Dangote signs N166bn sugar production agreement with Niger State

Dangote Group has signed a Memorandum of Understanding (MoU) with Niger State Government for the establishment of a N166 billion ($450 million) state-of–the-art and fully integrated sugar complex.
 
Aliko Dangote
President, Dangote Group
Aliko Dangote, President of the Group, the project will generate over 15,000 jobs and bring about a complete economic turn-around for Niger State when completed.

The pact, which was signed at the Government House in Minna, will see the company producing raw sugarcane on 16,000 hectares of land at Lavun Local Government Area, through an out-grower scheme.

The Company, which is currently operating out-grower scheme in rice production in a number of states, currently owns Africa’s largest sugar refinery in Lagos, and a sugar cane plantation in Numan, Adamawa State.

Dangote said his investment was informed by a firm belief in the potential of the Nigerian economy, adding that the new outlay will add value and create jobs for Nigerians.

In his remarks, Governor Abubakar Sani Bello said the deal will revolutionise agriculture in his state and Nigeria. Expressing joy that the MoU was signed during his own administration, he described Dangote as the liberator of the Nigerian economy, and a dependable partner.

He urged Dangote Group to explore other investment opportunities available in the state, just as he announced that the state is open to multi-sectoral investments.


Comments

Post a Comment

Popular posts from this blog

Agric forum to encourage greater technology use by women

Image
Organizers of a one-day agricultural forum for women in Benin, the Edo State capital, have said the event will focus on increasing the awareness of available agricultural and outreach technologies for women in agriculture. The forum which will be anchored by Market Development Programme in the Niger Delta (MADE) with funding from UK Aid, is collaborating with Markets II, funded by USAID and Foundation for Partnership Initiatives in the Niger Delta, PIND and the Edo State Cooperative Farmers’ Agency is being held for womenas part of activities to mark this year’s International Women’s Day. Mr. Fidelis Ekom, MADE’s Communications and Advocacy Manager, in a statement at the weekend said the forum also seeks to facilitate mindset change for women in the adoption of modern technologies and to facilitate engagement between women in agriculture and relevant value chain actors. Ekom said the forum will bring together women farmers in aquaculture, cassava, palm oil, poultry, hon
Read more

7 FEPSAN members to produce 1m tonnes under Presidential Fertiliser Initiative

Image
Seven active blending companies within the Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) have been revived and are among the 1st of five batches that would produce 1 million tonnes of fertiliser under the Presidential Fertiliser Initiative, Thomas Etuh, President of FEPSAN has said. Etuh who disclosed this while speaking on Presidential Fertiliser Initiative noted that most of the plants owned by FEPSAN members are being revived after being dormant for over a decade. He expressed the hope that more plants would join the initiative before the end of April “Some of the blending plants which have already been supplied with raw materials including phosphate from Morocco and are blending include Fertiliser and Chemicals Ltd, Kaduna, producing 300,000 metric tonnes; Al-Yuma Fertilizer Company (300,000 metric tonnes) in Madobi-Kano; Kano Agricultural Supply Company, supplying 15 trailers daily and Golden Fertiliser based in Lagos. “Others blending plants ha
Read more

Saudi investors identify Kwara as host for proposed Agric City

Image
In a move that will further boost food security in Nigeria and contribute to the diversification agenda of the government, Zain Al-abdin Group, an investment company based in Saudi Arabia, has announced plans to set up a multi-purpose Agric City in Kwara State. Speaking to newsmen at the end of his visit to the Kwara State Governor, Alhaji Abdulfatah Ahmed in Ilorin, Zain Al-Abdin Nafawi, Chairman of Zain Al-abdin Group said the city or settlement will comprise a cluster of farms specialising in cultivation, processing and export of rice, maize and vegetables. Alhaji Abdulfatah Ahmed, Governor, Kwara State   Governor Ahmed in his welcome speech to the Saudi delegation noted that the multimillion dollar investment is in line with the state government’s plan to broaden the state’s economy, feed the people and provide feed stock for industries. He expressed delight at the decision of the Saudi group to invest in Kwara State. Nafawi who led the delegation including other
Read more