• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
Thursday, June 30, 2022
Leadership News
Read in Hausa
  • Home
  • NewsLatest
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast
No Result
View All Result
  • Home
  • NewsLatest
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast
No Result
View All Result
Leadership News
No Result
View All Result
Home News Business

Dangote, Niger State Sign N166bn MoU Sugar Production Project

by Leadership News
5 years ago
in Business
0
dangote sugar
Share on WhatsAppShare on FacebookShare on TwitterTelegram

In another bold move for self-sufficiency in sugar production through the government’s backward integration policy, the Pan African Conglomerate, Dangote Group yesterday signed a Memorandum of Understanding (MoU) with the Niger State government for the establishment of a N166 billion state-of–art and fully integrated sugar complex.

On completion according to the president of the Group, Aliko Dangote, the project will generate over 15,000 jobs in the State and bring about a complete economic turn-around for the state. The $450 million pact which was signed in Minna, Niger State will see the company producing raw sugarcane on 16,000 hectares of land at Lavun Local Government through an out-grower scheme.

The Company, which is currently operating out-grower scheme in Rice production in a number of states, has the Africa’s largest sugar refinery in Lagos and a sugar cane plantation in Numan, Adamawa state. Dangote said his investment was informed by his Company’s firm belief in the potentials of the Nigerian economy, adding that the new outlay will add value and create jobs for Nigerians.

He commended the state Governor, Alh. Abubakar Sani Bello  for his foresight and efforts to woo investors to Niger State noting, “The Dangote’s Integrated Sugar Project in Niger State will also include the establishment of integrated sugar mills, generate power, produce molasses, ethanol fuel, biomass and produce animal feeds.”

In his remarks, Governor 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.

The Governor urged Dangote Group to explore other investment opportunities available in the state, just as he announced that the state was opened for multi-sectoral investments. Representative of the Minister of Industry, Trade and Investment, Alhaji Aminu Bisala said Dangote is the biggest private sector supporter of the Nigerian economy, and Federal Government policies.

RELATED

Sokoto Islamic Clerics Extol Osinbajo’s Leadership Qualities

Federal Govt Commends Bank Of Industry, Others On SMEs Intervention

13 hours ago
FAAN To Discuss Nigeria Aviation Challenges At Maiden Conference

Dana Introduces Additional Flights On Lagos, Abuja Routes

14 hours ago

He said the federal government was comfortable with the numerous investments efforts of the Dangote Group.


HOW MY CHINESE DOCTOR RECOMMEND THIS MAGIC DRUGS THAT HELP WOMEN PREVENT AND TREAT BREAST CANCER AND ALSO HELP MEN PREVENT AND CURE PROSTRATE ISSUE PERMANENTLY WITHOUT SIDE EFFECTS AND REMISSION!!INEVER BELIEVE IT!!
SendShareTweetShare
ADVERTISEMENT
Next Post

Omer Bloch – It’s Not Where You Start Your Journey, It’s Where You End Up That Matters

ANOTHER GOOD READ

Sokoto Islamic Clerics Extol Osinbajo’s Leadership Qualities
Business

Federal Govt Commends Bank Of Industry, Others On SMEs Intervention

13 hours ago
FAAN To Discuss Nigeria Aviation Challenges At Maiden Conference
Business

Dana Introduces Additional Flights On Lagos, Abuja Routes

14 hours ago
NYSC To Release 2022 Batch ‘B’ Call-up Letters On Sunday
Business

Corps Members To Benefit From Unity Bank’s N1m Grant  

14 hours ago
NESG Holds Expert Forum On Food Safety
Business

NESG, AERC Urge Affordable Medical Services For More Nigerians

17 hours ago
FEC Okays NNPC, ECOWAS’ Nigeria-Morocco Gas Pipeline Deal
Business

FEC Okays Reforms To Aid N3.8trn Non-oil Revenue Growth Annually

20 hours ago
OPEC
Business

OPEC Likely To Raise Production In August

20 hours ago
Next Post
Omer Bloch – It’s Not Where You Start Your Journey, It’s Where You End Up That Matters

Omer Bloch - It’s Not Where You Start Your Journey, It’s Where You End Up That Matters

LATEST UPDATES

Duncan Daniels Set To Release First Single Off His 6th Album

Duncan Daniels Set To Release First Single Off His 6th Album

June 30, 2022
Chibok

Army Rescues Another Kidnapped Chibok Schoolgirl, Ruth Bitrus, In Borno

June 30, 2022
Tela

JUST-IN: Bauchi Deputy Gov, Tela, Denies Resignation 

June 30, 2022
Tears As Kaduna Catholic Priest Killed By Terrorists Is Buried In Kaduna

Tears As Kaduna Catholic Priest Killed By Terrorists Is Buried In Kaduna

June 30, 2022
Okorocha

Okorocha Seeks Court’s Permission To Travel Abroad For Medicals

June 30, 2022
Buhari

In Portugal, Buhari Reiterates Commitment To Credible Elections

June 30, 2022
Boko Haram

JUST-IN: 3 ‘Boko Haram’ Members Jailed In South Africa

June 30, 2022
Policemen

JUST-IN: 2 Policemen Feared Dead As Gunmen Attack Checkpoint In Enugu

June 30, 2022

© 2022 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • World News
    • ASUU News
  • Politics
  • Business
  • Sports
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
  • Columns
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Podcast

© 2022 Leadership Media Group - All Rights Reserved.