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Backward Integration: Dangote Targets 700,000MT of Refined Sugar in Four years

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L-R: Company Secretary/Legal Adviser, Dangote Sugar Refinery Plc, Temitope Hassan; Group Managing Director/CEO, Dangote Sugar Refinery Plc, Ravindra Singhvi ; Executive Director, Dangote Sugar Refinery Plc, Mariya Aliko Dangote; and Chairman, Dangote Sugar Refinery Plc, Aliko Dangote, at the Dangote Sugar Refinery Plc 18th Annual General Meeting, on Tuesday, April 30, 2024 in Lagos.

 

Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in the next four years, through its Backward Integration Programme (BIP).

Chairman of Dangote Sugar Refinery Plc, Aliko Dangote stated this at the company’s 18th Annual General Meeting (AGM) held yesterday in Lagos, just as the Nigerian Exchange released the company’s first-quarter result for 2024, indicating an increase of 20.1 per cent in its revenue to N122.7 billion.

Dangote, at the AGM, said in alignment with the Federal Government of Nigeria’s policy guidelines, DSR continues to focus on and enhance its Backward Integration Project (BIP) by deploying and reviewing project strategies to ensure efficient delivery.

He noted that the 700,000 metric tonnes would meet 50 per cent of the current market demand for refined sugar. According to him, the 10-year sugar development plan to produce 1.5 million MT of sugar per annum from locally grown sugarcane remains a germane roadmap to the attainment of the Company’s objectives.

Our focus is on achieving the revised targets set for DSR Numan Operations, Dangote Adamawa Sugar Limited, and Nasarawa Sugar Company Limited, while we are hopeful that the Taraba State Government will resolve the community payment issues that have led to the stoppage of activities at the Dangote Taraba Sugar Limited, Lau/Tau project.”

He added that “…During the year under review, despite the challenges we were faced with, the company significantly scaled up investment in the Backward Integration Projects with the ongoing expansion of the DSR Numan factory refining capacity from 3,000TCD to 9,800TCD year-end.

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The factory will be increased with an additional 5,200TCD to 15,000 TCD (tonnes of cane crushed per day) eventually to meet the need in view of the massive land development activities also going on at the site. The aim is to achieve 24,200 hectares in total by the year 2029.”

He also emphasised that despite the adverse impact on the business environment by the continuous increase in the inflationary trend, lack of liquidity and FX to fund the company’s equipment import among others for the backward integration projects, concerted efforts are ongoing to secure the needed funds for the development of the Nasarawa Sugar Company Limited project at Tunga in Awe Local Government Area of the state.

This will enable the company to put in place the needed infrastructure for the eventual commencement of full-scale production and ensure that the Dangote Sugar Backward Integration ‘Sugar for Nigeria Project’ is achieved. In the end, over $700 million investment would be committed to the Backward Integration Programme,” he added.

Dangote said that the Dangote Sugar (Ghana) Limited, was established as a subsidiary of the Company during the year under review, in line with the plan to expand its presence in the sugar industry across Africa.

On outlook, he stated that “achievement of the goals of the Sugar Backward Integration Master Plan remains our focus. This will go a long way in delivering the anticipated benefits, especially in FX savings and cushioning its impact on our operations amongst other benefits to the company, all stakeholders, and the nation.”

Group Managing Director/CEO of Dangote Sugar, Ravindra Singhvi said, “Despite these challenges, we are resolute and focused on the delivery of our business targets in the medium to long term.”

He pointed out that “as we continue to navigate through the scarcity and high cost of foreign exchange, escalating costs of raw materials amongst others, our focus is to enhance the effectiveness of our supply chain processes, optimise cost, improve our operational efficiencies and delivery on our Sugar for Nigeria backward integration project.”

He said “the target is to produce a minimum of 1.5MT refined sugar annually from locally produced sugarcane at our integrated sugar production estates, which is expected to alleviate some pressure on costs and our demand for foreign currency.

Achievement of a sustainable business remains one of our key strategies and concerted efforts were made towards sustaining the achievements we have recorded in the past,” Singhvi added.

