Fidelity bank banner Bayelsa State banner
Dangote to build sugar plants in 6 states

By Chinyere Bassey on 22/02/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 866

 •Aliko Dangote (3rd from left) with some of the winning Dangote Foods distributors in Lagos
•Aliko Dangote (3rd from left) with some of the winning Dangote Foods distributors in Lagos

Nigeria’s Dangote Group has signed a deal to commence the building of integrated sugar plants in six states in Nigeria.

The Chairman of the group, who is also Africa’s richest man, Alhaji Aliko Dangote, made the announcement at a forum in Lagos to honour major distributors of Dangote Foods in Lagos on Thursday.

He said that the plants, expected to generate up to 100,000 jobs, would be built in Adamawa, Taraba, Nasarawa, Kwara, Kogi and Niger.

He, however, did not state the cost implication of building the plants or the name of the company handling the projects.

“We are acquiring about 150,000 hectares for sugar plantations in Adamawa, Taraba, Nasarawa, Kwara, Kogi and Niger.

“We have designed a memorandum of understanding with the Nasarawa State Government for the construction of the sugar complex at Tunga,” he stated.

Dangote said that the company’s push for backward integration in providing raw materials on a large scale would result to a cumulative investment of 4.6 billion dollars in the next three years in sugar, rice and diary production.

According to him, the plants will help to eliminate Nigeria’s reliance on imported materials and also help to save foreign exchange.

He re-stated that the group had earmarked 12 billion dollars for the building of a refinery at Ibeju-Lekki, near Lagos, to resolve Nigeria’s persistent petroleum scarcity crisis.

The mogul disclosed that the company’s annual revenue exceeded 4.1 billion dollars in 2017, expressing the determination of the group to exploit the huge business potential in Nigeria.

He commended the award recipients, saying that the event was a moment to appreciate customers’ efforts in making Dangote food products a household name in Nigeria.

Dangote said that the group would sustain its leading position in the food sector, noting that Dangote Flour Mills, its Sugar Refinery and NASCON Allied Industries had remained pacesetters.

He said that the target of the group was to ensure that Nigeria became self-sufficient in food.

According to him, the group focuses on a three-point agenda of sustaining high product quality, improving customers’ engagement and strengthening supply chain capabilities.

A News Agency of Nigeria (NAN) correspondent at the event reports that a distributor from the North West, Alhaji Ali Balarabe, emerged overall winner in the sale of Dangote products.

Awards were presented in various categories to recipients from first to third positions in the sale of flour, sugar, salt, pasta and Dan-Q.

The award category was given to the Best Performing Customer in the South West, North West, North Central, North East, South West, South East, North West and Lagos.

No fewer than 30 people won awards in various categories. (NAN)

Source News Express

Posted 22/02/2018 9:23:44 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Judge forces FG to produce Dasuki in court...

Police confirm 6 dead, 5 injured in Plateau...

CBN warns banks against charging double digit interest...

Army announces N1m reward for information on kidnapped...

Funding constraints delay capital projects in Bayelsa

Obiwon warms up for 10th anniversary celebration

Nigerian Navy commences recruitment of graduates

Veteran journalist Walter Uba is dead

Police Recruitment: Successful candidates to undergo compulsory lie...

Okowa calls for speedy trial of kidnap cases...

I’LL SOON DIVORCE GOVERNOR CHIME —Wife •Says ordeal...

Afe Babalola Expo set to empower farmers, create...

 

Latest News Osun Election: Controversy as INEC official says his boss ordered him to destroy authentic poll result Double Tragedy: Ras Kimono’s wife dies three weeks after his burial Kogi LG workers now to receive 54 pct of salary Water projects: Minister pleads with court for more time to render account PDP screens 30 governorship aspirants in North East Anti-Corruption War: Strike weakens CCB, CCT Gunshot at Osun INEC office Flood overruns more Delta riverine communities, victims sleep in canoes PDP is party to beat in 2018, says Makarfi Aisha Buhari to address UN meeting on Tuberculosis Osun: INEC has shown its readiness for 2019 — Group Plateau SSG, commissioner resign to contest 2019 elections

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (396,444 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (376,734 views) Shameless Genevieve Nnaji exposes breasts in public (308,481 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (250,583 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (232,312 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (221,624 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (200,062 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (181,644 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (165,703 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (163,380 views) Lagos plane crash: Journalist releases victims’ names (158,153 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (146,907 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (63) Business & Economy (3,623) Business Verdict (52) Columnists (933) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (547) Features (652) Global Business Monitor (301) International (2,427) Interview (165) Live Commentary (28) Love Matters (144) News (39,082) Opinion (1,110) Pidgin (11) Politics (6,711) Religion (872) Sports (1,701) Stock Watch (34) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

I am Imo State's New Governor -- Okorocha's son-in-law Uche Nwosu...

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement