Dangote Sugar Employs 7,000 Yearly, Targets 300,000 After Completion of BIP Project
- Dangote Suagr refinery said the company employs over 7,000 workers yearly
- It also bragged about being the second-largest employer of labour in Nigeria
- It assured that about 300,000 direct and indirect jobs would be created after completing BIP
PAY ATTENTION: Unlock the best of Legit.ng on Pinterest! Subscribe now and get your daily inspiration!
The Backward Integration Project (BIP) at Dangote Sugar Refinery in Numan, Adamawa State, employs no fewer than 7,000 people annually.
Bello Dan-Musa, group general manager of operations for the company, disclosed this during a media tour of the facility in Numan.
Legit.ng had reported that Chief Executive Officer of Dangote Sugar Refinery, Sylvain Judex, announced that the company plans an ambitious annual production of 1.5 million metric tonnes of sugar, galvanised by their recent merger and expansion initiatives.
Source: UGC
More than 7,000 workers employed
Dan-Musa said thousands of young people work for the company directly while more than 7,000 people were employed at its busiest point during the production season.
PAY ATTENTION: Share your outstanding story with our editors! Please reach us through info@corp.legit.ng!
The GMG described Dangote Group as Nigeria's second-largest employer of labour after the government in a statement.
Dan-Musa said for the sugarcane grown outside its borders under the DSR Numan out-growers programme, the business paid the outside growers more than N500 million.
According to the announcement, the DSR Numan refinery's current capacity of 4,800 tonnes of cane per day would be increased to 6,000 TCD by the end of 2023, 9,800 TCD by 2024, and then 15,000 TCD.
He said:
“Dangote Sugar Refinery Numan has contributed immensely to the realisation of the Backward Integration programme of the Federal Government. It is the largest producer of household and commercial sugar.”
The President of the Dangote Group, Aliko Dangote, said upon completion of the BIP projects, his sugar company will be able to create about 300,000 direct and indirect jobs, with positive multiplier effects on the national economy.
Legit.ng earlier reported that the Board of Directors at Dangote Sugar Refinery Plc announced the appointment of Mariya Aliko Dangote as an Executive Director.
Dangote Cement, MTN, 8 Other Companies Lose Over N630bn in 6 Months After Tinubu, CBN Naira Decision
In an earlier report by Legit.ng, several companies listed on the Nigerian exchange lamented significant foreign exchange (FX) losses due to the devaluation of the naira.
On June 14, 2023, the Central Bank of Nigeria (CBN), under the instruction of President Bola Tinubu, announced the floating of the naira.
This gave room for market forces to determine the exchange rate.
The decision has led to a severe depreciation of the naira against different foreign currencies, taking a severe toll on the financials of companies in Nigeria.
Source: Legit.ng
