Dangote

Six injured as Army denies shooting at protesters at Dangote Sugar Company in Adamawa

Published

5 years ago

July 18, 2021

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Six persons have been injured, when personnel of the Nigerian Army tried to disperse protesters

The protesters were at the Dangote Sugar Company, in the Gyawana community of Lamurde Local Government Area in Adamawa State.

The protesters are accusing Dangote Sugar Company of sidelining the youths of the host community when it comes to employment opportunities.

Governor Ahmadu Fintiri who was in Lamurde, to commiserate with the victims of the incident, called for an end to the repeated crisis between the youths of the host community and the management of the company.

He also condemned the approach adopted by youths in tabling their grievances and the military for reacting in the manner they did.

Meanwhile, the 23 Armoured Brigade, Yola, has responded in a statement made available by its Assistant Director, Army Public Relations, Major Haruna Sani, by dismissing the report that the army shot at protesters.

The statement further revealed that the soldiers did not open fire on the protesting staff of Dangote Sugar Company but teargassed the youths, and warning shots were fired as a non-violent means of crowd dispersal, and to further prevent troops from being lynched by the mob.

Related Topics:Adamawa state dangote Local Nigerian Army

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Covid-19

Despite COVID-19, Dangote cement retains 54,000 employees – Official

Published

6 years ago

June 20, 2020

admin

President of Dangote Group, Aliko Dangote, has said that despite the challenging economic situation in 2019, Dangote cement was able to sustain 54,000 jobs in four African countries, where the company has its operations.

The countries are: Nigeria, Ethiopia, Senegal and South Africa.

The business mogul to shareholders at the Company’s 11th Annual General Meeting in Lagos that more jobs would be created as the company intensifies export of clinker to other neighboring countries from Nigeria.

He said: “According to our 2019 socioeconomic impact assessment study specifically on our operations in Nigeria, Ethiopia, Senegal and South Africa, we sustained 54,005 jobs (direct, indirect and induced) in these four markets in the year under review.”

Dangote Group is the highest employer of labour in Nigeria, outside the Federal Government and with its Refinery project coming up, the company will have more than 100,000 Nigerians under his employment.

Recall that Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, had expressed his excitement over the progress being made at Dangote Refinery and Petrochemical plant so far, saying that when it becomes operational, the plant would increase its workforce from the current 34,000 to over 70,000.

Briefing shareholders at the 11th Annual General Meeting, AGM, held in Lagos last week, Mr Dangote told the shareholders that the year 2019 was a strong year given the tough business environment across most of its operating geographies.

He, however, disclosed that the Group recorded volumes of 23.7 million metric tonnes and revenues of ₦891.7 billion.

He said; “We recorded a strong EBITDA margin of 44.3%. As a result of this performance, the Board has recommended for your approval a dividend of ₦16.00 per ordinary 50 kobo share.”

Speaking on the local Nigerian operations, he said, “Nigeria’s cement market grew slightly in 2019.

“We estimate that total market consumption was up between 2%-3% on the 20.7Mt estimated in 2018.”

Mr Dangote explained that the modest performance was in spite of the fact that the market generally was impacted negatively by the disruptions related to the 2019 election cycles, heavy rains and the loss in land export volumes due to the border closure.

“Dangote Cement’s Nigerian operations remained at 14.1Mt in 2019, including export sales of 0.45Mt. Domestic sales in Nigeria were nearly 13.7Mt, compared to 13.4Mt in 2019.

“This implies a 2% growth mirroring the estimated GDP growth for the year. However, land exports reduced to 0.45Mt from 0.7Mt for the full year owing to the border closure in the last few months of 2019.

“The Bag of Goodies promotion, launched in July, drove strong increases in our Nigerian volumes in the third quarter”, Dangote pointed out, adding that the innovative marketing effort enabled the company to maintain its market share despite the 4.5Mt new capacity which came into the market during the year.

He alluded to the new feat by Dangote Cement in commencing export of clinker via shipping from the Apapa and Onne ports to West and Central Africa, adding that the management was encouraged by the performance of its offshore operations.

Mr Dangote noted that Pan-African operations sold 9.44Mt of cement in 2019, up 0.8% on the 9.37Mt sold in 2018. “Including clinker, Pan-Africa volume was 9.6Mt.

“The total Pan-African volume represents 40.1% of Group volumes. Pan-African revenues of ₦282.7 billion were 0.2% lower than FY 2018 and represented 31.7% of total Group revenues.

“The region’s EBITDA contribution of ₦47.9 billion (before central costs and eliminations), represented 12.1% of Group EBITDA, at a regional margin of 16.9%, compared to a margin of 17.3% in 2018.”

According to him, stronger performance was recorded in Tanzania, Senegal and Sierra Leone.

“Looking ahead, we expect to further deploy our clinker and cement export strategy across West and Central Africa.

“The completion of our 1.5Mt grinding plant in Cote d’Ivoire is expected by the end of 2020.”

Mr Dangote, however, lamented that the world faces the stark reality of a major health crisis, accompanied by a devastating impact on the global economy, noting that during these times, the company’s top priority remains the health and safety of its employees, customers, suppliers and society at large.

“As Africa’s largest cement manufacturer, we take seriously our role of social responsibility and we have taken deliberate steps to deploy resources to help our communities overcome hardships in this crisis,” he added.