Flour Mills of Nigeria Plc has announced plans to scale up its investment in sugar production, describing the sector as a key driver of Nigeria’s industrial growth.
Speaking on the company’s strategic expansion, a top official drew parallels with the transformative impact of Dangote Cement, noting that its success spurred the emergence of major competitors such as BUA, Mangal and the expansion of Lafarge.
“We’ve seen it with sugar, and we’ve seen it with cement. The success of Dangote Cement led to the emergence of players like BUA, Mangal, and Lafarge’s expansion,” the official said.
“In the same way, the success of this refinery will drive the emergence of more private refineries in Nigeria.”
He stressed that the Dangote Refinery has significantly reduced Nigeria’s decades-long dependence on imported refined products, while creating a sustainable and competitive refining industry with long-term benefits for the economy.
According to him, the Dangote Group has also served as a breeding ground for Nigerian engineers, scientists, and technicians, many of whom are now making global impact as expatriates.
He assured labour leaders of the company’s unwavering commitment to human capital development, staff welfare, and the economic wellbeing of the country. He added that the Group President, Aliko Dangote, remains a patriotic Nigerian whose vision is deeply rooted in the nation’s progress.
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