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Dangote’s Fortune Soars As His Cement Company Announces Huge Profits For 2013

Aliko-DangoteThe fortune of the richest man in Africa and President of Dangote Group of Companies, Alhaji Aliko Dangote soared as his cement company, Dangote Cement Plc, declared a huge profit for the 2013 financial year. The company recorded an upsurge in its Nigerian sales volume to the tune of 13.3 million tones, leading to a 40.6 per cent increase in profit before tax over the previous year.
The company declared a profit before tax of N190.8 billion for the year.
The audited results announced in Lagos indicated that the pre-tax profit is 40.6 per cent higher than that of the previous year while consolidated revenue grew up to N386.2bn, representing an increase of 29.4 per cent.
While the results celebrated the increase in the company’s sales volume, it showed further that total Nigerian cement market grew by 15.6% to nearly 21.2 million tonnes.
Dangote Cement attributed the increased sales volume to its direct-to-customer deliveries strategy and described it as proving highly successful, accounting for more than 50 per cent of sales, with its Obajana plant sales volumes up 37.2% and Ibese up by 40.4 per cent.
Consequently, the company recommended a dividend increase of N7.0 per ordinary share as against N3 paid out in 2012, an increase of 133 per cent.
Dangote Cement’s Group Chief Executive, Devakumar Edwin, expressed satisfaction at the performance of the company, saying the impressive run was as a result of sound strategies deployed by the management.
“Dangote Cement made excellent progress in 2013. As the Nigerian cement market grew by a strong 15.6% we managed even better growth of 28.2%, with our revenues increasing by 29.4% to N386.2bn. Our direct-delivery strategy is proving very popular with customers and I am pleased to report that direct-to-customer deliveries now account for more than half of our sales.
“We increased our margins despite continuing disruption to our gas supply and believe that the gas distribution infrastructure will be more robust in 2014, enabling us to improve our margins even further. At the same time, we are looking at ways to diversify our fuel supplies to mitigate the impact of any future disruption and reduce the cost of using alternative fuels to gas.
“Our financial strength has allowed us to increase our dividend by 133% to N7.0 per share and the coming year will see our new factories opening across Africa as we begin to deliver on our promise to become Africa’s leading cement producer, generating strong and sustainable returns for our shareholders.”
Dangote Cement, which is Africa’s leading cement producer, is a fully integrated quarry-to-customer producer with production capacity of 20.25 million tonnes in Nigeria with three in the country and plans to expand in 13 other African countries with new operations beginning to come on stream across the rest of Sub-Saharan Africa.
The Group plans to have around 60 million tonnes of production, grinding and import capacity in Sub-Saharan Africa by 2016.
Dangote Cement’s Obajana plant in Kogi State, Nigeria, is the largest in Africa with 10.25mta capacity across three lines and a further 3mta capacity currently being built.
Edwin stated that Dangote Cement would be investing several billion dollars to build manufacturing plants and import terminals across Africa. He disclosed that current plans are for integrated or grinding plants in Cameroon, Ethiopia, Republic of Congo, Liberia, Senegal, South Africa, Tanzania, Kenya and Zambia, as well as Ivory Coast and Ghana, and import/packing facilities in Ghana and Sierra Leone.

