Firms acquire 150,000 hectares, refine 3.5m tons of sugar annually
Dangote Sugar, BUA, Golden Sugar Company and KIA Group refine 3.5 million metric tons of sugar in Nigeria annually, which is two times Nigeria’s consumption capacity of 1.7 million metric tons. They have also acquired roughly 150,000 hectares of land out of the required 250,000 hectares to grow cane and produce raw sugar locally. These…