The Dangote Sugar Refinery (DSR) Plc has announced the closure of its company in Niger state over a land acquisition dispute. The company announced the development in its 2020 consolidated and separate financial statements. It said the land was purchased for its backward integration project (BIP) which is ongoing in some other states including Adamawa, Nasarawa, and Taraba. DSR said the BIP includes a 10-year sugar development plan to produce 1.5 million metric tonnes per annum of sugar from locally grown sugarcane. It said the dispute in Niger led to a stretched situation that had started accumulating negative returns. “The Company began its Backward Integration Project (BIP) with a 10-year sugar development plan, to produce 1.5 million MT per annum of sugar from locally grown sugarcane. The Project commenced with the acquisition of large expanse of land in strategic locations such as Niger State, Taraba State, Adamawa State, and Nasarawa State,” the report read. “To this end, four (4...
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