Lamido Of Adamawa As Secession Kite Flyer By Yusuf Ozi-Usman

Yusuf Ozi-Usman
Yusuf Ozi-Usman

Just before the delegates to the National Conference, convened by President Goodluck Jonathan, had time to settle down to work, a discordant tune on the oneness of this House, Nigeria, is already stiltly being brought into the front burner of the discourse.
The threat at the Wednesday’s sitting of the Conference, by a highly respected traditional ruler from the North Eastern part of the country, the
Lamido of Adamawa, Dr. Muhammed Barkindo Mustapha, to pull Adamawa from Nigeria, as in secession, might appear like a royal joke, but make no mistake about it, it may be signaling the beginning of a different and dangerous tune being set, on what actually the country is heading to.
As a matter of fact, I have heard people said shortly before the inauguration of the conference that there was an agenda that was carefully hidden in the setting up of the National Conference which, with time, would unfold.
In deed, many people had before the Conference began in Abuja, made it public that the purpose of the Conference is to divide Nigeria. But, it appears too early in the day for Nigerians to begin to be seeing the handwriting on the wall, as represented by Lamido’s hasty move.
Of course, when inaugurating the conference on Monday 17 March, 2014, President Goodluck Jonathan was unambiguous in his inauguration speech that the issue of unity, indivisibility and oneness of the country is un-negotiable, even as he admitted that some delegates had come to the Conference with preconceived idea of dividing the country.
The President expressed his worry to hear people say that some delegates to National Conference have come to defend and promote ethnic or clannish agenda, adding that it is very regrettable that there are persons who believe that we cannot undertake any collective task in our country without the hindrance of ethnic rivalry even after 100 years of nationhood.
“This conference gives us an opportunity to prove such persons wrong and I believe it will… There should be no room for divisive cleavages and ethnic jingoism. There should be no room for selfish considerations that defeat the purpose of national progress. There should be room only for the national interest.”
The President’s speech remains one of the best since he became President; it is laden with both warnings and pleadings, but short of provision to halt people whose ambition is to divide the country, especially those who have championed Sovereign National Conference and those who would argue to the point of death that Nigeria is a marriage of inconvenience.
In this category of campaign to divide the country are, in deed, a large number of people from Niger Delta Region, the remnants of Igbo Biafran activists and recently, the Yoruba people from the South West who actually made a reference to “secession” in their collective position paper to the Conference, now ongoing.
As it were, Lamido of Adamawa’s comment about taking Adamawa from Nigeria may turn out to be a grand design to provide not only a leeway to the real agitators for the balkernisation of Nigeria to come into the open with such agitation, but a soft landing for them.
We may not have known yet, the main urge, other than anger, that propelled Lamido to burst out the way he did, but fact is that he has opened a new vista in the discourse at the National Conference, even before all the rules of business are put in place. Jokes apart!

Nigeria Under Siege; Mercenary Fulani, Insurgents Spread To 17 States: FG Raises Committee

 

SuswamFacts have emerged to show that Nigeria is gradually being occupied by Fulani people, most of who are mercenaries from neighbouring countries and other insurgents, threatening no fewer than 17 states of the federation, even as the Federal Government, today, reinforced a committee, made up of some governors, to find solution to the conflicts.

Speaking to newsmen shortly after a meeting of the National Economic Council (NEC) today at the Presidential Villa, Abuja, the Benue state governor, Gabriel Suswam who have been battling with the Fulani insurgents, said that from what has been happening, the insurgents are not Nigerian Fulanis.

He made it clear that most of the insurgents are mercenaries that take advantage of the small misunderstanding between some communities in Nigeria to infiltrate many parts of the state and the country at large.

“Nigerian Fulani people are not known to be in possession of AK 4 and other sophisticated weapons. Even their women fight with guns.”

This is just as the National Security Adviser (NSA), Colonel Sambo Dasuki, had earlier briefed the NEC on incessant Conflicts between Farmers and Pastorialists, highlighting on the challenges and solutions in Nigeria.

Dasuki named Seventeen States identified as flash points of the Fulani uprising. They are, among others, Plateau, Benue, Adamawa, Niger, Bauchi, Nasarawa, Kwara, Kaduna and Oyo states

NSA assured the Council that his office is working out an International Conference in Nigeria to deal with the situation, adding that an International NGO in Geneva is already working with some communities in Plateau State to find ways of settling the conflicts.

The council was informed of the establishment of a committee on Grazing Reserves under the Chairmanship of Governor Murtala Nyako, adding that the Committee is already working to provide solutions to the Farmers Pastorialists Conflicts.

The Council recommended that Governor of Benue State should join Governor Nyako as co-chair to fast-track the working of the Committee.

The Council resolved that a Technical Committee should be set up to come up with recommendations, within two weeks, on how to manage incessant conflicts between Crop Farmers and Pastorialists.

Members of the Committee Minister of Agriculture as Chairman, while the Ministers of Environment, Science and Technology, Interior , Water Resources and of National Planning, as well as the Director-General of the National Orientation Agency (NOA), the National Security Adviser and representatives of States are members.

Minister Angry With Abuja Women For Staging Protests, Says It Was Mischievous

 

Bala MohammedMinister of the Nigeria’s Federal Capital Territory (FCT), Senator Bala Mohammed is not happy with women who staged protests on Monday along the busy airport express way near Gosa Village in the capital city.

