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Dangote Sugar boosts its $700m investment; increases Numan sugar plantation by 179% to 24,200 hectares

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Dangote ‘no longer’ richest investor on NGX, as Abdul Samad Rabiu leads in the latest ranking

Dangote Sugar boosts its $700m investment; increases Numan sugar plantation by 179% to 24,200 hectares

 

 

 

 

President of the Dangote Group, Alhaji, Aliko Dangote, has announced that the Dangote Sugar Refinery (DSR) Plc is significantly scaling up its investment in the sugar sub-sector in line with the requirement of the Nigeria Sugar Master plan (NSMP).

 

 

 

 

 

 

 

Speaking at the Flag off Ceremony of the 2022/2023 Crushing Season and Outgrower Scheme Awards in Numan, Adamawa State, Dangote said the company is making massive investments in Adamawa State through the expansion of DSR Numan sugar refining capacity from 3,000 tons of cane per day (tcd) to 6,000 tcd, 9,800 tcd and to 15,000 tcd.

 

 

Wema Bank increases benefits on its Royal Kiddies Account for Children

 

 

Noting that increasing the sugar refining capacity will require a corresponding increase in sugarcane production capacity, he revealed that the company has concluded plans to increase its sugar plantation from the current land area under cane production of about 8,700 hectares in 2022 to about 24,200 hectares within the next 7 years. He also assured that the company will double its scholarship and empowerment schemes in its host communities.

“We will continue to introduce more initiatives to support our host communities. Through these initiatives and our numerous Corporate Social Responsibility activities which are numerous to mention, DSR Numan will be able to touch the lives of the people, bringing social, economic, and infrastructural development to our host communities.”

He said: “We are thus committing over $700 million to our investment in the Backward Integration Programme (BIP) to enable us to put in place needed infrastructure for the eventual commencement of full-scale production,” he said.

Dangote further assured that Dangote Sugar will change the trajectory by making Nigeria self-sufficient in the sector.

Already, the company noted that it has spent billions of naira in developing infrastructural facilities for host communities.

Speaking, also at the event, the Minister of Industry, Trade, and Investment Otunba Adeniyi Adebayo described the Dangote Refinery as the biggest contributor to the sugar development stride of the Federal Government.

The Minister also commended Aliko Dangote and the Management staff of Dangote Sugar for their massive support through the company’s corporate social responsibility scheme which he said should be highly commended.

He said Agencies under his ministry will partner with the company to provide the technical know-how that will support the Dangote empowerment schemes in the host communities.

In the same vein, Governor of Adamawa State, Umaru Fintiri who was represented by his Deputy Crowther Seth said he was amazed by the social-economic transformation carried out by the Dangote Group, adding that it is monumental. He assured the company of the support of the state government and enjoined other corporate bodies to imbibe Dangote’s spirit of job creation across the country.

Speaking on behalf of the traditional rulers, Hama Bachama   Dr. Daniel Shaga Ismail described Dangote as God-sent and pledged that his people would continue to support the company.

Aliko Dangote further announced a Free Education for all the students of Dangote Sugar Refinery High School, among other scholarship winners announced.

The overall best Outgrower farmer, Christiana Rufus thanked the company and promised not to relent in her effort.

Six farmers mostly women emerged as overall best farmers in the contest

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OVER 3m MSMEs TO BENEFIT AS NIGERIA LAUNCHES FG/ALAT SKILLNOVATION

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OVER 3m MSMEs TO BENEFIT AS NIGERIA LAUNCHES FG/ALAT SKILLNOVATION

**No going back on creating inclusive economy, VP Shettima declares*

 

 

 

 

In a bid to support information technology revolution that would, in turn, extend the reach of economic and social interactions as well as enhance productivity growth in Nigeria, the Federal Government and ALAT have launched Skillnovation Programme.

 

 

 

 

The initiative will provide over three million Nigerians with essential digital skills required to succeed in the global economy.

