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2021: Dangote increases sugar production by 9.2% to 811,962 tonnes

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Aliko Dangote

 

 

For the full year ended December 31, 2021, the Management of Dangote Sugar has revealed that the group’s production volume increased by 9.2 percent to 811,962 tonnes in contrast to 743,858 tonnes, in the corresponding period of 2020.

 

This volume was said to be achieved on the strength of improved operational efficiency despite the adverse impact of the perennial Apapa traffic gridlock situation.

The company however recorded a gross profit of N50.21 billion and profit after taxation of N22.05 billion.

 

The reported group’s revenue of N276.50 billion for the full year, represents an increase of 28.8 percent over N214.30 billion recorded in the year 2020. The company also recorded increase in Group sales volume, which rose by 5.7 percent to 773,341 tonnes compared to 731,701 tonnes in 2020.

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Dangote Sugar Refinery in its 2021 audited results stated that growth in 2021 was supported by the positive market responses to key trade interventions introduced during the year. Group production volume increased by 9.2 percent to 811,962 tonnes in contrast to 743,858 tonnes and was achieved on the strength of improved operational efficiency despite the adverse impact of the perennial Apapa traffic gridlock situation. The company recorded a gross profit of N50.21 billion and profit after taxation of N22.05 billion.

 

Group managing director, Dangote Sugar Refinery, Ravindra Singhvi in his remarks said Our impressive performance in the year demonstrates our resilience in the face of prevalent challenges, which rightly reflected in strong topline growth shown in the financial results. During the year under review, we concluded integration of our new 50kg packaging for the fortified and non-fortified sugar bags in the market. This refreshed our brand personality and led to a deeper connection to the Dangote Sugar brand among our valued customers and consumers, whilst sustaining our market presence and leadership with the product quality.”

 

“We also continued our Sustainability journey with the inclusion of United Nations Goal 13 to the Dangote Sugar Strategic Priority SGDs 2, 4, 6, 8 and 12 to ensure we contribute and make meaningful impact to the society. Our Supply Chain Management process is being certified to ISO 40200 (Sustainable Procurement), and Bonsucro Certification is in view”, he added.

 

Dangote Sugar Refinery has continued to enhance   Outgrowers Management at the Sugar Backward Integration sites. The aim is to support the economic growth of the immediate communities where the refinery operates with about 5,000 outgrowers when the projects have fully taken off. The key focus is achievement of the Dangote Sugar Backward Integration Projects targets and put Nigeria on the path of sugar self-sufficiency and on the world sugar map.

 

The sugar refinery places top priority on the Health and Safety of staff and partners remains a top priority with Apapa Refinery and Backward Integration Operations in Numan, Adamawa State and Tunga, Nasarawa State operating in compliance with stipulated health and safety protocols.

 

Dangote Sugar Refinery is Nigeria’s largest producer of household and commercial sugar with 1.44M MT refining capacity at the same location, refines raw sugar imported from Brazil to white, Vitamin A fortified refined granulated white sugar suitable for household and industrial uses.

Its Backward Integration goal is to become a global force in sugar production, by

producing 1.5M MT/PA of refined sugar from locally grown sugar cane for the domestic and export markets.

To achieve this, Dangote Sugar Refinery Plc acquired DSR Numan Operations (Savannah Sugar Company Limited), located in Numan, Adamawa State in December 2012, and embarked on the ongoing rehabilitation of its facilities and expansion of its 32,000 hectares’ sugarcane estate.

 

In September 2020, the scheme of merger between DSR and Savannah Sugar Company Limited was completed which gave birth to a bigger and stronger business with considerable opportunity for growth and delivery of superior benefits to all stakeholders. The expansion of the Numan sugar estate is still ongoing as well as the development of the greenfield site acquired at Tunga, Nasarawa State for the achievement of DSR’s sugar for Nigeria development master plan.

