The Group Managing Director, Sugar, Dangote Group, Abdullahi Sule, made the announcement at a joint briefing with representatives of the company’s host community at Gyawana in Lamurde Local Government Area of Adamawa State.
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The MoU was signed during the GlowAfrica and NABG Private Sector Consultative Meeting held in Lekki, Lagos State.
Sani Dangote, the Vice-President of Dangote Group, signed on behalf of the company, while William Asiko, the Chief Executive Officer, signed for GrowAfrica
The project is to be funded by AG Dangote Construction Company Limited, an arm of the Dangote Group; Nigerian Ports Authority; and Flour Mills of Nigeria
Dangote in a statement on Monday said it was not a part of the multi-level marketing scheme, which it described as a Ponzi
The governor said the company would produce large quantity of sugar, animal feeds and ethanol, an energy source that he described as “white oil”
The Chief Executive Officer of Dangote Cement, Onne van der Weijde, who revealed this on Friday while presenting the company’s first quarter results to the Nigerian Stock Exchange, also stated that the company’s earnings per share for the first quarter increased by 36.2 per cent cent to N4.25
The Chairman of Lekki Free Zone Development Company, Abiodun Dabiri, who disclosed this at the weekend while giving progress report on the Zone to the State Governor, Akinwunmi Ambode, said more investors have indicated interest in coming to set up businesses in the Zone
The estimated street value of the seized drug is over N183 million
He said as a major player in the maritime sector, the company had so far spent N1 billion to make the road accessible to the port
Dangote said the sugar plantation, to be located in Tunga in Awe Local Government Area, was planned to be the largest sugar plantation in West Africa
The President of the Group, Aliko Dangote, disclosed at the weekend that the Company will on Wednesday flag off with a pilot project of 500ha by Gonroyo Dam in Goronyo community
Speaking at a two-day Power Sector Stakeholders Interactive Dialogue convened by the National Assembly in Abuja, Makoju, who was Special Adviser to three Presidents of Nigeria on Power, canvassed for fundamental structural change as against the current path of tariff increases and government bailouts
Dangote, who also spoke about his efforts at contributing to lightening up Africa starting from Nigeria, was one of the panelists at a discussion on closing the power gap in Africa
Specifically, the plant will be churning out heavy duty trucks on which his conglomerate, the Dangote Group, spends huge amount on its importation to distribute its products both locally and cross African countries
These personalities were ranked along with 70 others as the most powerful people, with Dangote ranked as the second most powerful on the African continent
Muhammed said: “Most marketers have been asking us if Dangote will participate and we told them yes. So, Dangote is a major driving force in Kano Trade Fair
Dangote, who spoke at the inaugural dinner held in Benin to usher in the new Governor, said the former Governor of Lagos State laid a solid foundation for development of the State, which his successors keyed into and even scaled up to bring about massive transformation and development
The reason, the group head pointed out, was to diversify into other areas that were fundamental to consumers and other stakeholders.
Ahmed said that the company planned to expand its sugar refinery to other states
He said the company used cement to construct a 25km road from Otori to Ibese, adding that cement was effective in road construction than asphalt
A sister company, Dansa Foods, is also at the Fair, offering its brand of table water, Mowa premium drinking water.
Some products on display at the fair include Dangote Sugar, Dangote Flour, spaghetti, noodles and macaroni, Dangote salt Danq (seasoning), tomato paste