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Dangote Sugar pays N18.22bn Dividends, to produce 170,000 Tonnes next season

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L-R: Company Secretary/Legal Adviser, Dangote Sugar Refinery Plc, Temitope Hassan; Chairman, Dangote Sugar Refinery Plc, Aliko Dangote; and Group Managing Director/CEO, Dangote Sugar Refinery Plc, Ravindra Singh Singhvi; at the Dangote Sugar Refinery Plc 17th Annual General Meeting held in Lagos on 14th April, 2023

 

 

Despite the economic headwinds that characterised 2022, Dangote Sugar Refinery Plc (DSR) will pay N18.22 billion as dividends to shareholders for the year ended December 31, 2022, while also targeting the production of over 170,000 tonnes of sugar next season. The dividend payout will translate to N1.50 kobo per share held by shareholders.

Chairman of the Company, Aliko Dangote said: “The shareholders are very happy with the way we have been running their company and also in re-investing the profit into the Backward Integration Programme (BIP) for the sugar industry. We are going to play our part in ensuring that Nigeria becomes self-sufficient in sugar within a very short period. We are not the only players, but we will surely play our part. We should be able to produce over 170,000 tonnes which are by far, in the history of Nigeria, the highest to be produced locally.”

The company recorded an impressive turnover of N403 billion, a 46 per cent increase over N276 billion recorded during the same period in the year before, and posted a Profit before Tax (PBT) of N82 billion.

Dangote attributed the company’s remarkable performance to the pragmatic approach the management deployed by focusing on continued cost and process optimisation, improved efficiencies in every area of operations, and service delivery to our customers.

He pledged that the management would continue to implement strategic actions to sustain the performance with the support of all stakeholders with complete adherence to the tenets of the Federal Government’s Sugar Master Plan.

Dangote said part of the success recorded by Dangote Sugar was made possible by the management’s continued implementation of the Dangote Sugar Development Master Plan with the rehabilitation and upgrade of the Dangote Sugar Refinery’s Numan operations, facilities and land development, as well as the development of the Nasarawa Sugar Company Limited, the greenfield sugar project, and Tunga in Nasarawa State.

He said: “Concerted efforts were made during the year to rise above the various challenges that came about due to the COVID–19 lockdown which affected project timelines considerably and continued to generally impact economic activities due to its spill-over effect, which also led to the lack of forex to finance most of the project deliverables.

“We however continued to surge ahead supported by the various stakeholders in the industry and government parastatals, with the resolve to ensure that the goals of the Nigeria Sugar Development Master Plan are achieved.”

The Company Chairman noted that during the year under review, the first phase of the Sugar Master Plan implementation period came to an end and that the Federal Government approved the second phase over the next 10 years. “This extension came on the back of the review of the first phase by the National Sugar Development Council and other government parastatals with cognisance of the challenges and several circumstances that were unforeseen which riddled the first phase of the programme,” he added.

Dangote stated that the board and management were, however, focused on the achievement of the goals of the strategic initiative, and thus considerable progress was recorded in the project development, despite the numerous challenges faced.

Not minding the obstacles ahead, Dangote promised that the management would continue to create sustainable value for all stakeholders through an inclusive approach to growth and development, with continuous engagement with all parties, to enable the company make a positive impact, support poverty eradication and food security, infrastructure development, empowerment for members of the immediate communities, and the society at large.

In her remarks, the Coordinator of the Pragmatic Shareholders Association, Mrs. Adebisi Bakare expressed the satisfaction of shareholders with the performance of the company, noting that despite all the encumbrances in the sugar sub-sector of the economy, the company still performed far and above the previous year.

She urged the board and the management to continue in the direction they have taken to get the company to the current winning, assuring that the management has the support of the shareholders to post even better performance in the coming years

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NUJ Inaugurates Kano Online Media Chapel, Comrade Dangambo Emerges Chairman

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Comrade Dangambo taking the oath before Kano council chairman Comrade Sulaiman Dederi

 

The Nigeria Union of Journalists has inaugurated the Kano Online Media Chapel in accordance with the constitution of the NUJ.

