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Dangote Commits $700 Million To Sugar Production - Business - Nairaland

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Dangote Commits $700 Million To Sugar Production by Officialhorlah(m): 4:21am On Apr 19, 2021
The management of Dangote Sugar Refinery Plc has said it is committing over $700m to its sugar projects to support the Backward Integration Policy of the Federal Government to make Nigeria self-sufficient in sugar production.

According to a statement issued on Sunday by Dangote Industries Limited, the company disclosed this to visiting members of the Nasarawa House of Assembly on Friday.

The company noted that Nigeria was one of the sub-Saharan Africa’s largest importers of sugar, second only to South Africa with an annual import of over $337m.

The Dangote Sugar management however assured the lawmakers that with the completion of its sugar projects in Nasarawa and Adamawa under the BIP, the nation would be saved more than half of the forex expended on sugar imports annually.

It added that the investment would also lift its people as other people-oriented infrastructures would come with the sugar projects.

The state lawmakers commended the Dangote Group for choice of the state for the project and the accelerated pace with which the project was being executed, despite occasional delays arising from communal disagreements.

General Manager for the BIP, Dangote Sugar, John Beverley said when the factory was fully operational, it would have the capacity to crush 12,000 tons of cane per day, while 90MW power would be generated for both the company’s use and host communities.

He also disclosed that some 500km roads in all would be constructed to ease transportation within the vicinity. He solicited the support of the lawmakers in controlling the menace of land encroachment by settlers and itinerant farmers.

The Speaker of the Nasarawa State House of Assembly, Ibrahim Abdullah, and his team members, who were conducted round the company’s 78,000 hectares BIP in Tunga Awe Local Government Area commended the company for the project.

Abdullah noted that it would not only open up opportunities in the state but in Africa as a whole, and said the lawmakers were ready to partner and support the company towards the realisation of the sugar project through relevant legislations.

When the phase II of the project is completed, according to the company, it will make it the largest sugar refining plant in Africa.

https://punchng.com/dangote-commits-700m-to-sugar-production/

1 Like 1 Share

Re: Dangote Commits $700 Million To Sugar Production by Cooldiipo(m): 4:29am On Apr 19, 2021
PR job


Now bad press is making oga to shalaye grin

2 Likes

Re: Dangote Commits $700 Million To Sugar Production by Tigaromil: 4:38am On Apr 19, 2021
Dangote wants to control the price of sugar at all cost.

2 Likes 1 Share

Re: Dangote Commits $700 Million To Sugar Production by Jerryherd: 4:43am On Apr 19, 2021
BUA group is ready to compete, expect marketing war and price drop

31 Likes 2 Shares

Re: Dangote Commits $700 Million To Sugar Production by bigFOOTcaveMAN(m): 4:43am On Apr 19, 2021
Then Sugar is about to go up like Cement.
Everything this man ventures into becomes out of reach for the poor.

38 Likes 2 Shares

Re: Dangote Commits $700 Million To Sugar Production by lukuboi(m): 4:43am On Apr 19, 2021
Lemme wait for BUA first.

3 Likes

Re: Dangote Commits $700 Million To Sugar Production by tempest01(m): 4:44am On Apr 19, 2021
Was this not what should have been done since?

Was this not the backward integration plan?

All the concessions the government were giving you was just to be importing, now there's outrage you now know what to do.

No government should encourage monopolists and oligarchs. On the long run it becomes detrimental to the general populace.

10 Likes 1 Share

Re: Dangote Commits $700 Million To Sugar Production by Sunnycliff(m): 4:45am On Apr 19, 2021
Because you want to monopolise the industry, that's why you are hell bent against Rabiu to frustrate him out of that business.

2 Likes

Re: Dangote Commits $700 Million To Sugar Production by Sunnycliff(m): 4:47am On Apr 19, 2021
Jerryherd:
BUA group is ready to compete, expect marketing war and price drop

He wants to use the FG to kill BUA as a competitor. Dangote is a criminal business man. He's worse than Shylock

28 Likes 1 Share

Re: Dangote Commits $700 Million To Sugar Production by Reex12(m): 4:48am On Apr 19, 2021
BUA is in trouble this is an unhealthy competition

1 Like

Re: Dangote Commits $700 Million To Sugar Production by cchub: 4:49am On Apr 19, 2021
I swear if sugar starts to cost pass normal, na curse you go chop

1 Like

Re: Dangote Commits $700 Million To Sugar Production by Simplyleo: 4:51am On Apr 19, 2021
Sunnycliff:
Because you want to monopolise the industry, that's why you are hell bent against Rabiu to frustrate him out of that business.
I agree with you.

Aliko dangote is hell bent in frustrating Chinedu Rabiu and the nepotistic Buhari is supporting his Northern Dangote aboki because they are fellow jihadists.

4 Likes 2 Shares

Re: Dangote Commits $700 Million To Sugar Production by Sunnycliff(m): 5:01am On Apr 19, 2021
Simplyleo:

I agree with you.

Aliko dangote is hell bent in frustrating Chinedu Rabiu and the nepotistic Buhari is supporting his Northern Dangote aboki because they are fellow jihadists.
Isn't it too early to be having such nightmares?

