fbpx
Connect with us

News

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

Published

on

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.

The Need For Persons With Disability To Participate In Governance

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.

News

Breaking:Gov. Yusuf Orders Arrest of Deposed Emir of Kano Aminu Ado Bayero

Published

on

 

The Governor of Kano State, Alhaji Abba Kabir Yusuf, has ordered the immediate arrest of the former Emir of Kano, Aminu Ado Bayero, for creating tension in the state.

The former Emir was smuggled into Kano city last night in an attempt to forcefully return to the palace two days after being deposed by the Governor.

In a statement issued by Mr. Sanusi Bature Dawakin Tofa, the spokesperson to the Governor, it was confirmed that the new Emir, Sanusi Lamido Sanusi, arrived at the palace in the company of the Governor, the Deputy Governor, the Speaker of the State Assembly, and other top government functionaries at about 1:00 a.m. on Saturday, 25th May 2024.

As the Chief Security Officer of the state, His Excellency, the Executive Governor of Kano State, Alhaji Abba Kabir Yusuf, has directed the Commissioner of Police to arrest the deposed Emir with immediate effect for disturbing public peace and attempting to destroy the relative peace the state enjoys.

Sanusi Bature Dawakin Tofa
**Director General, Media and Publicity, Government House, Kano**

Continue Reading

News

NNPC Ltd Condoles with Tijjani Babangida over Loss of Brother, Son

Published

on

 

Yesterday, the NNPC Ltd paid a condolence visit to Nigeria’s Ex-International, Tijjani Babangida, over the tragic loss of his son, Fadil, and brother, Ibrahim Babangida, as a result of the ghastly road accident which occurred on Saturday, May 11th, 2024, along the Zaria-Kaduna Road. It would be recalled that in the unfortunate incident, Babangida and his wife also sustained serious injuries and are currently receiving medical attention.

During the visit, GCEO NNPC Ltd, Mr. Mele Kyari, represented by the Company’s Chief Corporate Communication’s Officer, Mr. Olufemi Soneye, expressed the Company’s heartfelt commiserations to the Babangida family, praying for God’s mercy upon the souls of the departed and for a speedy recovery of the ex-footballer and his wife.

Earlier in February 2024, Tijjani Babangida was among a selected team of Nigeria’s Ex-Internationals, led by the legendary Austin Jay Jay Okocha, who participated in a novelty football match during the grand finale of the 13th NNPC Sports Fiesta held at the Moshood Abiola National Stadium in Abuja.

In his response, an elated Babangida expressed his delight to the NNPC Ltd for identifying with him in his trying period, stressing that although lives once lost can never be brought back, the Company’s kind gesture will further strengthen his resolve to overcome the predicament.

 

Continue Reading

News

ECOWAS Parliament Elects First Female Speaker

Published

on

 

The 6th ECOWAS Parliament has elected Ibrahim Maimunatu, a female from Togo, as the Speaker of the Parliament. She is the first female Speaker to be elected in the parliament’s history.

 

During her investiture speech, the newly elected Speaker expressed gratitude to the Parliamentarians for entrusting the fate of the parliament for the next four years to her.

“I’m grateful for the honour conferred on me. I commended the Chairman of the ECOWAS and Nigeria’s President, Bola Ahmed for entrusting the 6th Legislature to my country.”

This is the first time the leadership entrusted to a woman, this, has proven the vision of ECOWAS youth and women should be protected. This has further demonstrated the aim and passion of Togo President Faure Essozimna Gnassingbé who always support youths and women, particularly with the introduction of the legislation to support youths and women in Togo”

The new Speaker of the ECOWAS Parliament, Maimunatu assured that she will leave no stone unturned to meet the expectations of the member states.

She further commended the Deputy Speaker of the Parliament, Barau Jibrin, who has demonstrated his skills, commitment, determination, and leadership style in bringing the Parliament to its current stage.

She lamented that the reinsurgence of Terrorism and coup d’ etat in Niger Republic Burkina Faso and Mali and Climate Change were some of the issues bedevelling the sub region.

She lamented that the resurgence of terrorism and coups d’état in Niger Republic, Burkina Faso, and Mali, as well as climate change, were some of the issues plaguing the sub-region.

She stressed that the Parliament would collaborate with member states to address the challenges facing the West African region.

She maintained that the Parliament will work together towards realisation of its 5 pillars envisaged in vision 2050, including a secure, stable and peaceful region; a region endowed with strong institutions, and that complies with the rule of law and fundamental freedoms; a fully integrated and prosperous region; a region mobilized for transformation, inclusive and sustainable development.

After she delivered her inaugural speech, Ibrahima Maimunatu declared the 2nd Extraordinary Session held in Kano closed.

Earlier, Deputy Speaker of the ECOWAS Parliament, Barau Jibrin noted that Extraordinary Session held in ancient city of Kano was to bring the Parliament to the people of Kano State.

Continue Reading

Trending