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Scarcity Of New Naira Notes: Nigerians Should Check APC Government Houses- Kwankwaso

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NNPP Presidential candidate Rabiu Musa Kwankwaso

 

The presidential candidate of the New Nigeria People’s party Engineer Rabiu Musa Kwankwaso has alleged that APC controlled states are responsible for the scarcity of new Naira Notes being experienced by Nigerians.

The NNPP Presidential candidate made the allegation in an interview with Nasiru Adamu El-Hikaya of the Voice of America Hausa service.

Kwankwaso was responding to a question put to him by Nasiru Adamu El-Hikaya that the government decided not to extend the deadline because politicians who want to go into election will use the notes for vote buying.

“If you are talking about hiding of new Naira Notes go and check state government houses controlled by the APC you will definitely find the new Naira Notes,we have information that they have called the bank mangers and are responsible for the scarcity”Kwankwaso alleges

Kwankwaso further called on voters especially the masses who are running small scale businesses to exercise patience.

 

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Debt Management Office seeks support of ministries, Organizations

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Federal minister of finance Zainab Shamsuna Ahmad

 

 

Kano State Debt Management Office has urged relevant ministries,departments and agencies to support and cooperate toward achieving desired goals .

The Director General of the state Debt Management Office ,Malam Salish Lawan Indabawa made plea when he visited the Auditor General of the state in his continuation of advocacy across the state.

Lawan Indabawa stated that the office is ready to work hand in hand with MDAs and to intimate them about functions of the office whenever the need arises .

Director General later handed over the law that established the Debt Management office to the State Auditor General, Alhaji Isma’il Musa in order to study the functions and roles of the office.

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Earlier, the State Auditor General, Alhaji Isma’ila Musa described the appointment of Alhaji Lawan Indabawa by Governor Abdullahi Umar Ganduje as Director General as a wise decision which the state will benefit.

The State Auditor General maintained that Indabawa is competent and equal to the task and hope to use his wealth of experience in order take the new baby agency to higher position.

In a statement by Director information ministry of finance and economic development Bashir Habib Yahaya said the director promised to give all the necessary support, cooperation and pray almighty Allah to guide the new Director General.

 

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President Buhari To Commission Multi Billion Naira Dala Inland Dry Port Monday-Ahmad Rabiu

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Chairman of Dala Inland Dry port Alhaji Abubakar Sahabu Bawuro left being flanked by the MD Ahmad Rabiu during the briefing

 

By our reporter

All is set for the commissioning of Dala International inland dry port on Monday 31st January 2023 by President Muhammad Buhari at Zawachiki in Kumbotso local government area of Kano state.

The managing director of the international inland dry port Ahmad Rabiu stated this while addressing newsmen on the preparation for the inauguration of the port at its headquarters in Kano.

Ahmad Rabiu who was joined by the chairman of the inland dry port Alhaji Abubakar Sahabu Bawuro said its the first international inland dry port where cargoes will go anywhere in the world from Kano state without follow up to any sea ports across Nigeria.

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Ahmad Rabiu told newsmen that the federal government under President Muhammad Buhari has given all the support required for the take up noting that they have met the requirement on infrastructure and other critical amenities.

The MD said the stacking area has the capacity of containing 20 thousand unit of containers before moving anywhere at any time noting that the area covers 6 hectares of land and the management is willing to add more.

According to Ahmad Rabiu all the requirements needed for clearance by business men ,customs duty will be done right from Kano without follow up to any sea port in Nigeria.

On his part the chairman of Dala Inland Dry Port, Alhaji Abubakar Sahabu Bawuro said the management of the port is prepared technically, physically with interested partners and is going to boost businesses in Kano, Nigeria and Africa in general and urged members of the press to partner with the management in ensuring efficiency emphasizing that the place is not a monument but a business venture.

 

The chairman said Dala Inland Dry Port is now a solution to the problems brought about by the sea ports and they will introduce cargo tracking and door to door delivery of goods and services.

He said the success of the inland dry port is a joint venture between state government, business community,regulatory agencies and Federal Government of Nigeria and to make business in Kano and its neighborhood more competitive.

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