22 Likes

Re: Dangote Commits $700 Million To Sugar Production by MrIcredible: 5:02am On Apr 19, 2021
Dan barawo


USELESS Abokî monopolist


Selling cement N1,900 in a neighboring country but selling same thing for almost 4k in his own country.


The North is the problem of North and Nigeria at large.

I CAN'T WAIT FOR THIS COUNTRY TO SEPARATE.

5 Likes

Re: Dangote Commits $700 Million To Sugar Production by bewla(m): 5:25am On Apr 19, 2021
yet
Re: Dangote Commits $700 Million To Sugar Production by CodeTemplar: 5:35am On Apr 19, 2021
Great news. 500 km of roads and 90 mw of power for the host community is a bargain and better than FG will ever give any host community.

1 Like

Re: Dangote Commits $700 Million To Sugar Production by cenaman(m): 5:37am On Apr 19, 2021
Arewa amaka.

2 Likes 1 Share

Re: Dangote Commits $700 Million To Sugar Production by AllenSpencer: 5:43am On Apr 19, 2021
The Great Northerners!

Every religious book pointed to the North as great achievers and power holders. From North America, to Northern Europe, down to North Africa. It's always about North!


Give it to Dangote! Seems hate makes him go stronger.

3 Likes 1 Share

Re: Dangote Commits $700 Million To Sugar Production by egemgeo(m): 5:45am On Apr 19, 2021
who still remembers St Luis sugar

5 Likes

Re: Dangote Commits $700 Million To Sugar Production by AllenSpencer: 5:46am On Apr 19, 2021
MrIcredible:
Dan barawo


USELESS Abokî monopolist


Selling cement N1,900 in a neighboring country but selling same thing for almost 4k in his own country.


The North is the problem of North and Nigeria at large.

I CAN'T WAIT FOR THIS COUNTRY TO SEPARATE.

You are not brilliant.

First! Define Monopoly?

Second, what's stopping Dangote's c9mpetitors from crashing prices? Ain't they after profit?

Una sha go won talk at all cost, even though it does not make sense.

4 Likes

Re: Dangote Commits $700 Million To Sugar Production by Sazeals(m): 6:00am On Apr 19, 2021
and you go like 10 spoons b4 the sugar go sweet your garrison
Re: Dangote Commits $700 Million To Sugar Production by GreaterFuture3: 6:16am On Apr 19, 2021
Good, we hope it ends well
Re: Dangote Commits $700 Million To Sugar Production by misterjosh(m): 6:36am On Apr 19, 2021
So if noise was made concerning this sugar thing these companies wouldn't have done the needful... undecided

1 Like

Re: Dangote Commits $700 Million To Sugar Production by BarrElChapo(m): 6:46am On Apr 19, 2021
Wicked man.

It's good we're beginning to see the man behind the mask.

1 Like

Re: Dangote Commits $700 Million To Sugar Production by Premiumwriter: 7:04am On Apr 19, 2021
Cooldiipo:
PR job


Now bad press is making oga to shalaye grin
I swear.

Previously he was being treated like a God. All because of the brainwashing education we received in school.

1 Like

Re: Dangote Commits $700 Million To Sugar Production by Premiumwriter: 7:07am On Apr 19, 2021
AllenSpencer:
The Great Northerners!

Every religious book pointed to the North as great achievers and power holders. From North America, to Northern Europe, down to North Africa. It's always about North!


Give it to Dangote! Seems hate makes him go stronger.
hope the book also pointed out Boko Haram and the numerous beggars there also?

Cos our northern brethren are on the ocean bank but drinking mud to quench their thirst
Re: Dangote Commits $700 Million To Sugar Production by Lovelyn451(f): 7:07am On Apr 19, 2021
his rubbish products...tchew
Re: Dangote Commits $700 Million To Sugar Production by mukthar2000(m): 7:56am On Apr 19, 2021
who care, na BUA sure pass
Re: Dangote Commits $700 Million To Sugar Production by DannyG8(m): 8:45am On Apr 19, 2021

1 Like

Re: Dangote Commits $700 Million To Sugar Production by Emperor5(m): 9:03am On Apr 19, 2021
Good...... But while thinking of business expansion and profitability, Dangote should also look into price effective and social responsibility as a way of giving back to the society
Re: Dangote Commits $700 Million To Sugar Production by MrIcredible: 10:28am On Apr 19, 2021
AllenSpencer:


You are not brilliant.

First! Define Monopoly?

Second, what's stopping Dangote's c9mpetitors from crashing prices? Ain't they after profit?

Una sha go won talk at all cost, even though it does not make sense.
You sound like s dolt... read between the lines...
Re: Dangote Commits $700 Million To Sugar Production by Luv4tv(m): 12:58pm On Apr 19, 2021
Please the 500km road to be the constructed within the host communities is absurd naw, 500km that is equivalent to distance between Lagos and Asaba by road.
The $700m investment doesn't make sense when the annual importation by SA is just 355m yet we import less that SA. Are we planning to displaced Brazil as the major exporter of based on the amount of investment.

1 Like

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