|Join Nairaland / LOGIN! / Trending / Recent / New|
Stats: 2,754,333 members, 6,542,693 topics. Date: Sunday, 17 October 2021 at 06:03 PM
|Dangote, Niger State Seal N166b Pact On Sugar Production by edunwablog: 5:56am On Aug 24, 2017|
In its drive for self-sufficiency in sugar production, the Dangote Group yesterday, signed a Memorandum of Understanding (MoU) with Niger State Government for the establishment of a N166-billion state-of–art and fully integrated sugar complex.
On completion, according to the President of the Group, Aliko Dangote, the project will generate over 15,000 jobs in the State, and bring about a complete economic turn-around.
The $450million pact, which was signed at the Government House in Minna, will see the company producing raw sugarcane on 16,000 hectares of land at Lavun Local Government Area, through an out-grower scheme.
The Company, which is currently operating out-grower scheme in Rice production in a number of states, has the Africa’s largest sugar refinery in Lagos, and a sugar cane plantation in Numan, Adamawa State.
Dangote said his investment was informed by his Company’s firm belief in the potential of the Nigerian economy, adding that the new outlay will add value and create jobs for Nigerians.
He commended the State Governor, Abubakar Sani Bello, for his foresight and efforts to woo investors to Niger State, noting, “The Dangote’s Integrated Sugar Project in Niger State will also include the establishment of integrated sugar mills, generate power, produce molasses, ethanol fuel, biomass and produce animal feeds.
In his remarks, Governor Bello said the deal will revolutionise agriculture in his state and Nigeria. Expressing joy that the MoU was signed during his own administration, he described Dangote as the liberator of the Nigerian economy, and a dependable partner.
The Governor then urged Dangote Group to explore other investment opportunities available in the state, just as he announced that the state is open to multi-sectoral investments.
Representative of the Minister of Industry, Trade and Investment, Aminu Bisala, said Dangote is the biggest private sector supporter of the Nigerian economy, and Federal Government policies, adding that government was comfortable with the numerous investments efforts of the Dangote Group.
Also speaking, the Chairman of the Niger State Traditional Council Etsu Nupe Abubakar Yahyah, said he was elated about the huge investment coming to the state, while praying God to bless the Dangote Group more.
Just last week, the Conglomerate had sponsored an Investment Summit in the State, which was attended by former Presidents Abdulsalami Abubakar, Olusegun Obasanjo, and the then Acting President, Yemi Osinbajo, who described the private sector as key to the country’s economic development.
The Group Managing Director, Dangote Sugar Plc, Abdullahi Sule, said the MoU would be a Game Changer for Niger State economy, and Nigeria as a whole.
He said the integrated sugar mills will have the capacity to produce 160,000 metric tonnes (MT), of raw sugar, pointing out that the Group has been in the forefront of supporting government’s industrialisation programmes through backward integration policy in agriculture.
According to him, the Dangote Sugar Refinery is developing a sugar backward integration plan through the production of 1.5MT/PA in 10 years in: Nasarawa, Adamawa, Kogi, Kwara, Taraba, and Niger states respectively.
The Group’s Executive Director, Stakeholders’ Management and Corporate Communication, Ahmed Mansur, had also announced that the Group was investing over $1billion in the agricultural sector in Nigeria, specifically in rice, sugar, tomato, and dairy productions.
The Niger State Commissioner for Investment, Commerce and Industry, Rahmatu Muhammad Yar’Adua, said the deal with Dangote Group will help grow the agricultural sector, and create direct and indirect jobs in the state.
Recall that the Group’s foray into sugar business began in 1981. It injected over N38billion into the Savannah Sugar Company Limited, it acquired from government in 2003. Savannah Sugar this year alone, produced 20,000MT of raw sugar from its plantation.
|Re: Dangote, Niger State Seal N166b Pact On Sugar Production by Cinkq: 6:57am On Aug 24, 2017|
Everything about Nigeria's economy just going to Dangote,does it mean no one else has vision, passion,zeal and money to do what dangote alone has been doing? A lot of things are not just clear to the good citizen of this country. Happy for the people of Niger though.
|Re: Dangote, Niger State Seal N166b Pact On Sugar Production by hmuhammad(m): 7:01am On Aug 24, 2017|
We need more of this in Niger state, God bless Dangote
|Re: Dangote, Niger State Seal N166b Pact On Sugar Production by realborn(m): 7:12am On Aug 24, 2017|
Very soon, "Nigeria" will be replaced with "Dangote". Federal Republic of Nigeria to Federal Republic of Dangote.
At this rate, all he needs is to further invest in a global ICT product or service and he would be rubbing shoulders with Gates & co. I admire Dangote dearly. He has perfected the art of seamlessly growing money without competition.
I sincerely pray for the unction and wisdom to surpass him. Very inspiring!
|Re: Dangote, Niger State Seal N166b Pact On Sugar Production by mikolo80: 8:05am On Aug 24, 2017|
Cinkq:yes. Everyone else fixated on oyel money
|Re: Dangote, Niger State Seal N166b Pact On Sugar Production by mikolo80: 8:06am On Aug 24, 2017|
realborn:instead of praying,john govt and get a monopoly like he did
|Re: Dangote, Niger State Seal N166b Pact On Sugar Production by realborn(m): 9:26am On Aug 24, 2017|
mikolo80:To the undiscerning or indiscernible you are right.
Nonetheless prayer is key for those who have faith.
To join government is not necessary. Passion and hardwork are the key ingredients.
I have started on the path. Soon I will inspire you.
|Re: Dangote, Niger State Seal N166b Pact On Sugar Production by maisauki: 9:52am On Aug 24, 2017|
|Re: Dangote, Niger State Seal N166b Pact On Sugar Production by mikolo80: 3:02pm On Aug 24, 2017|
realborn:as you put your hope on prayer, you can never inspire me.
|Re: Dangote, Niger State Seal N166b Pact On Sugar Production by realborn(m): 4:24pm On Aug 24, 2017|
Prayer, Faith, Dream, Obtain Knowledge, Grow Passion, Discipline, Hard Work, Perseverance, Willingness to re-Learn, and Humility - the sure fire way to success.
Time will tell if I will inspire you.
|Re: Dangote, Niger State Seal N166b Pact On Sugar Production by mikolo80: 10:10pm On Aug 24, 2017|
realborn:stop shifting goalpost. Na prayer you carry for head.without works is foul
|Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health |
religion celebs tv-movies music-radio literature webmasters programming techmarket
Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 120