 

 

 

 

Speaking during the launch of the programme at the Banquet Hall of the Presidential Villa, Abuja, on Friday, September 29, 2023, the Vice President, Sen. Kashim Shettima, described the Skillnovation as a “transformative initiative” that “ushers in a new era of digital empowerment for” Nigerians.

 

 

 

 

He said, “We are compelled to tread this path by the direction in which the world has headed, a world of disruptive technologies redefined by the fourth Industrial Revolution.

 

 

 

 

“This initiative is a response to the evolution of the modern business environment, an acknowledgment that digital skills have become the cornerstone of economic ease and expansion.”

 

 

 

 

The Vice President hinted that the gathering is one of the many to come and an occasion to reassure the nation that President Bola Ahmed Tinubu is fully committed to supporting small businesses across Nigeria.

 

 

 

 

 

The Skillnovation Programme will establish 15 state-of-the-art ICT centres, strategically placed across Nigeria, to provide individuals and businesses alike with access to cutting-edge digital training, resources, and support.

 

 

 

 

The first phase of the programme will focus on the states of Katsina, Anambra, Borno, Lagos, Oyo, and Kano, while the second phase will include Delta, Kaduna, Ogun, Bauchi, Kwara, and Ekiti States.

 

 

 

 

Giving an insight into how the country would benefit from the programme, Vice President said, “Nigeria, with its expanding MSME sector of close to 40 million, has the potential to lead business innovation beyond Africa. The Skillnovation Programme, therefore, aims to unlock this immense potential. The initiative is designed to provide the necessary tools and skills for our MSMEs to thrive and compete on the global stage.

 

 

 

“As you have witnessed, ladies and gentlemen, the Skillnovation Programme is not a mere promise; it is a resounding commitment to the Nigerian people,” the Vice President added. “It’s in pursuit of this administration’s resolve to empower our youth and MSMEs and to create a more inclusive and prosperous Nigeria. Today, we are translating that commitment into action, and we intend to be your allies in your race to take over the world through your enhanced skills.”

VP Shetimma also assured that nobody will be left out of the Skillnovation Programme, regardless of age, gender, or disability.

“There will be no disadvantaged demographic in accessing this opportunity. Our youth, women, and persons with disabilities have found friends and allies and will be favored in our proposed single-digit loan schemes for our valued MSMEs, for which talks are already ongoing with the Bank of Industry and other critical stakeholders and partners,” he stated.

The Skillnovation Programme is a significant step towards achieving the Federal Government’s vision of a digitally empowered and economically prosperous Nigeria. By providing MSMEs with the essential digital skills and support they need to succeed, the programme will help to create jobs, boost economic growth, and improve the lives of millions of Nigerians.

Earlier in his welcome address, the Senior Special Assistant to the President on Job Creation and MSMEs, Mr Temitola Adekunle-Johnson, emphasised the significance of partnership, noting that government alone cannot address the challenges confronting Nigerians.

On his part, Managing Director of Wema Bank, Mr Moruf Oseni, commended the passion of the President and Vice President for empowering young Nigerians, even as he announced the establishment of skills training centres across 17 states, beginning with Lagos and Borno.

He said the programme will directly impact 2 million youths and 1 million small businesses across the benefitting States.

The MD expressed optimism that the scheme will be impactful, particularly empowering young Nigerians and preparing them for the challenges of the future.

In his goodwill message, Minister of Communications and Digital Economy, Mr Bosun Tijjani, said President Tinubu administration’s will leverage the enthusiasm of youths in the technology space to launch Nigeria as a global power in sector.

He called on other private sectors to collaborate more with government to actualize the objectives of job creation.

On his part Governor Ahmad Aliyu of Sokoto State pledged the state government’s support for the success of the programme.

Also present at the event were the Ministers of Agriculture, Sen. Abubakar Kyari; Labour and Employment, Hon. Simon Lalong; Deputy Governors of Borno, Umar Kadafur; Kaduna, Hadiza Balarabe; Anambra, Onyeka Ibezim; Jigawa, Aminu Usman, and Heads of government agencies.