At an emergency meeting with chairmen of the six Area Councils and some local chiefs in the territory yesterday, the minister made it clear that the women were sponsored to embarrass the government, even as he sounded a warning that he would not tolerate any breakdown of law and order in the name of unlawful demonstration in the FCT.

Women had, on Monday morning, blocked the eight-lane express way at Gosa point, causing a huge traffic dreadlock. The women, who were half-naked, accused the government of plan to remove shanties and illegal structures in their villages.

“We will not fold our arms for any group to take the laws into their hands; we have tried to deepen community relations because Abuja is a national project, but disregard for law and order is unacceptable,” Bala said, and made it clear that the government would hold the local chiefs responsible for any breakdown of law and order in the territory.

“Sending our women on the street to demonstrate is mischievous and regrettable; they must not allow themselves to be used against the government.”

The minister said that no group of persons can prevent any arm of government from carrying out its statutory duties, saying: “the FCT Administration has records of all the natives as well as their buildings, which will not be removed until government has adequately compensated and resettled them.

“Any structure outside the already enumerated ones might not be spared, as they constitute security risk.”

He further warned the traditional rulers and village heads to desist from selling plots of land, as some of the structures being demolished by the FCTA fell into that category.

Man To Die For Stealing N5,000, Armed With Cutlass

 

Aloma MukhtarAn Asaba high court has sentenced a 31-year-old motor loader, otherwise known as “Agbero,” Emeka Nweke, to death by hanging, having been found guilty of stealing a total sum of N5,520 and two cellphones,,armed with cutlass.

Emeka, who is said to be the only son of his parents, was said to have broken into the apartments of his victims to commit the offence.

The court agreed that prosecution had proved its case beyond reasonable doubt. The Prosecution had told the court that the convicted man with others now at large “robbed one Izuchukwu Okeke and other residents of various sums of cash totaling N5,520 while armed with dangerous weapons at Oduke within the Asaba judicial division on or about the 30th day of September 2012.

Similarly, a commercial motorcyclist, otherwise known as okada rider, one Ndubuisi Obiora, 26, has also been sentence to death by hanging for robbery.

The convicted armed robber wept profusely in the open court and threw himself on the ground and rolled immediately the judge handed down the death sentence, thus creating a scene.

He was found guilty of robbing passengers travelling on Benin-Asaba highway at gun point.

He was caught red handed at Oko junction area of the highway by the police anti robbery squad on the 18th July 2012.

 

Lamido Of Adamawa Threatens To Take Adamawa Out Of Nigeria…

Lamido of Adamawa, Alhaji Mustapha Aliyu
Lamido of Adamawa, Alhaji Mustapha Aliyu

The Lamido of Adamawa, in Adamawa state, Alhaji Mustapha Aliyu, today, floated a kite of secession at the ongoing National Conference in Abuja, against the warning by President Goodluck Jonathan that the issue of oneness of Nigeria is a no-go area.
The Lamido, at today’s sitting of the Conference,  threatening to pull his Adamawa people out of Nigeria over what he described as the “behaviour of some elders who claimed to be supporters of President Jonathan.”
The traditional ruler who said he had tried unsuccessfully to speak for three days because he was not given the chance said that the delegates who he refused to mention are putting the nation’s unity at risk with their behaviour.
The Lamido made it clear that his Kingdom transcends Nigeria, stressing that he is ready to pull his people out if the country splits as a result of the action of some people at the conference.
He said if his people are pushed to the wall, they can easily walk out of this country, adding: “jingoism is not the preserve of anyone.
“There is a state in Cameroon called Adamawa and if I run to that place, I can easily assimilate,” said the traditional ruler.
Though some delegates attempted to shout him down with spontaneous shouts of “no, no, no” despite pleas by Justice Idris Kutigi that they should allow him to finish his speech, the traditional ruler continued speaking.
In an obvious reference to controversies that have been raging over whether 75 per cent or 2/3 support of delegates will be needed to ratify a decision, especially when it is impossible to reach a consensus, the monarch said he was surprised at the behaviour of some delegates since, President Jonathan had already stipulated what can be discussed at the conference.

