Skip to content
November 4, 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

Oil prices ease 3% on optimism for Qatari-led talks on ending Iran war reserves crude oil
  • Business & Economy
  • International News

Oil prices ease 3% on optimism for Qatari-led talks on ending Iran war

November 2, 2026
Oborevwori clears N400bn out of Delta’s N465 legacy debts
  • Business & Economy

Oborevwori clears N400bn out of Delta’s N465 legacy debts

November 1, 2026
Cameroon’s Sonara signs fuel supply deal with Nigeria’s Dangote
  • Business & Economy

Cameroon’s Sonara signs fuel supply deal with Nigeria’s Dangote

October 30, 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

Another Nigerian shines on global stage: Meet Nigerian-born UK nominee now elected ICJ judge
  • International News

Another Nigerian shines on global stage: Meet Nigerian-born UK nominee now elected ICJ judge

November 4, 2026
Terrorism trials: Nigeria records 2,512 convictions, targets collaborators – ONSA
  • National News

Terrorism trials: Nigeria records 2,512 convictions, targets collaborators – ONSA

November 3, 2026
Nigerian Army Kills 2 Kidnappers, Recovers Thousands of Ammunition Rounds in Kogi Forest Raid Soldiers beat policemen
  • National News

Nigerian Army Kills 2 Kidnappers, Recovers Thousands of Ammunition Rounds in Kogi Forest Raid

November 3, 2026
APC Rejects Tinubu Campaign Council List in Osun, Demands Immediate Review APC Presidential primary
  • National News

APC Rejects Tinubu Campaign Council List in Osun, Demands Immediate Review

November 3, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.