Dangote Targets 700,000MT of Refined Sugar in Four Years thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
How Nigeria’s sugar production collapsed for decades, allowing Dangote, BUA imports to thrive
Nigeria has relied almost entirely on sugar imports for at least 30 years despite the government’s professed efforts to boost local production. 3 min read
Nigeria produced far less sugar in 2020 than it did in 1990 and repeatedly failed to meet its production targets, allowing massive importation to flourish for decades as domestic demand grew, government data show.
The data, generated by the
Nigerian Sugar Development Council (NSDC), show that despite the government’s professed efforts to boost local production of sugar, and claims by Dangote Plc and BUA Group to have substantially invested in that programme, the nation has relied almost entirely – over 98 per cent on the importation of raw sugar for the last 30 years.
Dangote Sugar denies involvement in price fixing today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
•Dangote Sugar denies involvement in price fixing
James Emejo in Abuja
Africa’s richest man and Chairman of Dangote Industries Limited, Alhaji Aliko Dangote, and the Chairman of Flour Mills of Nigeria Plc, Mr. John Coumantaros, have said the establishment of a new sugar refinery plant in the country by BUA Group posed a threat to the attainment of the National Sugar Master Plan (NSMP) as well as sustainability of Nigeria’s local sugar industry.
They argued that the country currently has enough refining capacity to meet national demand.
In a joint petition to the Minister of Industry, Trade and Investment, Chief Niyi Adebayo, dated January 28, 2021, the duo protested the recent commissioning of a sugar refinery in Port Harcourt, Rivers State, by BUA International, one of the operators in the sugar industry.