Guest Join UsHey Guest,
Welcome, Join our awesome community where you can discuss on various topics :-
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Much More.. or Create an Account


{myadvertisements[zone_1]}
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Dangote Commits $700 Million To Sugar Production
#1
Quote:The management of Dangote Sugar Refinery Plc has said it is committing over $700m to its sugar projects to support the Backward Integration Policy of the Federal Government to make Nigeria self-sufficient in sugar production.

According to a statement issued on Sunday by Dangote Industries Limited, the company disclosed this to visiting members of the Nasarawa House of Assembly on Friday.

The company noted that Nigeria was one of the sub-Saharan Africa’s largest importers of sugar, second only to South Africa with an annual import of over $337m.

The Dangote Sugar management however assured the lawmakers that with the completion of its sugar projects in Nasarawa and Adamawa under the BIP, the nation would be saved more than half of the forex expended on sugar imports annually.

It added that the investment would also lift its people as other people-oriented infrastructures would come with the sugar projects.

The state lawmakers commended the Dangote Group for choice of the state for the project and the accelerated pace with which the project was being executed, despite occasional delays arising from communal disagreements.

General Manager for the BIP, Dangote Sugar, John Beverley said when the factory was fully operational, it would have the capacity to crush 12,000 tons of cane per day, while 90MW power would be generated for both the company’s use and host communities.

He also disclosed that some 500km roads in all would be constructed to ease transportation within the vicinity. He solicited the support of the lawmakers in controlling the menace of land encroachment by settlers and itinerant farmers.

The Speaker of the Nasarawa State House of Assembly, Ibrahim Abdullah, and his team members, who were conducted round the company’s 78,000 hectares BIP in Tunga Awe Local Government Area commended the company for the project.

Abdullah noted that it would not only open up opportunities in the state but in Africa as a whole, and said the lawmakers were ready to partner and support the company towards the realisation of the sugar project through relevant legislations.

When the phase II of the project is completed, according to the company, it will make it the largest sugar refining plant in Africa.


https://punchng.com/dangote-commits-700m-to-sugar-production/

[Image: 13414797_alikodangote_jpegf88846712a384b...a8aa017c42]
Reply
{myadvertisements[zone_3]}


Possibly Related Threads...
Thread Author Replies Views Last Post
  FG grants Dangote cement ₦22.32bn tax credit Edoman 0 112 04-30-2021, 08:17 AM
Last Post: Edoman
  Dangote: Cement price from our Factories is between N2,450 and N2,510 per Bag, VAT in Edoman 0 92 04-14-2021, 09:55 AM
Last Post: Edoman
  Dangote Is Selling Cement For 1,150 Naira In Zambia Edoman 0 128 04-06-2021, 10:19 PM
Last Post: Edoman
  Dangote Cement To Pay Over ₦97 Billion In Corporate Tax For 2020 Financial Year Edoman 0 145 03-24-2021, 07:27 AM
Last Post: Edoman
  Dangote Sugar Refinery In Niger State Shut Down Edoman 0 139 03-13-2021, 11:08 PM
Last Post: Edoman
  Kano Inland Port To Cost $27 Million, Ready In December Edoman 0 139 03-06-2021, 09:08 AM
Last Post: Edoman
  Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF Edoman 0 193 02-11-2021, 07:23 AM
Last Post: Edoman
  Africa's richest man, Aliko Dangote reportedly losses $900 million in just 24 hours Edoman 0 188 01-11-2021, 03:03 PM
Last Post: Edoman



Users browsing this thread: 1 Guest(s)

{myadvertisements[zone_2]}

About contripeople

Contripeople forum description.

              Quick Links

              User Links

              Advertise