All the performance indicators were on the upswing as revenue rose by 45 percent, from N278.05 billion to N403.25 billion while earnings per share rose from 182 kobo per share to 451 kobo per share, an increase of 269 kobo  or 148 percent. 

Meanwhile, Dangote Sugar Refinery (DSR) Plc is significantly scaling up its investment in the sugar sub-sector in line with the requirement of the Nigeria Sugar Master Plan (NSMP). The company was making massive investments in Adamawa State through the expansion of DSR Numan Sugar Refining capacity from 3,000 tonnes of cane per day (tcd) to 6,000 tcd, and to 9,800 tcd.

Chairman of the company Aliko Dangote noted that increasing the sugar refining capacity would require a corresponding increase in sugarcane production capacity. Dangote stated that the company had concluded plans to increase its sugar plantation from the current land area under cane production of about 8,700 hectares in 2022 to about 24,200 hectares within the next seven years. He mentioned also  that the company  has doubled its scholarship and empowerment schemes in its host communities and will continue to introduce more initiatives to support our host communities. Through these initiatives and our numerous Corporate Social Responsibility activities, DSR Numan will be able to touch the lives of the people, bringing social, economic, and infrastructural development to our host communities,” Dangote said.

He continued, “We are thus committing over $700 million to our investment in the Backward Integration Programme (BIP) to enable us to put in place needed infrastructure for the eventual commencement of full-scale production.” Dangote assured that the sugar company would change the trajectory by making Nigeria self-sufficient in the sector. Already, the company, he noted, has spent billions of naira in developing infrastructural facilities for host communities.

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Speaking at the Flag off Ceremony of the 2022/2023 Crushing Season and Outgrower Scheme Awards in Numan, Adamawa State, Dangote said the company is making massive investments in Adamawa State through the expansion of DSR Numan sugar refining capacity from 3,000 tons of cane per day (tcd) to 6,000 tcd, 9,800 tcd and to 15,000 tcd.

Noting that increasing the sugar refining capacity will require a corresponding increase in sugarcane production capacity, he revealed that the company has concluded plans to increase its sugar plantation from the current land area under cane production of about 8,700 hectares in 2022 to about 24,200 hectares within the next 7 years. He also assured that the company will double its scholarship and empowerment schemes in its host communities. 

“We will continue to introduce more initiatives to support our host communities. Through these initiatives and our numerous Corporate Social Responsibility activities which are numerous to mention, DSR Numan will be able to touch the lives of the people, bringing social, economic, and infrastructural development to our host communities.” 

He said: “We are thus committing over $700 million to our investment in the Backward Integration Programme (BIP) to enable us to put in place needed infrastructure for the eventual commencement of full-scale production,” he said.  

Dangote further assured that Dangote Sugar will change the trajectory by making Nigeria self-sufficient in the sector.  

Already, the company noted that it has spent billions of naira in developing infrastructural facilities for host communities.   

Speaking, also at the event, the Minister of Industry, Trade, and Investment Otunba Adeniyi Adebayo described the Dangote Refinery as the biggest contributor to the sugar development stride of the Federal Government.  

The Minister also commended Aliko Dangote and the Management staff of Dangote Sugar for their massive support through the company’s corporate social responsibility scheme which he said should be highly commended.  

He said Agencies under his ministry will partner with the company to provide the technical know-how that will support the Dangote empowerment schemes in the host communities.  

In the same vein, Governor of Adamawa State, Umaru Fintiri who was represented by his Deputy Crowther Seth said he was amazed by the social-economic transformation carried out by the Dangote Group, adding that it is monumental. He assured the company of the support of the state government and enjoined other corporate bodies to imbibe Dangote’s spirit of job creation across the country. 

Speaking on behalf of the traditional rulers, Hama Bachama   Dr. Daniel Shaga Ismail described Dangote as God-sent and pledged that his people would continue to support the company.  

Aliko Dangote further announced a Free Education for all the students of Dangote Sugar Refinery High School, among other scholarship winners announced.   

The overall best Outgrower farmer, Christiana Rufus thanked the company and promised not to relent in her effort. 

Six farmers mostly women emerged as overall best farmers in the contest. 

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