Aliko Dangote has revealed that 106 billion naira ($ 338 million) will be invested in Dangote Sugar Refinery (DSR), within 4 to 6 years.
Speaking to shareholders on the sidelines of the 11th general meeting of the group for the fiscal year 2016, Mr. Dangote affirmed that part of the investment granted will be devoted to updating the upstream integration project (BIP ) of the Dangote Sugar Refinery. This includes the purchase of equipment, field studies as well as awareness campaigns in several communities.
The manager also added that another part of the investment will be devoted to the rehabilitation and expansion of Savannah Sugar Company, the sugar division of Dangote Industries Ltd.
According to Dangote, the group aims to produce 1.5 million tonnes of refined sugar from locally grown cane sugar within the next six years.