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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.

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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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Ibrahim Little Condemns Attack on Journalists, Calls for Government Commitment to Ending Thuggery

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The gubernatorial candidate of the African Democratic Congress (ADC), Alhaji Ibrahim Ali Amin Little, has condemned the recent attack on journalists covering the All Progressives Congress (APC) rally at the Sani Abacha Stadium in Kano on Saturday

Little, in a statement signed by his Executive Assistant, Adnan Mukhtar, described the attack as unfortunate and unacceptable, calling on security agencies to demonstrate greater commitment to ending political thuggery in the state.

“Politicians are guilty of recruiting and using thugs during political rallies, and I believe this is absolutely wrong. Such actions contribute to the destruction of the future of our young people by exposing them to immoral and criminal activities.

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“It is important that we tell ourselves the truth. A government that claims to be fighting thuggery, phone snatching and drug abuse should not be seen sponsoring or encouraging thugs to attend political rallies. This is unfortunate, unacceptable and uncalled for.

“Political rallies should be platforms for presenting ideas, engaging citizens and seeking their support, rather than breeding grounds for violence and criminality.”

Little extended his sympathy to the Nigerian Union of Journalists (NUJ), the affected journalists and all other victims of the incident.

He assured the people of Kano that, if elected, his administration would have zero tolerance for political thuggery and other forms of violence, stressing that his government would prioritise the protection of lives and property and create an environment where journalists and citizens can carry out their legitimate activities without fear.

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Kano Allocates N27.8bn for ICT, CBT Centres Across 44 LGAs

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The Kano State Government has earmarked N27.806 billion for the establishment of Information and Communication Technology (ICT) and Computer-Based Test (CBT) centres across the state’s 44 Local Government Areas (LGAs).

The Commissioner for Local Government and Chieftaincy Affairs, Muhammad Tajuddin Uthman, disclosed this while addressing journalists at the Kano Press Centre, where he outlined a number of initiatives being undertaken by the government to improve security, education, healthcare and access to technology across the state.

Uthman said the proposed ICT and CBT centres would be established in each of the 44 LGAs to provide residents, particularly students, with access to computers and digital examination facilities without having to travel long distances to Kano metropolis.

The commissioner explained that the initiative was designed to address the difficulties faced by students from rural communities who are required to travel to the state capital to sit for examinations conducted electronically.

According to him, the government considers the establishment of the centres necessary because examinations and other important services are increasingly moving online, making access to computers and reliable internet-enabled facilities essential for students and other members of the public.

Uthman cited areas such as Dambatta and Gaya as examples of communities where students sometimes have to travel to Kano to access CBT facilities, stressing that the new centres would bring such services closer to the people.

He said the centres would not be restricted to examinations, as residents of the respective LGAs would also have opportunities to use the computers and other facilities for various digital activities, thereby improving their digital literacy and access to online services.

The commissioner disclosed that each of the proposed centres would have three compartments, with each compartment designed to accommodate 100 students at a time, giving each centre a total capacity of 300 students.

Uthman further stated that each centre would be equipped with 300 computers to ensure that a large number of candidates could participate in computer-based examinations and other digital activities simultaneously.

He explained that the government was also making provisions for uninterrupted power supply at the centres, with electricity expected to be supported through the Kano Electricity Distribution Company (KEDCO), generators and solar-powered systems.

According to him, the centres would operate on a 24-hour basis to maximise their usefulness and ensure that students, residents and other users could access the facilities beyond conventional working hours.

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Uthman said users would be required to pay affordable charges for some of the services provided at the centres, explaining that the fees would help sustain the facilities, maintain the equipment and ensure that the centres remain functional after their establishment.

On security, the commissioner said the state government was strengthening existing security arrangements in the 44 LGAs through additional measures, including the deployment of forest guards to areas where insecurity has been identified as a challenge.

Uthman said the additional security arrangements were aimed at improving rapid response to security threats and enhancing the safety of residents, particularly in local government areas and communities considered vulnerable to attacks.

He further disclosed that military bases would be established in strategic locations across the state as part of measures to strengthen security and improve the government’s ability to respond quickly to emerging threats.

The commissioner said the government was determined to ensure that security challenges did not prevent residents in rural communities from accessing government services, education, healthcare and other opportunities.

