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.

Best Choice Clinic

 

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

Arewa APC Merger Group Promises to Stop Alleged Politically Motivated Protests in Nigeria.

Published

on

 

The Arewa APC Merger Group has issued a stern warning against a series of politically motivated protests allegedly sponsored by individuals and groups agitated by separatist agendas.

According to the group, these protests are orchestrated by enemies of Nigeria who aim to destabilize the nation’s unity.

In a statement signed by Hon. Musa Mujahid Zaitawa, the National Coordinator of the group, the Arewa APC Merger Group and made available to press emphasized their commitment to supporting the current APC government.

The statement, issued in Abuja, expressed the group’s resolve to counter any protest efforts intended to sow discord and undermine national cohesion.

Best Choice Clinic

They accused a prominent political figure, as strongly associated with these protests.

Despite his public denials, the Arewa APC Merger Group has declared his involvement “unacceptable.”

They accuse him and his supporters of attempting to manipulate public sentiment for political gain.They stated that the denial of political figured hands in plan protest cannot be accepted because there is sign of hands of some of his supporters in the affairs.

They warned him against any statement that will lead in causing of what Will lead to instability to the nation

“The Arewa youths are steadfast in their allegiance to the APC government,” Zaitawa stated.

“We are ready to dedicate ourselves to stopping these politically motivated protests. Our unity and support for the government are crucial in maintaining peace and stability in Nigeria.”

The group called on all Nigerians to reject any actions that threaten the nation’s unity and to stand together in support of the government.

The Arewa APC Merger Group reiterated their commitment to safeguarding Nigeria’s integrity and ensuring that the country remains united against divisive elements.

Continue Reading

News

Dangote Refinery :Kwankwaso Calls for National Protection of the Vital Asset

Published

on

Senator Rabiu Musa Kwankwaso

NNPP national leader Senator Rabiu Musa Kwankwaso expressed his admiration for the dedication and quality that went into establishing Dangote Refinery .

Senator Kwankwaso stated this when he visited the refinery said , “I was privileged to visit the magnificent Dangote Refinery, and I was marveled by the sheer commitment that went into the quality of its establishment.”

The 650,000 barrels per day (bpd) refinery, a cornerstone for Nigeria’s energy needs and economic stability, was hailed by Kwankwaso as a vital national asset that must be safeguarded from any threats.

He emphasized the importance of the refinery, stating, “This 650,000 bpd refinery is essential for our energy needs and economic stability, and it must be protected from all forms of threat.”

Best Choice Clinic

Kwankwaso criticized the unwarranted controversies surrounding the refinery, attributing them to vested interests aiming to undermine the project. “The creation of unnecessary fuss around its integrity by some vested interests is very unfortunate, and it stands to undo all the years of hard work to maintain the fragile investor confidence in our economy,” he stated.

Calling for unified support to protect the refinery, Kwankwaso urged the government to act decisively. “It’s time for us to rally around this National Asset to ensure that the monumental project does not fail. It cannot fail, and the Nigerian government must understand this by demonstrating fairness and confidence in both domestic and foreign critical investments,” he concluded.

Senator Kwankwaso’s visit serves as a milestone   emphasizing the importance of national unity and governmental support in preserving and enhancing key infrastructure projects like the Dangote Refinery for the benefit of Nigeria’s future.

Continue Reading

News

Dangote, NNPC Spat: Shareholders Condemn Demarketing of Dangote Refinery

Published

on

 

Shareholders have strongly defended Africa’s foremost industrialist, Aliko Dangote over the on-going petroleum product supply controversies, while criticising the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, for deliberate attempt at demarketing Dangote Petroleum Refinery & Petrochemicals.

The shareholders under the aegis of Pragmatic Shareholders Association of Nigeria (PSAN) in a statement signed by its National Coordinator, Mrs. Bisi Bakare, expressed dismay over the recent allegations from the petroleum regulatory agency regarding the quality of diesel produced by Dangote Petroleum Refinery.

 Dangote has ensured that the bulk of his business investments are local, contributing significantly to economic development through tax payments, extensive job creation, and consistent returns for shareholders,” she added.

The shareholders group strongly condemned what they termed as “unwarranted efforts to demarket the refinery” by regulatory bodies. They cautioned that such actions could deter both local and international investors and undermine government efforts to stabilise fuel prices and ensure availability.

Best Choice Clinic

We must rally around Dangote Refinery,” Mrs. Bakare urged, “to provide crucial support such as crude oil allocation, cooperation from international oil companies, and regulatory agency collaboration.” She stressed the refinery’s potential to save Nigeria over 30% in foreign exchange currently spent on offshore refining, which could significantly alleviate the country’s foreign exchange challenges.

“As shareholders,” Mrs. Bakare affirmed, “we remain steadfast in our support of Alhaji Aliko Dangote’s vision to bolster the nation’s economy and create more opportunities for our citizens.”

PSAN is the latest to join the growing list of Nigerians rallying support for Dangote in the ongoing standoff. Prominent figures and associations such as the President of the African Development Bank Group (AfDB), Akinwumi Adesina; billionaire businessman, Femi Otedola; federal lawmakers; former Vice President and 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar; former Anambra state governor and 2023 Labour Party presidential candidate, Peter Obi; Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA); and the Manufacturers Association of Nigeria have all voiced their support for Dangote Refinery.

Continue Reading

Trending