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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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Breaking: Man Sets Mosque Ablaze During Subhi Prayers

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A disturbing incident unfolded in Laraba Abasawa, Gezawa Local Government Area of Kano State as an unidentified man set fire to a mosque during the early hours of Wednesday morning.

The arson attack occurred while worshippers were observing the ‘Subh’ prayer, resulting in harm to members of the community.

According to reports from the Daily Trust, the assailant used petrol to ignite the fire, trapping approximately 40 worshippers inside the mosque. The perpetrator then locked the mosque, exacerbating the situation and hindering the victims’ escape.

A member of the community, who preferred to remain anonymous, recounted the harrowing ordeal, stating that it took some time for people outside to become aware of the incident and rescue those trapped inside. Eventually, bystanders managed to break open the mosque’s doors and rescue the worshippers.

Tragically, at least 20 worshippers sustained serious injuries in the attack and were promptly rushed to the Murtala Muhammad Specialist Hospital in Kano for medical treatment.

This reprehensible act of violence against worshippers has shocked the community and raised concerns about the safety and security of religious institutions in the region.

Authorities are expected to conduct a thorough investigation into the incident and apprehend the perpetrator to ensure justice is served and prevent similar incidents in the future.

Daily Trust

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Rep. Bichi Hails President Tinubu For Approving 238 Billion Naira Kano Northern Bypass Construction

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Rep Kabiru Abubakar Bichi

 

President Bola Ahmed Tinubu GCFR has approved the construction of the Kano Northern Bypass, marking a significant step towards enhancing the state’s infrastructure. The approval came during a session of the Federal Executive Council held on Tuesday, May 14, 2024.

The ambitious project, estimated to cost N238 billion ($580 million), promises to revolutionize transportation and commerce in Kano, positioning it as a key hub not only within northern Nigeria but across West Africa. The bypass is hailed as a long-awaited solution to traffic congestion and logistical challenges, expected to streamline the movement of goods and services.

Hon. Abubakar Kabir Abubakar, Member of the Bichi Federal Constituency and Chairman of the House Committee on Appropriations, expressed elation at the presidential nod for the project. He emphasized its potential to catalyze economic growth by facilitating the establishment of industrial clusters and generating employment opportunities for Kano’s burgeoning population.

The decision underscores President Tinubu’s commitment to prioritizing critical infrastructure development as a catalyst for socio-economic transformation. Acknowledging the significance of the investment, Hon. Abubakar extended gratitude to the president, voicing support from the people of Kano State.

In a statement of gratitude, he offered prayers for President Tinubu’s continued wisdom, health, and leadership, echoing the sentiment that under his guidance, the nation would ascend to greater heights.

The approval of the Kano Northern Bypass marks a milestone in Nigeria’s infrastructure development, promising tangible benefits for the region’s residents and businesses while signaling a broader commitment to national progress.

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17 year old found wearing belts suspected to be bomb

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By Asile Abel,Jos

Residents around the UBA bank in Dadin Kowa, Jos South, Plateau State has prevented a bomb attack after a seventeen year old boy, Benjamin Basil was found in the bank wearing belts packed with suspected Person Borne Improvised Explosive Device.

According to eye witness, the residents spotted the suspect strapped a bomb to his body and apprehended him before he could carry out his objective on Monday, 13th May

However, when asked why he was strapped and ready to detonate the explosives, he said he was forced by unknown Gunmen to forcefully get 100 million naira from the bank.

“I met some people who said if I don’t cooperate with them, they will explode me and I will just die. And everyone in the bank will die. Then I said, okay, I’m willing to cooperate. But first of all, let me try and document it. In the beginning of the note I wrote read from beginning to the end. Then I showed them. At that point I realized that they couldn’t read. So I took advantage of the situation.

“I Wrote to inform the cashier that I’m wrapped in suicide bomb at gunpoint. And I’m doing this against my will, I told him so that he will call for help. They also told me that when I come out With the 100 million naira Iam to collect from the bank in the two bags they gave me, twelve of their men will be waiting outside and they will collect the bag from me. Then they will disconnect the bomb from their own side”

Reacting to the incident while briefing the commissioner of Police Plateau state command, Emmanuel Adesina however denied that it was not a bomb, he explained that the individual, identified as Benjamin Basil, a student of Plateau State Polytechnic, Barkin Ladi Heipang Campus, entered the bank premises and threatened to detonate explosives unless his monetary demands were met.

Adesina while appreciating the swift action of police officers and local residents, added that the suspect was apprehended before any harm could be inflicted, averting a potential catastrophic incident.

He noted that the case of the suspected suicide bomber is presently under thorough investigation by the state Criminal Investigation Department (CID) to ascertain the veracity of his claims and identify any potential accomplices.

“On 13th May, 2024 at about 12pm, we received a distress call from UBA Sparkling Junction, Dadin Kowa, reporting a suspected armed robber who had entered the banking hall with suspected explosive devices tied around his body, and handed over a note to the cashier demanding for the sum of 100 Million naira under the threat that the explosives would be detonated if his request is not granted.

“The bank attendant immediately reported to the manager of the bank who swiftly reported to the Police at Rantya division and evacuated the customers from the bank. On sighting the Police vehicle, the suspect panicked and started running out of the bank. In the process, our Police officers posted at the bank saw him running and pursued him with the help of the youths in the area, the suspect was arrested. His name is Benjamin Basil male, a student of Plateau State Polytechnic, Barkin Ladi Heipang Campus.The case is currently under investigation at the state CID, to ascertain the validity of his claims and arrest possible suspects;”

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