On healthcare, Uthman announced plans to provide a rural emergency ambulance for wards across the state’s 44 LGAs as part of efforts to improve access to emergency and basic healthcare services for people living in rural communities.

He explained that the ambulances would be designed specifically for rural environments and would help transport patients requiring urgent medical attention from remote communities to appropriate healthcare facilities.

According to the commissioner, the ambulances would be in the form of tricycles adapted for emergency medical transportation, making them suitable for communities and roads where conventional ambulances may experience difficulties.

Uthman added that each ambulance would have two drivers assigned to it to ensure availability and continuity of service, while qualified drivers would be recruited by the government to operate the vehicles.

He said the rural ambulance programme was specifically intended to bring emergency healthcare closer to rural dwellers and reduce delays in transporting patients to health facilities.

The commissioner also disclosed plans to establish electric vehicle charging points in the metropolitan area as part of the government’s efforts to promote cheaper and more sustainable transportation.

Uthman said the charging infrastructure would support users of electric motorcycles and electric tricycles and would make it easier for residents to adopt electric vehicles as an alternative means of transportation.

He explained that increasing access to charging facilities would contribute to reducing the cost of transportation for residents while also supporting the state’s transition towards cleaner energy-powered mobility.

The commissioner commended Abba Bichi for his contribution towards the provision of solar-powered facilities, describing such initiatives as important to the state’s efforts to expand access to reliable and alternative sources of electricity.

Uthman also said the state government would continue its efforts to revive entrepreneurship, stressing that the development of small businesses and self-employment opportunities remained an important part of its strategy for improving livelihoods and economic opportunities for residents.

He said the various initiatives in ICT, healthcare, security, renewable energy and entrepreneurship were aimed at bringing government services and opportunities closer to residents across the 44 LGAs, particularly those living in rural communities.

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Governor Yusuf celebrates Abdulmumin Jibrin Kofa at 50

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Kano State Governor, Alhaji Abba Kabir Yusuf, has congratulated the member representing Kiru/Bebeji Federal Constituency in the House of Representatives, Hon. Dr. Abdulmumin Jibrin Kofa, on his 50th birthday.

This was contained in a statement issued by the governor’s spokesman, Sunusi Bature Dawakin Tofa, on Monday.

Governor Yusuf described Kofa as a distinguished son of Kano whose contributions to his constituency, the state and Nigeria have earned him recognition and commendation.

The Governor praised Kofa for his outstanding performance in the National Assembly, where he has served in several key capacities, including Chairman of the Committees on Finance, Appropriations, Transport and Foreign Affairs, and currently Housing and Habitat.

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According to Governor Yusuf, Kofa has demonstrated strong legislative capacity through effective representation, advocacy and initiatives aimed at improving the welfare of his constituents.

He also acknowledged Kofa’s contributions to the housing sector and national development during his service at the Federal Housing Authority.

Governor Yusuf commended the lawmaker for his continued focus on grassroots development, particularly through empowerment programmes targeting youths, women, farmers, entrepreneurs and vulnerable members of society.

He said Kofa’s interventions, including provision of working tools, business support, vocational training, educational assistance and agricultural initiatives, have helped create opportunities for many constituents to improve their livelihoods.

“You are a fine lawmaker who has demonstrated effective representation of your people. Your empowerment and human development initiatives for the people of Kiru/Bebeji Federal Constituency are remarkable and worthy of emulation,” the Governor said.

Governor Yusuf further described Kofa as a public servant who has combined legislative responsibilities with direct engagement with the grassroots, ensuring that the concerns and needs of his constituents receive attention.

He noted that Kofa’s experience as a businessman, lecturer, public servant and legislator has enabled him to make meaningful contributions to national discussions and issues affecting Kano State.

“Having attained so much at 50, Kano State is proud of you and appreciates your contributions to the development of our state and country,” Governor Yusuf said.

The Governor wished Dr. Abdulmumin Jibrin Kofa many more years of good health, happiness and success, while praying that Almighty Allah grants him the wisdom and strength to continue serving humanity.

He also prayed for greater opportunities for the celebrant to contribute to the growth and development of Kano State and Nigeria.

 

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