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Turaki-Led PDP Faction to Appeal Court Ruling, Affirms Legitimacy

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By Yusuf Danjuma Yunusa

The Kabiru Turaki-led faction of the Peoples Democratic Party (PDP) has announced it will appeal a Federal High Court ruling in Ibadan that refused to grant its request for an order of mandamus. The court, in its Friday judgment, stated that granting the order would amount to reviewing decisions of courts of equal jurisdiction—a ruling the faction described as “not unexpected.”

In a statement issued by the party’s National Publicity Secretary, Ini Ememobong, and posted on his X (formerly Twitter) account, the faction confirmed it has directed its legal team to file an appeal immediately and take all necessary legal steps to defend its standing.

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Despite the legal setback, the faction asserted that its leadership, which emerged from the PDP’s Ibadan convention, remains legally intact and unaffected. The statement called on members to stay calm and resolute, assuring them there is “absolutely no cause for alarm” and that the party’s “rebirth movement remains firmly on course.”

The development is part of an ongoing internal dispute over leadership and legitimacy within the PDP, with rival factions seeking judicial affirmation. All eyes are now on the appellate courts, whose decisions could significantly influence the party’s structure and direction ahead of future political activities.

The faction expressed confidence that higher courts would ultimately uphold its position, stating it “awaits the authoritative pronouncement of the appellate courts.”

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Fayemi Denies Alleged Closed-Door Meeting with Kwankwaso

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By Yusuf Danjuma Yunusa

Former Ekiti State Governor, Dr Kayode Fayemi, has denied reports claiming that he held a closed-door meeting with former Kano State Governor, Senator Rabiu Kwankwaso, at his Abuja residence.

Fayemi, immediate past Chairman of the Nigeria Governors’ Forum, dismissed the report in a statement issued by the Head of his Media Office, Ahmad Sajoh, on Thursday, describing the claim as false and urging the public to disregard it.

The report, which circulated on X (formerly Twitter) on Wednesday, was shared by several social media handles alongside an old video clip showing Fayemi greeting Kwankwaso at his residence.

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According to the statement, the former Ekiti governor had met Kwankwaso only once in the past year and not in any private political setting.

“Dr Fayemi has only met Senator Kwankwaso once in the last year, and that occasion was at the public book launch of former Attorney-General of the Federation, Mohammed Bello Adoke, SAN,” the statement said.

It added that, “At no time has Dr Fayemi held, or is he holding, any closed-door political meeting with Senator Kwankwaso as suggested by the post.”

The former governor acknowledged that he and Kwankwaso have been friends since their time as governors, but stressed that their relationship is personal and non-partisan.

He noted that the friendship is “based on mutual respect and a shared commitment to the progress of Nigeria, rather than on any political alignment.”

Fayemi also cautioned against attempts by political actors to attach partisan interpretations to private relationships, noting that many of his friends and associates are either not involved in partisan politics or belong to different political persuasions.

The statement added that Fayemi’s associates “span the entire spectrum of Nigeria’s political terrain.”

It, therefore, reaffirmed the former governor’s commitment to national unity, principled engagement, and responsible public discourse.

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No More Sit at Home on Mondays–Anambra Govt Declares

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By Yusuf Danjuma Yunusa

The Anambra State Government has directed all categories of schools in the state to ensure full resumption of academic activities on Mondays, warning that non-compliant schools will be shut down.

According to the Commissioner for Education, Prof. Ngozi Chuma-Udeh, disclosed this in a statement on Thursday in Awka.

She said that a circular conveying the directive had already been issued to school authorities.

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“The order, given at the instance of Governor Chukwuma Soludo, applies to all public, private, mission and returned schools across the state.

“Any school that fails to resume activities on Mondays will face immediate closure,” she was quoted as saying.

This development follows the move by the Soludo administration to end the closure of schools, markets, and businesses on Mondays over the sit-at-home originally declared by the Indigenous People of Biafra to protest the detention of their leader, Mazi Nnamdi Kanu.

The Anambra State Government has recently issued an Executive Order abolishing the closure of schools on Mondays over the sit-at-home, warning that any teacher or non-tutorial staff who fails to comply will either receive 20 per cent of their salary or forfeit it entirely.

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