 

OVER 3m MSMEs TO BENEFIT AS NIGERIA LAUNCHES FG/ALAT SKILLNOVATION

 

 

 

*Stanley Nkwocha*

*Senior Special Assistant to the President on Media & Communications*

*(Office of the Vice President)*

*29th September, 2023*

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Foundation Provides Financial Support To Outstanding Pupils In Ogun

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Foundation Provides Financial Support To Outstanding Pupils In Ogun

Foundation Provides Financial Support To Outstanding Pupils In Ogun

 

 

 

In a bid to compliment government efforts at providing qualitative education to vulnerable children in Ogun schools, Obaruwa Foundation, a non-profit organization on Friday launched fund support for pupils at Ogbogbo Baptist Primary School, Ogbogbo-Ijebu in Ijebu North East local government area of the state.

 

Foundation Provides Financial Support To Outstanding Pupils In Ogun

 

 

 

Speaking through Mr Tunde Oresanya at the presentation of the cash gifts, the founder of the foundation, Omooba Adekunle Ayoola said the fund support has become an annual gesture of the group in reaching out to outstanding pupils who despite the lean purse of their parents came out with flying academic records in their examination.

 

 

 

 

According to him, the beneficiaries of the latest fund support were drawn from primary one to six, and pupils who came 1st, 2nd and 3rd in each class were rewarded.

 

 

 

 

Omooba Ayoola, a Poland based security expert whose passion for education support has received various outstanding laurels stressed that he would continue to employ various measures and programmes to improve the lives of the children, including educational sponsorships, educational supports, advocacy and healthcare assistance.

 

 

 

 

 

 

In her remarks, Mrs B.A Kazeem, the Assistant Head Teacher of the school, expressed appreciation towards the annual educational support of the foundation, seeking for more support both from the government and donors alike.

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AfricentOCL UK Makes ‘Global Energy Awards 2023’ Finalists List

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AfricentOCL UK Makes ‘Global Energy Awards 2023’ Finalists List

AfricentOCL UK Makes ‘Global Energy Awards 2023’ Finalists List

 

 

 

 

It’s another major milestone for a top firm in the maritime business sector, AfricentOCL UK, as it made the finalists list of the 2023 edition of Platts Global Energy Awards.

 

 

 

In the carefully screened list of 207 credible energy companies, AfricentOCL UK tops five others in the Energy Transition (Mainstream) category. According to S&P Global Platts, the organizers of the awards event, firms are recognized based on their achievements and results, positive impact on customers and the industry.

 

AfricentOCL UK Makes ‘Global Energy Awards 2023’ Finalists List

 

 

 

 

 

“The ‘Global Energy Awards’ indicates the direction in which the energy industry is headed. It is about recognizing the energy sector’s exponential growth and rapid progress, thereby acknowledging companies and individuals working on the crucial, innovative, practicable solutions that will solve the energy industry challenges,” the organizers declared.

 

 

 

 

It is AfricentOCL UK’s second global honour within a space of eleven months. Making the list as one of the finalists in the Global Energy Awards was coming soon after its victory as the 2023 Greater London Enterprise Awards’ ‘Best Maritime Materials and Vessel Chartering Provider’ winner.

 

 

 

 

 

Expressing his joy at the fresh honour for his business empire, AfricentOCL UK CEO, Mr. Juwon Lawal Razaq, stated that such an honour coming from an internally recognized outfit like S&P Global Platts is to him a good ego booster, which encourages business outfits to aspire to achieve more exploits. “Making the finalists list, for us, is a great leap to winning. We understand that people are watching us, they know that we have the gifts and skills and we have never been afraid to show them toward making the industry greater. So, it’s a great way to announce our future win, and we will celebrate the honour,” Juwon Lawal affirms.

A special reception to mark Platts Global Energy Awards’ 25th anniversary will be held in New York on December 7, 2023, where winners will be announced.

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