Sultan Sa’ad Confronts President Jonathan Over Alleged Marginalisation Of Muslims In National Confab

Jonathan and Sultan of Sokoto
Jonathan and Sultan of Sokoto

Sultan of Sokoto, Alhaji Muhammed Sa’ad Abubakar III took the complaint of Muslims in Nigeria, of marginalisation in the composition of the ongoing National Conference, to President Goodluck Jonathan at the Presidential Villa today.
The Sultan, leading top ranking members of the Supreme Council for Islamic Affairs (SCIA), held a closed door meeting with the President.
After about 2 hours meeting, the Sultan emerged from the President’s office and went straight to his jeep without looking even at the side of the newsmen that were rushing at him wanting his comment on how the meeting went.
However, the Secretary-General of SCIA, Ustaz Ishaq Oloyede told newsmen that President Jonathan assured them that he would look critically into the complaint of marginalisation.
“What we came to discuss with the President is to consult with him on the complaints of Muslims in this country and he has given us reasons to re-assure the Muslims that Muslims in Nigeria are not deliberately marginalized. He asked us to convey the feelings of the government: of the genuineness of the government, the fairness of the government to the entire populace.”
Ustaz Ishaq said that the President assured them that if there are issues that are not supposed to be as they ought to be, the government would look into such issues, adding that they would believe that President Jonathan was frank with them.
“But we also want to believe that it is proper to protest, just also as it is proper to assume that a leader will always be just even if there are mistakes thereafter.
“We just felt that we must convey the feelings of the Muslims in Nigeria to Mr. President and he has given us his words to re-assure the Muslim community that he is a genuine and committed Christian who will not be unjust to others.”
Also speaking to newsmen, the Special Adviser on Islamic Affairs to the President, Tahir Umar Tahir said that the President has assured the Muslim leaders that he would look into the matter.

Power Sector: Government Is Attempting An Escape By Garba Shehu

Garba-Shehu
Garba-Shehu

I am of the generation of Nigerians who cut their teeth on candle lights and rechargeable lamps and given the way things are going, from bad to worse, I have come to the inescapable conclusion that the vision of 24-hour, seven-day-a-week electric power supply is unreachable in my lifetime. Toyosi Akerele, an inspiring youth leader recently announced in a fanciful pun, that the present generation of leaders had handed nothing but generators to this generation of Nigerians.
At home in Kano last weekend, neighbours said they hadn’t seen light for five days in my part of the GRA. In normal times, you got more power supply here than those who lived in slum sections of the outer city. I met someone from there who said for fifteen days, they hadn’t seen a blink. In Abuja and the other cities, power continues to deteriorate, with just a few cities and towns enjoying very little supplies.
On one of those days last week in Kano, radio news announced the allocation of 12 megawatts to the Kano distribution company with Kano, a megacity by all standard, getting six megawatts, Katsina four, Dutse two and Azare zero.
In February 2013, soon after the Bureau of Public Enterprises (BPE) executed share sale agreements which saw the “historic” hand-over of the 14 out of the successor companies carved out of the defunct Power Holding Company of Nigeria, (PHCN), the federal, government with a fixed eye on propaganda, proclaimed 2013 the “year of power.” Much hope was raised that the take-over of the generation, transmission and distribution by private investors–someone called them asset strippers–will see the new owners revamping the sector and impacting positively on the nation’s power supply. Last year, most Nigerians celebrated Christmas in darkness. Wherever a new leadership takes over a political or even a business entity, there are changes that often come with that. The new leaders start with a zeal to score quick runs, in this case, improve the level of service to make an immediate good impression. When the new owners of the power companies took over, what Nigerians have experienced is a slip-up. Apart from introducing quite a few faces, nothing, by way of improvement, has come to the consumers.
In a hot season as we are now in, with temperatures hovering above 30o Celsius in a majority of cities, and 40 oC and above in the fringe cities of the North, this is a period where there is usually an increase in the demand for power for cooling the environment as well as storage. An increase in demand and declining supply make for a very bad combination. With a population of 170 million, Nigeria requires an average of 40,000 megawatts of electricity. As it is, less than 4,000 or 10 percent is available for both industry and domestic consumption.
After surrendering to the deteriorating situation for many years, those citizens who believed in the government that things would get better and delayed such investment decisions as the purchase of generating set, are now the wiser. They are bringing out money from savings to buy their own units. For those who can’t afford to do that, there is a booming electricity supply underground by retailers who wire up shops and houses in neighbourhoods, selling power per minute and hour. Without this, women can no longer prepare soup and store it inside refrigerators. They will also have to buy beef and poultry on a day-to-day basis. Government offices that cannot power a whole establishment now buy 2-5 KVA generators, exclusively to power the office of Permanent Secretary or even Minister.
As a television reporter covering the Ministry of Power said, this was how bad things were in the final days of the Shagari administration. At that time, overall national output had dropped to a miserable 900 megawatts. The only difference is that you had the power sector under a state monopoly. You could then by right, hold the Minister and his government responsible for the situation. But state control of the power sector, as argued by many, was counter-productive and eventually was dismantled. With this so-called “significant milestone” by which generation, transmission and distribution are driven by the private sector, government officials are already pointing at the new owners as those responsible for the terrible situation. But government can’t run away from the public. With 80 percent of power plants which are gas-fired deprived of regular gas supply amidst increasing sabotage of gas and oil pipelines in the Delta region, as illustrated by the recent bombing of the gas supply pipeline between Excravos and Warri, it is hard for the government to play ostrich on this matter even if that is their wish. They can’t run away from responsibility by abandoning consumers to the antics of “asset strippers” exploiting the ordinary citizens to their marrow. You wonder why you have a minister of power, with the addition of a junior minister if all they have to do is to drink tea at the Council of Ministers and draw fat salaries and allowances, if they have no power and will to regulate the sector. Why the hell do you have a huge government agency, the National Electricity Regulatory Commission if they cannot ensure market and operating rules in the power sector? Who is there to right the wrongs in the power sector? It doesn’t sound like we have a government in place. If we had one, someone should start worrying about the sliding power supply, insisting on performance and righting the wrongs that are right therefore before everyone’s eyes. Should government be running from its responsibility?

