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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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APC Ends Speculation, Unveils Shettima as Tinubu’s 2027 Running Mate

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By Yusuf Danjuma Yunusa

The All Progressives Congress (APC) has finally laid to rest months of intense speculation over the party’s presidential ticket for the 2027 general election, formally presenting Vice President Kashim Shettima as President Bola Ahmed Tinubu’s running mate.

A meeting of the party’s National Working Committee (NWC) alongside top party leaders is currently underway at the Continental Hotel in Abuja to seal the announcement. Senior APC leaders at the venue confirmed to Politics Digest that President Tinubu has re-nominated Shettima, effectively reaffirming the partnership that delivered victory for the party in the 2023 presidential poll.

The decision comes after months of speculation that the President might replace his deputy with a northern Christian candidate ahead of the election, a move that would have significantly altered the religious composition of the ticket. Friday’s development represents the clearest indication yet that the President has chosen continuity over political recalibration.

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According to THEWILL, Tinubu’s decision was conveyed through his Special Adviser on Political Affairs, Ibrahim Masari, during the meeting. Masari presented the President’s nomination form to the APC leadership and simultaneously submitted Shettima’s nomination form, officially confirming the Vice President as the running mate.

The ceremony was attended by members of the APC National Working Committee, some governors, and members of the National Assembly elected on the party’s platform, who witnessed the formal presentation of the nomination documents. Also present were members of the Progressive Governors Forum (PGF), led by its Chairman and Governor of Imo State, Senator Hope Uzodinma.

The announcement puts to rest sustained debate over the fate of the Vice President, who has faced repeated questions about his position on the ticket since the 2023 election. With this formal unveiling, the Tinubu-Shettima ticket is now set for the 2027 presidential race.

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Gombe Assembly Screens, Confirms Hon. Maigari as Commissioner, thrice

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By: Umar Umar

 

The Gombe State House of Assembly has screened and confirmed Prof (Hon) Aishatu Umaru Maigari as a substantive commissioner following her nomination by the executive governor of Gombe State Alhaji Muhammad Inuwa Yahaya as part of efforts to restructure the state’s Executive Council.

Her confirmation followed the governor’s submission of her name alongside those of other nominees to the House of Assembly for screening in accordance with constitutional provisions.

The confirmation marks another chapter in Maigari’s public service career under the administration of Governor Muhammad Inuwa Yahaya, having previously served in key positions in the state cabinet.

Maigari was first appointed Commissioner for Science, Technology and Innovation in 2019, a position she held until 2022.

Following a cabinet reshuffle by Governor Inuwa Yahaya in 2022, she was redeployed to the Ministry of Education, where she served as Commissioner for Education until 2023.

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After the governor secured a second term in office, she was reappointed and continued to head the Ministry of Education from 2023 until 2026, when the governor dissolved the State Executive Council as part of plans to reconstitute the cabinet.

Her latest screening and confirmation by the House of Assembly clears the way for her return to the cabinet following her reappointment by Governor Inuwa Yahaya.

Over the years, Prof. Maigari has earned recognition for her contributions to public service, particularly in the Education and Science sectors.

During her tenure, she participated in the implementation of government policies aimed at improving education delivery, promoting innovation and strengthening institutional development in Gombe State.

Beyond her official responsibilities, Maigari is widely regarded by supporters and political associates as a grassroots politician who has maintained close contact with her constituents through various empowerment initiatives and community engagement programmes.

Supporters say she has consistently demonstrated commitment to improving the welfare of ordinary citizens through interventions targeted at women, youths and vulnerable groups across communities.

She has also been described by colleagues, associates and supporters as a leader who maintains cordial working relationships with employees at all levels. Those who have worked with her say she is approachable, encourages teamwork and promotes cooperation among both junior and senior staff in the various ministries where she has served.

Political observers believe her reappointment reflects Governor Inuwa Yahaya’s confidence in her experience and administrative capacity as the administration seeks to strengthen governance and accelerate the implementation of its development agenda.

The reconstitution of the State Executive Council is expected to inject fresh momentum into the government’s programmes and policies, with the newly confirmed commissioners expected to contribute their experience toward improving service delivery and socio-economic development across Gombe State.

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MAAUN Clarifies Status of Former Visiting Lecturer, Reaffirms Zero-Tolerance Policy on Sexual Harassment

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The management of Maryam Abacha American University of Nigeria (MAAUN) has clarified that Dr. Nasa’i Gwadabe, a lecturer from North West University, Kano, is no longer affiliated with the institution, following the expiration of his one-year appointment as a Visiting Lecturer in May 2026. The university said the clarification became necessary in response to reports circulating on social media linking him to the institution.

In a statement issued by the university management, MAAUN explained that Dr. Gwadabe’s appointment ended in May 2026 and was not renewed. According to the statement, he is therefore no longer a member of the university’s academic staff and should not be described as such in media reports or public discussions.

The university stated that Visiting Lecturers are employed on one-year contracts, with renewal dependent on satisfactory performance, institutional requirements, and management approval. It added that Dr. Gwadabe’s contract was not renewed at the end of its tenure, noting that the same decision applied to a number of other Visiting Lecturers whose appointments also expired.

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Reaffirming its stance on misconduct, the management said MAAUN maintains a zero-tolerance policy on sexual harassment, abuse, and exploitation. According to the statement, the policy is regularly communicated to members of the university community as part of efforts to promote a safe learning environment.

The university further disclosed that its Founder has introduced a ₦5 million reward for any female student who reports and provides credible evidence of sexual harassment or sexual assault involving any lecturer or staff member through the university’s established reporting channels. The management said the initiative demonstrates the institution’s commitment to addressing allegations of misconduct and protecting students.

MAAUN also rejected what it described as inaccurate claims circulating in connection with the matter. According to the management, reports alleging that a student was delayed for two years are false, noting that the university only recently graduated its first set of students.

The institution also dismissed claims that a postgraduate student was among the alleged victims. The management explained that MAAUN has not yet commenced postgraduate programmes, making such assertions factually incorrect.

The university urged members of the public and media organisations to verify information before publication and to refrain from referring to Dr. Nasa’i Gwadabe as a current member of staff, stressing that his association with the institution ended when his appointment expired in May 2026.

The management reiterated that MAAUN remains committed to upholding the highest standards of integrity, transparency, accountability, and academic excellence while continuing to enforce policies aimed at ensuring the welfare and safety of students and staff.

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