Aliko Dangote
By Crusoe Osagie
By Crusoe Osagie
Dangote Sugar has demonstrated its commitment to the realisation of the national sugar master plan with the purchase of farm machinery worth $35 million from Panafrican Equipment.
The Panafrican Equipment Group is a frontline company in provision of
mining and construction grade equipment and after sales support
solutions.
Speaking at the equipment handover ceremony, weekend at Tin Can Island
Port Complex, Apapa, Lagos, Nigeria, the Group Managing Director of
Panafrican Equipment, Scott McCaw, described the sale as a ‘landmark
sale’ adding it is Panafrican’s biggest deal within the agricultural
sector and in Africa. He opined that the sale is in line with the
Nigerian 2010 transformation agenda to drive growth in the agricultural
sector.
He stated that “We are delighted to have been chosen by Dangote Sugar
as a major supplier for their agricultural expansion project in Sugar
production in Nigeria. We look forward to building on this relationship
and to being their partner for development in Nigeria now and in the
future. As the sale includes a long-term maintenance support and parts
supply contract, we fully expect to maintain a critical role in helping
Dangote Sugar achieve their goals in the sugar backward integration
project”.
Group Managing Director, Dangote Sugar Refinery, Graham Clark, in his
comments said “This purchase is in line with the Backward Integration
Policy (BIP) of the Federal Government of Nigeria and National Sugar
Development Council (NSDC). This is yet another milestone in the Dangote
Sugar journey as we work towards the achievement of our strategic sugar
master plan to produce 1.5 million metric tonnes of sugar per annum,
locally.”
Dangote Sugar is actively pursuing a backward integration master plan
with a target of producing a total of 1.5 million tons of sugar locally
per annum. The subsidiary, Savannah Sugar Company Limited, Numan,
Adamawa State is geared to meet this target. Savannah Sugar is located
on 32,000 hectares of land with a 50,000 MT/PA sugar production
capacity. Currently, the company has 5,000 hectares on cane which is now
being harvested for sugar production.
In addition, Dangote Sugar has commenced the acquisition of additional
hectares of land allocated across Nigeria for the project. Plans are
underway for the investment of additional N180billion towards the
realization of the Dangote Sugar Project. The locations are in Sokoto,
Kebbi, Kogi, Kwara, Jigawa, Taraba States amongst others.
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