News Express banner Camano banner
Dangote, Niger State strike $450m sugar production jumbo deal

By News Express on 23/08/2017

Views: 1,992

•Aliko Dangote (L) and Governor Sani Bello signing the MoU on Wednesday at Govt House Minna.
•Aliko Dangote (L) and Governor Sani Bello signing the MoU on Wednesday at Govt House Minna.

In another bold move for self-sufficiency in sugar production through the government’s backward integration policy, the Pan African Conglomerate, Dangote Group today in Minna, Niger State signed a Memorandum of Understanding (MoU) with the State Government for the establishment of a jumbo $450million 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 for the state.

The $450million pact which was signed in the government house will see the company producing raw sugarcane on 16,000 hectares of land at Lavun Local Government through an out-grower scheme.

The company, which is currently operating out-grower scheme in rice production in a number of states, has Africa’s largest sugar refinery in Lagos and a sugar cane plantation in Numan, Adamawa State.

Mr. Dangote said his investment was informed by his Company’s firm belief in the potentials of the Nigerian economy, adding that the new outlay will add value and create jobs for Nigerians.

He commended the state Governor, Alhaji 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 was opened for multi-sectoral investments.

Representative of the Minister of Industry, Trade and Investment, Alhaji Aminu Bisala said Dangote is the biggest private sector supporter of the Nigerian economy, and Federal Government policies.

He said the Federal Government was comfortable with the numerous investments efforts of the Dangote Group.

Also speaking, Chairman of the Niger State Traditional Council Etsu Nupe, Alhaji 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.

Group Managing Director of Dangote Sugar Plc, Engr. Abdullahi Sule stated that 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 160,000MT of raw sugar, pointing out that has been in the fore front of support for government industrialization 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 ten 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 the country, specifically in rice, sugar, tomato and dairy productions.

Niger State Commissioner for Investment, Commerce and Industry Rahmatu Muhammad Yar’Adua said that the deal with Dangote Group will help grow the agricultural sector and create direct and indirect jobs in the state.

It would be recalled that the Group’s foray into sugar business began in 1981. It has injected over $104million 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.

Source News Express

Posted 23/08/2017 6:25:21 PM

 

 

CLASSIFIED ADS

 

You may also like...
Abia guber case a burden on the apex...

APC mourns late Mayor of Port Harcout, berates...

Capitalism and the biggest global issue (1)

I have a dream for Nigeria, By Adeyemo...

FG declares March 30 and April 2, public...

FG releases full details of abducted Dapchi schoolgirls...

Regulatory Commission faults National Assembly, says fixed electricity...

Tambuwal signs MOU with US on primary education...

Hate in the Age of Charlatans

FRSC advises motorists on traffic diversion on Lagos-Ibadan...

Rain likely in many Nigerian cities today, says...

Harvest of projects: Amaechi has shamed his critics...

 

Latest News Man hires kidnappers to abduct parents Okorocha vs Ihedioha: Who blinks first? Gunmen kidnap 4 NEMA staff; another shot Governor’s aide, 2 others for trial over rape Divorce: My husband kept 4 kids from other women secret for 9 years — Wife Supreme Court hears sexual harassment charge against Chief Judge Senate postpones passage of 2019 Budget •Passes FCT Health Insurance Bill, confirms appointment of late Abiola’s daughter as NDIC Director More trouble for Onnoghen as EFCC drafts charge for fresh trial Interpol raids markets, rescues 216 child slaves, others Girl born without hands wins national handwriting competition PDP vows to overturn Orji Kalu’s election, asks INEC to retrieve his Certificate of Return Detainee who gave birth to twins in Calabar Prisons dies

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (471,290 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (415,268 views) Shameless Genevieve Nnaji exposes breasts in public (352,804 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (302,042 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (266,358 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (239,228 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (226,277 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (207,830 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (197,010 views) 10 cars more expensive than Jets (189,706 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (179,217 views) Lagos plane crash: Journalist releases victims’ names (178,761 views)

 

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (88) Business & Economy (4,215) Business Verdict (65) Columnists (1,018) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (607) Features (746) Global Business Monitor (344) ICT Monitor (38) International (3,354) Interview (176) Live Commentary (29) Love Matters (156) Maggie's Blog (236) News (45,296) Opinion (1,228) Pidgin (17) Politics (10,643) Religion (984) Sports (1,968) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera