Dangote Group To Invest Over $1bn In Agricultural Production In Nigerian
The President of the Dangote Group, Alhaji Aliko Dangote, has said that the company is planning to invest over $1 billion in agricultural production and processing of selected commodities like sugar, rice and tomatoes across Nigeria.Speaking at the 2017 Niger State Investment Summit in Minna, the state capital on Monday, Dangote, who was represented by Alhaji Mansur Ahmed, said that the company was poised to leverage on a virile agriculture based economy.
Dangote said that the group would also continue to engage governments at the federal and state levels where there were great potential to explore investment opportunities.
He announced that the company would be investing 450 million dollars in agriculture development in Niger State in northern Nigeria over the next three years
He said that the funds would be used in establishing a large scale rice processing mill to process over 200, 000 metric tonnes of paddy rice.
According to him, a state-of-the-art fully integrated sugar refining industry would also be established.
“The Dangote Group is committed to invest around 450 million dollars over the three next years to establish a large scale rice processing mill for out growers.
“Our company is also establishing a state of the art fully integrated sugar industry involving the development of over 30,000 hectares of sugar cane plantation and the production of about 500, 000 metric tonnes of refined sugar,” he said.
He noted that these investments will kick start the mutually beneficial partnership with the government and good people of Niger State.
Niger State, he noted, has become the destination of choice for investment in the agricultural sector given its rich and vast arable land.
Source: Journal Du Cameroun