During the inauguration of the Kano Online Media Chapel, the chairman of the inauguration committee and a veteran journalist with fifty years of experience, Alhaji Ahmad Aminu, told the gathering that social media is now integral to information and communication technology. He lauded the Kano State Ministry of Information under Comrade Ibrahim Waiya for its efforts in bringing online journalists under one umbrella.

Alhaji Ahmad Aminu urged the online media to relay information that is reliable, honorable, tangible, and objective. He emphasized the importance of working alongside the traditional media in the state, which comprises over 30 radio stations and television outlets.

Other excos taking the oath of office

Other excos taking the oath of office

The veteran journalist stated that one of the greatest challenges faced by Kano is the language of criticism used by some youth through the media. He lamented that Kano has developed a reputation for disrespectful discourse, noting that neighboring states are ashamed of what is happening in Kano.

He reminded the gathering to follow the code of ethics by being reliable and dependable, releasing information aligned with societal growth and development. He urged online media practitioners to avoid sensationalism and exaggeration, operate within societal norms, and ensure every piece of information is verified before dissemination.

In his address, the Kano State Commissioner of Information and Internal Affairs, Comrade Ibrahim Waiya, expressed his long-standing support for journalism and affirmed his belief in the nobility of the profession. He reiterated his determination to uphold these values.

Nigeria Tracker reports that Comrade Ibrahim Waiya stated that April 27th is a historic day with the inauguration of the online media chapel.

“We support this process and aim to bring reforms to the information sector. What is happening in the media space is quite unfortunate, and we cannot change it unless we bring critical stakeholders together. We do not want Kano to be left behind in this process.”

The chapel is open for all online practitioners to register, and unity is one of its strongest pillars. In this direction, all necessary support will be provided.

On his part, the newly inaugurated chairman of the Kano Online Media Chapel, Comrade Abubakar Abdulkadir Dangambo of *Independent Post*, expressed his gratitude and commitment in his acceptance speech:

 

He said the formation of the Kano Online Media Chapel is a bold recognition of the transformative role digital platforms now play in shaping public opinion, holding power accountable, and amplifying the voices of the people. We are not here to compete with traditional media—we are here to complement, innovate, and lead the way in responsible, ethical, and impactful journalism in the digital age.

Dangambo said as your chairnan I do not take this responsibility lightly. I am committed to building a chapel that upholds professionalism, promotes unity among practitioners, and protects the interests of our members. Together, we will pursue opportunities for capacity building and partnerships that empower our members to thrive in this fast-evolving media landscape.

He said he will strive to earn the trust of the public, ensuring that the content we produce upholds the highest standards of truth, fairness, and integrity. As online journalists, we have a duty not only to inform but to inspire progress and development in our society.

‘To the honorable Commissioner of Information and Internal Affairs, Comrade Ibrahim Abdullahi Waiya, I extend my heartfelt gratitude for your support in realizing our dream for this chapel.”

The new chairman of online media chapel thanks the NUJ, specifically the national chairman and the Kano council chairman and his team, for recognizing the need for this chapel and supporting its emergence.

Nigeria Tracker reports that the Chairman of the Nigeria Union of Journalists Kano Council, Comrade Suleiman A. Dederi, administered the oath to the newly inaugurated executives of the Kano Online Media Chapel.

They are:

– Chairman:Abubakar Abdulkadir Dangambo, publisher of Independent Post

-Vice Chairman:Kahdija Aliyu, publisher of
Paradigm News

Treasurer: Abbas Yushau Yusuf, publisher of Nigeria Tracker

– Secretary: Isyaku Ahmad, publisher of Stallion Times

Auditor: Musa Ahmad Durumin Iya, publisher of Alifijir News

– Assistant Secretary:Zahrau Nasir, publisher of Daily Watch 24

– Financial Secretary: Zainab Abdurrahman Mai Agogo, publisher of Kakaki24

Nigeria Tracker reports that with the amendment of the NUJ constitution in 2022, online media has been officially incorporated into the constitution of the 70-year-old union, formally allowing the establishment of online media chapels.

With the inauguration of the Kano Online Media Chapel, Kano becomes the first state to achieve this milestone across the 19 northern states, while some southern states like Delta, Enugu, and Oyo have already inaugurated their online media chapels.