Fulani Uprising: Federal Govt May Stop Transportation Of Cows Across The Country, Tighten Border Security

PIC   003Nigerian Federal Government is making moves to stem what seems to be uprising by Fulani people in many parts of the North and South.
Rising from a meeting on grazing reserve at the Presidential Villa, Abuja today, Vice President Mohammed Namadi Sambo instructed a grazing reserve committee to work towards stopping transportation of cattles across the country.
Minister of Agriculture, Akinwumi Adesina told newsmen after the meeting that the alternative measures being worked out is the opening of more abbatoirs.
He said that measures are also being put in place to tighten security on the country’s borders to prevent elements that are infiltrating to cause security problem from entering.
“Dialogue among some stakeholders, especially in Benue and Plateau, the flash points of Fulani uprising, is being worked out too,” the minister said.

Nigeria No Longer The Happiest In The World, Survay

Alvarado, Cassandre 2009A survey by the United States-based Jetpac has pushed Nigeria from the number one position as the happienst country in the world to Number 58 and even number six in Africa.
Nigeria was rated the happiest country in the world just a few years ago, but today, has dropped out of the top 50 and even beaten by five other African countries in a new survey of the world’s happiest countries.
A statement released today in California by Jetpac to mark the International Day of Happiness, showed South Africa, Angola, Egypt, Ghana and Tunisia ahead of Nigeria on the scale of happiness. Nigeria, however, beat Morocco, Kenya, Tanzania and Mauritius.
The survey involved 12 countries, with Brazil at the top and Japan bringing up the rear.
Jetpac said the ranking is based “not by how happy people say they are, but by their actual smiles.”
It added: “Finding the Happiest Countries in the World took doing image processing on over 150 million Instagram photos to count and size the smiles on people’s faces from all the cities in the World. From counting the pixels, we were able to come up with a Smile Score for every city in every country.
“Smiles on the faces of millions of people in millions of photos are the most direct measure we have of happiness. Previous attempts to measure happiness have relied on survey questions or indirect measures.” Jetpac is identifying smiles on faces and then measuring the shape and size of the smile – a small grin doesn’t score as highly as a broad smile. “Smiling for the camera seems to be a cultural norm for a country.”
Below are the happiest countries in Africa, the score of each and position in the world:
6. Tanzania 17.0
104. Mauritius 14.7
1. Brazil 60.5
2. Nicaragua 59.4
3. Honduras 53.9
4. Colombia 49.8
5. Bolivia 48.1
6. Costa Rica 47.5
7. Venezuela 47.0
8. Philippines 46.0
9. Guatemala 42.0
10. Mexico 40.3

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