OFFICIAL SIGNING CEREMONY OF M.O.U BETWEEN ONDO STATE GOVERNMENT AND COCASET COMPANY LIMITED FOR FLOATING A SUGAR COMPANY

The Memorandum of understanding for signing ceremony between Ondo State Government and COCASET Company Limited took place on the 15th of August, 2017 at the Governor’s Office, Alagbaka Akure in Ondo State.

Brief presentation on the development of the Memorandum of Understanding (M.O.U) between the 2 stakeholders was conducted by the Secretary to the State government on Public Private Partnership (PPP) Barrister O. Emanuel who stated that the assignment was based on the directives of the state governor (who assigned the committee) to confirm all the activities of COCASET project before evolving M.O.U with the state. Following the findings of the committee, it was confirmed that all the host communities have agreed to release 1,250ha of land at Oma Village in Ikaro. The outgrowers have also made arrangement to engage their members for cane production. He explained that the investment on machinery/equipment was also finalized with the co-financiers based on the M.O.U agreement that 20% equity should be provided by the promoter. Following this progress recorded the state government have introduced COCASET to FCMB to provide the funds (for working capital for the project) against local Bank guaranty from the co-financial Bank. Thereafter the funds will be released for 100% confirmed letter of credit for the machinery including funds for factory management, consultancy and training of operators. This action will be effected immediately the equity contribution is presented to the financiers.

Brief remarks on progress made so far by COCASET was delivered by Chairman COCASET Nig. L.t.d. Mr. Adetoye Segun who explained that an M.O.U with co-financiers Messrs Broad Spectrum L.t.d Abuja has been signed. Based on this development Broad Spectrum has been introduced to ASHOKA Machine Tools India. In addition, COCASET has signed a 2 years factory operation management and personnel training management agreement with the manufacturers. He appreciated the sincerity and keen interest of the state government towards partnering with COCASET on the project. He commended the great effort and long term support of NSDC and recent approval of 200 tonnes of seed cane to the Company for onward multiplication. He called on all stakeholders to fully cooperate for the successful implementation of the project.

Brief on benefits to be derived from the project was delivered by the representative to NSDC and Zonal Coordinator NSDC Zonal Office Ilorin, Mr. Balarabe Ladan. He enumerated the mission and vision of the NSDC and stated that sugar factory is next to textile in employment of labour. He urged the stakeholders to put more effort at ensuring speedy installation of the factory and NSDC will support the project based on the guidelines stipulated in the NSMP. He thanked the state government for their sincere support to the project. He also presented copies of NSDC publications to the executive governor and his cabinet members present.

In his welcome Address the Executive Governor Akeredolu Oluwa Rotimi expressed joy to witness the signing ceremony particularly the cooperation demonstrated of all stakeholders i.e. the host communities, the co-financiers, the state government and COCASET. He called on the stakeholders to put more at ensuring successful commissioning of the project comes November 2019.

Visit of the Implementation team of enabling business environment secretariat (EBES) to the Council

As a follow-up to the Focus Workshop on the implementation of Executive Order 001, 2017 organised for all Ministries, Departments and Agencies (MDA), the Implementation Team from the Enabling Business Environment Secretariat (EBES) visited the Council on Tuesday August 8th, 2017 to conduct strategy session with the Council’s Operationalization Committee and the entire Management and Staff of the Council to discuss the Implementation of the Council’s operationalization plan. The focus of discussion by the team was the three checklists for the plan which includes; Service Level Agreement (SLA), Customer Interface Mechanism, and Communication Strategy.

FG, Sugar Refinery Operators Sign Revised Edition of Backward Integration Programme (BIP)

The Federal Government and representatives of major sugar refineries in Nigeria today signed the revised edition of the Backward Integration Programme (BIP) for the sector in Abuja.

The revised BIP plan which is expected to run for five years, contains strategies, plans and programmes that would ensure as well as fast-track the attainment of the BIP component of the Nigerian Sugar Master Plan (NSMP).

Speaking today at the Signing Ceremony, the Honourable Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah lauded the idea, stressing that it will guide government and other stakeholders in the sugar sector on the steps to take in achieving quicker results in the sector.

Dr. Enemalah who stressed the need for the BIP Operators to remain committed to the guidelines contained in the revised edition of the BIP, urged them to be transparent and sincere with regards to the provisions of the BIP.

In his welcome address, the Executive Secretary of the National Sugar Development Council (NSDC), Dr. Latif D. Busari, said the BIP of the refineries remains a major strategy for achieving the objectives of the NSMP, adding that government will ensure that the new guidelines for BIP Operators which have been circulated are adhered to.

Dr. Busari said, “It is in this this regard that I am appealing to all MDAs, (especially members of the SURMIC) whose monitoring and other regulatory statutory functions impact on the NSMP, for their support and cooperation in the tasks ahead”.

On how to ensure compliance, Dr. Busari said, “The Sugar Council has already developed monitoring templates for the next phase of the NSMP. These templates will be made available to SURMIC and the Sugar Industry Monitoring Group (SIMOG), to facilitate their monitoring functions and keep pace with developments at the BIP sites”.

Speaking on behalf of the BIP Operators, the Managing Director, Dangote Sugar Refinery, Engr.  Abdullahi A. Sule while commending the idea, called on the Federal Government to address challenges such as community hostilities and lack of access to land which according to him are capable of stalling progress in the sugar sector.

He pledged the support and cooperation of other BIP Operators, and assured that they will comply with all the guidelines contained in the revised edition.

 

Dr. Enelamah Lauds Busari’s Commitment to Work

…..He pushes me to work harder

The Honourable Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah says the Executive Secretary of the National Sugar Development Council (NSDC), Dr. Latif D. Busari is one of his lieutenants “in whom I have tremendous confidence in”, adding that, Dr. Busari’s attitude to work is “exemplary and worthy of emulation”.

Dr. Enelamah said the NSDC under Dr. Busari’s leadership is on the path of progress and has introduced a number of brilliant policies capable of turning the fortunes of the nation’s sugar industry around.

The Minister gave this commendation at the Signing Ceremony of the Revised edition of the Backward Integration Programme (BIP) plans for sugar refineries as part of efforts to guarantee the attainment of the Nigeria Sugar Master Plan (NSMP) goals.

He said, “I am quite pleased with the Executive Secretary of Sugar Council. He has indeed demonstrated rare commitment and excellence in his handling of the affairs of this agency. He pushes me to work. Dr. Busari is one of my lieutenants who are so committed to the vision and programmes of this administration”, he noted.

“He is one of the members of my team that ensures I act quickly on files. Once I receive files from him, I often make haste to forward them to the Villa for Mr. President’s attention, knowing that Dr. Busari would be on my neck. He is doing very well. I urge other Chief Executives to emulate his leadership style”.