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Dangote Sugar posts N36.27 billion profit in nine months  

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Aliko Dangote

 

Nigeria’s largest sugar refinery, Dangote Sugar Refinery Plc has announced a profit before tax (PBT) of N36.27 billion for the nine months ended September 30, 2022. According to the sugar refiner’s unaudited results posted on the Nigerian Exchange portal, PBT rose by N13.17 billion compared to N23.10 billion posted in the corresponding period in 2022.

Profit after tax (PAT) rose from N15.51 billion to N24.83 billion while revenue went up from N195.50 billion to N288.32 billion.

Group managing director, Dangote Sugar Refinery Plc, Ravindra Singhvi in his remarks attributed the positive results in the nine months to key trade interventions introduced during the year and   positive market responses. He said, “Our impressive performance in the period demonstrates our resilience in the face of prevalent challenges, which rightly reflected in strong topline growth shown in the financial results.”

Dangote: Priority Investments in Infrastructure, Core Industries will Boost Nigeria’s Economy

It should be recalled that Dangote Sugar Refinery recorded a profit before tax (PBT) of N29.73 billion for the half year ended June 30, 2022 while profit after tax (PAT) hit N20.24 billion in that period.

Meanwhile, Dangote Sugar Refinery has continued to implement its sugar backward integration projects plans and the enhancement of its Outgrowers Scheme to support the economic growth of the immediate communities. The aim is to develop a robust outgrower scheme with about 5,000 outgrowers when the projects have fully taken off, in addition to the achievement of other targets of its Sugar for Nigeria Project plan.

The key focus is of the sugar refiner is achievement of the Dangote Sugar Backward Integration Projects targets and put Nigeria on the path of sugar self-sufficiency and the world sugar map.

Employee Health & Safety as well as that of its partners remains a top priority at the company’s operations at the Apapa Refinery, its Sugar Backward Integration Operations in Numan, Adamawa State and Tunga, Nasarawa State. All processes are 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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NUJ Online Chapel Inaugurated In Enugu

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New exceutives

 

Nigeria Union of Journalists (NUJ) Enugu state Council has inaugurated a new Chapel; Corporate Online Chapel, bringing to Eleven, the number of Chapels in the Council.

Performing the inauguration of the newest chapel which has Comrade Clinton Umeh, Publisher of Journalist101 as the Chairman, on Thursday at the Rt. Hon.(Dr.) Ifeanyi Ugwuanyi NUJ Press Center, Enugu, the Council Chairman, Comrade Sam Udekwe said the election of the Executive members of the chapel in their last Congress, marked the beginning of the Online Chapel.

He urged the Executives “to ensure that the members of the chapel comply with what we believe in as members of this profession’”

Comrade Udekwe further said, “this is a very promising chapel. You have your membership now I want to assure you that more members will come in. You know what it takes to be qualified to be a member and we expect you to take this to heart while admitting new members because It is not open to just anybody . It is not open to all bloggers , that’s why we say it is Corporate Online. It’s for online practitioners that are Journalists.

There are online publishers that are not Journalists. That’s why we want you to make a difference. So, we want you to show the society that there are online practitioners, the ones that are members of NUJ,” he said.

He charged the executives to take care of their members in line with the tenets of the NUJ profession and maintain peace between themselves anf other members including the NUJ.

Responding on behalf of other members, the Chairman of the Online Chapel, Comrade Clinton Umeh thanked the President of the Nigeria Union of Journalists, Comrade Chris Isiguzo for their foresight in creating the Online chapel.

He assured that “members of the Chapel will live up to expectations and work in accordance with what the Constitution says.

This Chapel is a new dawn in online practice and will provide a platform for us to unite all that are qualified under one umbrella to ensure professionalism in the discharge of our duties as Journalists.”

He also thanked the chairman of the state council and members of his executive for their guidance and direction to help the chapel see the light of the day.

The newly inaugurated executive members are:
Comrade Clinton Umeh Chairman,
Comrade Jonathan Emmanuel Ikechukwu (First News)— ViceChairman
Comrade Odomero Igbodo (Dome TV)—Secretary
Comrade Christian Nwangene ( Aproko Republic)— Assistant Secretary
Comrade Maureen Ikpeama ( Newsline Global)—Treasurer
Comrade Sebastine Okafor— (Journalist 101) Internal Auditor
Comrade Emmanuel Terwase ( Afriquecast)—Financial Secretary.

The event was witnessed by the Vice Chairman of NUJ, Comrade Regis Anikworji, the Secretary, Comrade Ifeoma Amuta, Comrade and among other members.

Journalist 101

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Defence Headquarters Declares 8 Wanted Over Killing Of Soldiers

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The Nigerian Defence Headquarters has issued a declaration naming 8 individuals wanted in connection with the heinous killing of Late Lt. Col. AH Ali and 16 other troops in Okuama, Delta State, on March 14, 2024.

