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Dangote signs $450million jumbo sugar MoU with Niger State

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The Pan African Conglomerate, Dangote Group today in Minna, Niger State signed a Memorandum of Understanding (MoU) with the State Government for the establishment of a jumbo $450million state-of–art and fully integrated sugar complex.

According to the President of the Group, Aliko Dangote, on completion, the project will generate over 15,000 jobs in the state and bring about a complete economic turn-around for the state.

The $450million pact which was signed in the government house 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  Africa’s largest sugar refinery in Lagos and a sugar cane plantation in Numan, Adamawa State.

Mr. 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.”

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Remarking, Governor Bello said the deal will revolutionize 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, however 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.

The $450million pact which was signed in the government house will see the company producing raw sugarcane on 16,000 hectares of land.

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.

He said the Federal Government was comfortable with the numerous investments efforts of the Dangote Group.

Also speaking, Chairman of the Niger State Traditional Council Etsu Nupe, Alhaji Abubakar Yahyah said he was elated about the huge investment coming to the state, while praying God to bless the Dangote Group more.

According to reports, just last week, the conglomerate had sponsored an investment summit in the State, which was attended by former Presidents Abdulsalami Abubakar, Olusegun Obasanjo and the then Acting President, Yemi Osinbajo, who described the private sector as key to the country’s economic development.

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Group Managing Director of Dangote Sugar Plc, Engr. Abdullahi Sule stated that the MoU would be a game changer for Niger State economy and Nigeria as a whole.

He said the integrated sugar mills will have the capacity to produce 160,000MT of raw sugar, pointing out that has been in the fore front of support for government industrialization programmes through backward integration policy in agriculture.

He stressed that the Dangote Sugar Refinery is developing a sugar backward integration plan through the production of 1.5MT/PA in ten years in: Nasarawa, Adamawa, Kogi, Kwara, Taraba and Niger states respectively.

The Group’s Executive Director Stakeholders’ Management and Corporate Communication, Ahmed Mansur had also announced that the Group was investing over $1billion in the agricultural sector in the country, specifically in rice, sugar, tomato and dairy productions.

Niger State Commissioner for Investment, Commerce and Industry, Rahmatu Muhammad Yar’Adua said that the deal with Dangote Group will help grow the agricultural sector and create direct and indirect jobs in the state.

It would be recalled that the Group’s foray into sugar business began in 1981. It has injected over $104million into the Savannah Sugar Company Limited it acquired from government in 2003. Savannah Sugar this year alone, produced 20,000MT of raw sugar from its plantation.

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National Issues

Senate approves death sentence for drug traffickers

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The Nigerian Senate has approved the death sentence as a penalty for drug traffickers in the country.

The historic decision came as the Senate passed the 2024 NDLEA Act (Amendment) Bill through its third reading.

The proposal gained traction on Thursday as the Senate delved into a meticulous clause-by-clause examination of the report presented by Senator Tahir Munguno, Chairman of the Committees on Judiciary, Human Rights & Legal Matters, and Drugs & Narcotics National Drug Law Enforcement Agency (NDLEA) Act (Amendment) Bill, 2024.

During the review of the penalty provisions aimed at bolstering the agency’s operations, Senator Peter Nwebonyi, the Senate Chief Whip, proposed an amendment to elevate the punishment for drug traffickers from a life sentence to death under clause 11.

Initially met with dissenting voices, the proposal faced a moment of contention during the voting process. Despite an initial indication of disapproval, a subsequent vote favoured the adoption of the amendment, prompting a heated reaction from some lawmakers.

Senator Adams Oshiomhole was among those who voiced dissatisfaction with what he deemed a rushed consideration and passage of the amended clause.

However, the Deputy Senate President rebuffed attempts to reverse the ruling, citing procedural grounds.

In a parallel effort, the Senate also embarked on a comprehensive review of the salaries, allowances, and fringe benefits of judicial office holders in Nigeria.

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The move, aimed at combating bribery and corruption while safeguarding the judiciary’s independence, saw the executive bill seeking to prescribe remuneration levels for judicial office holders at both federal and state levels advance to the second reading.

While the bill garnered unanimous support, calls were made for a broader review of salaries and remuneration across various sectors in light of prevailing economic challenges.

Consequently, the bill was referred to the Committee on Judiciary, Human Rights, and Legal Matters for further scrutiny, with a mandate to report back within four weeks.

 

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National Issues

16 Governors Back State Police Amid Security Concerns

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In response to the escalating security challenges plaguing Nigeria, no fewer than 16 state governors have thrown their weight behind the establishment of state police forces.

This development was disclosed by the National Economic Council (NEC) during its 140th meeting, chaired by Vice President Kashim Shettima, which took place virtually on Thursday.

Minister of Budget and Economic Planning, Atiku Bagudu, who briefed State House Correspondents after the meeting, revealed that out of the 36 states, 20 governors and the Federal Capital Territory (FCT) were yet to submit their positions on the matter, though he did not specify which states were among them.

The governors advocating for state police also pushed for a comprehensive review of the Nigerian Constitution to accommodate this crucial reform. Their move underscores the urgency and gravity of the security situation across the nation.

Similarly, the NEC received an abridged report from the ad-hoc committee on Crude Oil Theft Prevention and Control. This committee, headed by Governor Hope Uzodinma of Imo State, highlighted the areas of oil leakages within the industry and identified instances of infractions.

Governor Uzodinma’s committee stressed the imperative of political will to drive the necessary changes and reforms needed to combat crude oil theft effectively.

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National Issues

Weak Institutions Impede Nigeria’s Sustainable Development – Says US Don

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Renowned academician, Professor Augustine Okereke, from the Medgar Evers College/City University of New York, has emphasised the detrimental impact of a lack of strong social institutions on Nigeria’s sustainable development.

Presenting a lead paper at the First Annual Ibadan Social Science Conference hosted by the University of Ibadan, Professor Okereke urged President Bola Tinubu to foster robust institutions capable of combatting corruption and addressing social ills.

“All our institutions are on the decline,” warned Professor Okereke, underscoring the urgent need for effective structures to facilitate sustainable development. He highlighted the challenges faced by African countries, emphasising the risk of continued poverty, underemployment, and injustice without these foundational structures.

The Dean of the Faculty of Social Sciences at the University of Ibadan, Professor Ezebunwa Nwokocha, asserted the university’s commitment to providing intellectual, context-specific solutions to Nigeria’s challenges.

He called on state and federal governments to patronise researchers in the country, emphasising the faculty’s reputation for producing intellectual leaders.

Professor Nwokocha stated, “Our faculty is reputed for offering deeply intellectual, workable, and context-specific solutions to the challenges faced by Nigeria over the ages.” He emphasised the significance of the conference’s theme in aiding Nigeria’s navigation through its complex existential reality marked by despair, rising inflation, insecurity, corruption, and unemployment.

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During the conference’s opening, Vice Chancellor Professor Kayode Adebowale noted the relevance of the theme, “Social Science, Contemporary Social Issues, and the Actualization of Sustainable Development,” urging participants to generate transformative ideas for Nigeria.

Acknowledging the nation’s progress over 63 years, he expressed concern over setbacks in the economy and social indices, hoping the conference would proffer solutions.

In his keynote address, Professor Lai Erinosho stressed the rapid worldwide social change in the digital age, citing both benefits and unanticipated consequences for human survival. He cautioned against embracing same-sex relationships, citing dangerous implications for humanity.

The First Annual Ibadan Social Science Conference convened a diverse array of participants to explore solutions and intellectual leadership in addressing Nigeria’s pressing challenges.

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