across the country.
It would be recalled that the Minister for Industry, Trade and Investment, Otunba Niyi Adebayo, who was on a working tour of the Dangote’s expansive Savannah Sugar Company (SSCL) Limited in Numan, Adamawa State and Tunga sugar project site in Nasarawa State, described the projects as “huge, impressive and amazing.”
The minister said about the Dangote’s sugar plantation in Nasarawa State: “It’s a very impressive sight. Amazingly, such a project exists in this place.”
He added: “What we’ve seen so far from all the plantations we’ve been to are very impressive. We are impressed with the level of work they are doing.”