The announcement was made via the verified Defence Headquarters’ X handle on Thursday.

The wanted persons are identified as:

1. Akevwru Daniel Omotegbono (Amagbem)

2. Prof. Ekpokpo Arthur

3. Andaowei Denis Bakriri

4. Igoli Ebi

5. Akata Malawa David Sinclair Okili

6. Clement Ikolo Oghenerukvwe

7. Reuben Baru

It could be recalls  that the 17 fallen heroes were laid to rest at the National Military Cemetery, with President Bola Ahmed Tinubu honoring their memory.

 

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President Tinubu Attends Burial of Slain Soldiers, Offers Scholarships to Families

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President Bola Ahmad Tinubu paying his respect to Slain Soldiers

 

President Bola Tinubu says the federal government will provide scholarships up to the university level for all the children, including the unborn, of the Nigerian Army personnel killed in action at Okuama community in Delta State.

The President, who announced this at the funeral of the personnel at the National Military Cemetery, Abuja, on Wednesday, directed the military authorities to ensure that the benefits of the departed are paid to their families within 90 days.

The President also declared that the federal government would provide a house in any part of the nation to each of the families of the four officers and thirteen soldiers.

At the solemn event attended by some state governors, the military hierarchy, and families of the deceased, the President bestowed posthumous National Honours on the 17 fallen heroes.

Lt Col Ali, Major D.E Obi, Major S.D. Ashafa, and Captain U. Zakari were given the honour of Member of the Order of Niger (MON).

Staff Sergeant Yahaya Saidu, Corporal Danbaba Yahaya, Corporal Kabir Bashir, Lance Corporals Abdullahi Ibrahim, Bulus Haruna, Sole Opeyemi, Bello Anas, Private Alhaji Isah, Clement Francis, Abubakar Ali, Adamu Ibrahim, Hamman Peter, and Ibrahim Adamu were awarded Federal Republic Medals.

“On the 14th day of March, Lt. Colonel A. H. Ali, the Commanding Officer of 181 Amphibious Battalion, led three other officers and 13 soldiers to the Okuama Community to mediate in the lingering dispute with Okoloba Community.

“They went as peacemakers and peacekeepers respectfully seeking to bring an end to the hostilities between the two communities.

“They did not go with tanks, machine guns, and other weapons. They were on a mission of peace.

“Before the dastardly attack, Lt. Colonel Ali, as the Chief of Army Staff narrated to me, achieved great operational exploits; fighting terrorists and insurgents in the North East and North West before his deployment to the Niger Delta.

“Ali kept faith with his military calling until the end.

“On behalf of a grateful nation, we honour the sacrifice of Ali and the other gallant patriots who died that day. They will forever be remembered as heroes who answered the call of duty and paid the ultimate price,” the President said.

Reaffirming government’s commitment to justice, President Tinubu vowed to bring the perpetrators of this heinous crime to account.

While commending the military for not embarking on a reprisal attack on the community, the President declared: “I want to make it clear, once more, that those who committed this heinous crime will not go unpunished. We will find them, and our departed heroes will get justice.

“The elders and chiefs of Okuama also must help the military in fishing out the gunmen who committed the barbaric crime against our men.

“I wish to commend our Armed Forces for their restraint in choosing not to carry out any reprisal attacks on Okuama or its neighbouring communities. We must all ensure that the innocent people of Okuama are not made to bear the punishment of the guilty and wicked among them,” the President stated.

President Tinubu, while commiserating with the families of the fallen heroes and the entire Armed Forces, prayed God Almighty to comfort the bereaved.

“It is worth restating the debt of gratitude we owe these valiant soldiers and their families.

“As Commander-In-Chief, I do not take the contributions of members of our Armed Forces for granted. I recognize your valour and bravery. I honour your unflinching commitment to making our country safe from criminals, bandits, kidnappers, and insurrectionists.

“While we continue to grieve for the courageous men we lost that day, let us also, on this solemn occasion, be reminded of the unfinished business of working for peace and harmony in our communities. We must begin to rebuild our communities and make them into places where love, tolerance, and harmony will reign.

‘‘Leaders at all levels, especially community leaders and traditional rulers, must work to strengthen the bonds that unite us. We must end the cycle of violence and bloodletting,” the President said.

President Tinubu urged the Armed Forces not to be discouraged by the death of their fellow compatriots but to honour their memory by rededicating themselves to the service and defence of the nation.

“As the Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, I have a message for you: Do not let the death of your compatriots discourage you.

‘‘There is no higher honour than the vocation you have chosen to pursue. We cherish you. We cherish your labour of love. We salute your daily sacrifice in protecting your fellow citizens from danger. We acknowledge your sacrifices to defend our nation,” the Commander-in-Chief affirmed.

 

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