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Dangote plans $700m investment to end sugar import

Dangote Sugar exceeds N1tn market cap level 

The Dangote Group is poised to end Nigeria’s reliance on imported sugar through an extensive investment of more than $700 million in a sugar expansion plan aimed at significantly boosting local production.

Dangote Sugar Refinery, a subsidiary of the group, is planning to allocate this substantial investment towards crucial areas, including land development, equipment acquisition, infrastructure buildout, staff training, and community engagement. The ultimate objective is to establish a supply chain capable of producing enough raw sugar locally to satisfy domestic demand and support future manufacturing expansion.

Ravindra Singhvi, the CEO of Dangote Sugar Refinery, speaking at the 2025 Lagos International Trade Fair, confirmed that the rollout of this plan is directly linked to the company’s aggressive push to deepen its backward-integration strategy. He also noted that the sugar packs produced will be available in 100g, 250g, 500g, and 1kg sizes, broadening access for households and small businesses.

Fatima Aliko-Dangote, the conglomerate’s Group Executive Director of Commercial Operations, also spoke, stating that the company’s wider goal remains consistent: to strengthen Nigeria’s industrial base and ensure that more of the value chain remains within the country.

According to her, industrial expansion represents the strongest path to widespread job creation and is essential for helping to support the numerous smaller businesses that rely on local manufacturing output.

Represented at the trade fair by Funmi Sanni, Dangote Cement’s Sales and Marketing Director, she linked the new sugar initiative to the group’s ongoing foundational work in other sectors, including refining, fertilizers, and petrochemicals.

Dangote Sugar Refinery remains the country’s largest sugar producer, currently boasting a production capacity of 1.44 million metric tonnes.
In the first nine months of its 2025 fiscal year, the company recorded a surge in revenue, which rose to N626.24 billion, up from N484.42 billion reported a year earlier.

Furthermore, the company successfully narrowed its losses sharply during the period, which fell from N184.4 billion recorded in the same period of 2024 to N10.59 billion.