 

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Kwara State Officials Kidnapped in Highway Ambush, Police Intensify Rescue Efforts

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Some senior officials of the Kwara State Local Government Service Commission have been kidnapped by gunmen along the Omu-Aran/Ilorin Road.

The victims were abducted on Friday evening.

Those kidnapped are: the Head of the Legal Department of Oke-Ero Local Government, Elizabeth Arinde, and the Head of Personnel Management of the council, whose name could not be immediately confirmed.

It was  gathered on Saturday night that the two senior administrators were among seven individuals kidnapped at Corner Eleyin along the Omu-Aran/Ilorin Expressway while returning to Ilorin, the state capital, for the weekend on Friday, April 25, 2025.

The incident occurred at about 5:45pm where  five gunmen ambushed the two private vehicles before leading the passengers into the bush.

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The Kwara State Police Command has  confirmed the incident.

This was contained in a statement signed by the Police Public Relations Officer, SP Adetoun Ejire-Adeyemi, on behalf of the Commissioner of Police, Adekimi Ojo, on Saturday.

The statement added “The Kwara State Police Command confirms a kidnap incident reported at about 5:45 p.m. on Friday, 25th April 2025, at Eleyin village via Isanlu-Isin. It was reported that about five armed men blocked the highway, stopping two private vehicles, forcefully taking all occupants to an unknown location.

Following the report, the command, in collaboration with the military and vigilantes, launched a swift operation, leading to the successful rescue of two victims, Ganiyu Ajayi and Kolawole Adeyemi.

“Efforts are ongoing to rescue the remaining five victims and apprehend the perpetrators.

“The command has intensified security measures across the area, including aggressive bush combing, strategic patrols, and intelligence-driven operations to prevent further occurrences”

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Ja’o’ji’s Conferment : Northern Youth Groups Umbrella Commends Emir of Daura

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Yusuf Danjuma Yunusa

An umbrella platform of hundreds of Northern Youth Groups, from the 19 Northern states, commends the Emir of Daura Alhaji Umar Farouk, for his conferment of Hon Nasir Bala Ja’oji, member Governing Board, Federal College of Education (Technical) Potiskum, Yobe State, as the Adon Garin Hausa.

In a letter sent to Ja’oji by the umbrella body, signed by the Regional Chairman, Makama Dan Kaduna, after an emergency meeting in Kaduna, they all agreed Ja’oji’s contributions to youth development, cut across many states of the federation. Assuring that, he is one of the Top Ten youth leaders in the North.

While appreciating how the ruling All Progressives Congress (APC) identifies itself with Ja’oji, quoting the National Chairman of the party, Dr Abdullahi Umar Ganduje CON, who signed APC’s Message of Fecilitation, who said, “This conferment by the Daura Emirate in Katsina State is truly a befitting one for an accomplished businessman and an undisputed philanthropist,” they concurred.

According to the umbrella platform, APC was right when it observed that, “This recognition is a testament not to Hon. Ja’oji’s contributions to the development of the Hausa community and the nation at large but his dedication to the cause of human development through his empowerment initiatives from which a lot of people in our society have benefitted.”

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The letter from the platform places greater premium to Ja’oji, as great youth leader who deserves all sorts of commendation from government and the people in general.

They also revealed that,” In a recent research and opinion poll we conducted across 19 Northern states, through our professional members, it shows that Ja’oji is one of the Top Ten Youth Leaders in Northern Nigeria.”

Adding that, they would soon unveil the result of their opinion poll and organize an Award ceremony for the individual winners,” But we will start with Honourable Nasir Bala Ja’o’ji as one of the frontliners in the category of Ten Most Influential Youth Leaders in the North,” they disclosed.

“Emir of Daura’s decision to confer Ja’o’ji with the traditional title of Adon Garin Hausa, speaks a lot in authenticating our result,” they defended.

They also concurred with the APC National Chairman in his argument, that Ja’o’ji “Indeed, touching lives positively in our society can be described as the trademark of Ja’oji, an epitome of humility who gives and not allowing his left hand to know what his right hand is giving as an offering.”

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