Featured Industry & Commerce

Dangote group to increase social responsibility – Official

The Dangote Group has pledged to scale-up its public social responsibility to better the life of Nigerians.

The group made the promise in a statement signed by its Corporate Affairs Manager, Mr Francis Awowole, in Lagos.

It said the group Chairman, Alhaji Aliko Dangote, said the measure has become essential to carry its host communities along in the organisation’s expanding philosophy.

It said that Dangote made the policy plan known while hosting some visiting investors in his office in Lagos.

He told the visitors that the group was scaling-up its social intervention in communities hosting its companies across the country.

According to him, efforts are being made to impact positively on the host communities, saying his companies are expended billions of Naira in states where these investments are located.

“The corporate social responsibility projects undertaken by the companies are in addition to efforts by Aliko Dangote Foundation, which is presently giving out micro grants to vulnerable women in all the 774 local governments across the country.

“It would be recalled that the Minister for Industry, Trade and Investment, Otunba Niyi Adebayo, during his working tour of the Dangote’s expansive Savannah Sugar Company (SSCL) Limited in Numan, Adamawa and Tunga sugar project site in Nasarawa State, described the projects as ‘huge, impressive and amazing’.

“Dangote’s sugar plantation in Nasarawa is a very impressive sight.  Amazingly, such a project exists in this place.

“What we have seen so far from all the plantations we have been to are very impressive. We are impressed with the level of work they are doing,” it quoted the minister to have said.

Dangote added that the execution of its Sugar Master Plan could fetch Nigeria over $700 million yearly.

He said the National Sugar Master Plan (NSMP) when executed as designed could fetch the nation foreign exchange (forex) in excess of $700 million yearly from the backward integration component of the plan.

He, however, advised that the BIP scheme must be protected to insulate the Nigerian economy to be able to achieve the twin objectives of local manufacturing and job creation.

“If the national sugar master plan is followed strictly and the players all follow the rules, the country will be better for it as Nigeria will save between $600 million and $700 million annually as forex,” he said.

It added that Dangote Group Executive Director, Government and Strategic Relations, Mr Mansur Ahmed, had described Nasarawa State as one of the easiest states in the country to do business.

While the General Manager for the BIP, Dangote Sugar, Mr 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 company’s use and host communities.

Nasarawa State House of Assembly lawmakers who visited the Sugar Project site in August declared their support for the success of the project.

The group said that its Phase II of the project would be the largest integrated plant in Africa, when completed.

Related posts

PenCom reviews annuity guidelines, addresses PFAs, insurers’ de-marketing

Our Reporter

NNPC announces N153.17 ex-depot price for petrol

Abisola THOMPSON

Lagos inaugurates new board for LASUTH

Editor

Foreign capital flows into Nigeria tumble by $4.56bn

Our Reporter

OPEC, GECF express commitment to ensure stability of global energy market

Abisola THOMPSON

FG Grants Ubah Approval to Construct Nnewi Roads

Our Reporter