Fidelity bank banner Camano 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: 979

 •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...
Obama demands regular briefing on abducted Nigerian schoolgirls...

Abuja to host Cycling FCT in January 2019...

Military set to declare victory over Boko Haram...

Abia Polls: APC candidate kicks as victorious PDP...

IDPs protest over poor feeding in camp

Court orders final forfeiture of N34B linked to...

Kebbi Accountant-General bags 70 years jail term over...

My encounter with Boko Haram leaders —Dokubo •How...

Gunmen assassinate Kaduna politician

Anti-corruption confab holds in Asaba; organisers promise free...

CBN floods forex market with $303.9m ahead of...

Petroleum marketers throw weight behind war against corruption...

 

Latest News 2019: How Igbos are working for Buhari’s re-election Passenger, conductor die over N100 Miyetti Allah insists on grazing reserve Enugu govt. pays 13th month salary to workers Drug abuse will cause generation of mad people – Group Lawmakers clear way for Buhari’s 2019 Budget presentation NBA President arraigned over N1.4bn fraud allegations, gets N250m bail Ekiti Assembly suspends LG chairmen, councilors ASUU Strike: Varsity students to resume in January: FG Couple jailed after naming their child Adolf Hitler You’re not doing enough for Igbo, MASSOB tells Ekweremadu FG opens barricaded section of Lagos/Ibadan expressway to commuters

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (431,327 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (395,671 views) Shameless Genevieve Nnaji exposes breasts in public (328,523 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (282,809 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (248,515 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,585 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (212,624 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,831 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (180,319 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,853 views) Lagos plane crash: Journalist releases victims’ names (167,660 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (154,085 views)

 

CBN banner Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,891) Business Verdict (54) Columnists (974) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (681) Global Business Monitor (313) International (2,842) Interview (167) Live Commentary (28) Love Matters (147) Maggie's Blog (79) News (41,556) Opinion (1,154) Pidgin (13) Politics (8,231) Religion (920) Sports (1,830) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera