Skip to content
July 21, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Dangote pays Taraba N1.2bn compensation for land, begins sugar factory project in the state
  • Business & Economy

Dangote pays Taraba N1.2bn compensation for land, begins sugar factory project in the state

Admin May 2, 2017

Aliko Dangote

Gov. Darius Ishaku of Taraba on Tuesday said Dangote Group had commenced sugar plantation and factory project in Lau Local Government of the state.

Ishaku made this known in Jalingo shortly after signing a reviewed agreement with the company for smooth take off of the project.

He said that the company paid the state government N1.2 billion as compensation for 16,000 hectares of land for the project in … after the two parties signed Memorandum of Understanding (MoU).

Ishaku regretted that a dispute on welfare of the host community was partly responsible for the 13 years delay in the commencement of the project.

He, however, commended the company for agreeing to perform its social responsibility, adding that the state would ensure that all land compensation issues were addressed.

The governor said the company would produce large quantity of sugar, animal feeds and ethanol, an energy source that he described as “white oil”.

Earlier, the state’s Commissioner for Justice, Mr Yusufu Akirikwen, said that the state currently had six per cent equity shares in Dangote Group, having successfully reviewed the contract it earlier signed.

He said that “after a careful study of the MoU, we discovered that there was no provision for the local people whose land would be used for the project andthe state government had no stake in the deal.”

The representative of Dangote Group, Mr Joseph Makoju, commended the governor “for his passion and commitment to clear all hitches on the way of the project.

“Dangote group is committed to making the country self-sufficient in rice and sugar, after our success story in cement business and that is why Lau Sugar project is very important to us.

“We are mindful of the governor’s insistence that the project must benefit the local people and we are equally committed in that regard.

“In all the places we do business, we embark on Community Social Responsibility (CSR) projects that are beneficial to host communities and Lau will not be an exception,” Makoju said.

He said that his team was already on ground planting sugarcane seedlings at the site of the project.

 

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous Oba of Lagos whisked away to safety as fire guts palace
Next Nigerian journalist who allegedly robbed four banks in the US gets light charges

Related Stories

West Africa’s ECOWAS bloc signs agreement backing Nigeria-Morocco atlantic gas pipeline, statement reports regional heads
  • Business & Economy

West Africa’s ECOWAS bloc signs agreement backing Nigeria-Morocco atlantic gas pipeline, statement reports

July 20, 2026
NLNG honours Professor Barth Nnaji for his contribution to science and innovation
  • Business & Economy

NLNG honours Professor Barth Nnaji for his contribution to science and innovation

July 20, 2026
IPMAN to FG: Stop issuing licences for petroleum products import Fuel crisis
  • Business & Economy

IPMAN to FG: Stop issuing licences for petroleum products import

July 20, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos
  • National News

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos

July 20, 2026
Court sentences 2 Ansaru commanders to life imprisonment Federal High Court
  • National News

Court sentences 2 Ansaru commanders to life imprisonment

July 20, 2026
Nigeria’s Erebor elected ATU confab preparatory committee chair
  • International News

Nigeria’s Erebor elected ATU confab preparatory committee chair

July 20, 2026
Reps Committee commences consideration of revised State Police establishment bill spokesman
  • National News

Reps Committee commences consideration of revised State Police establishment bill

July 20, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.