Dangote Goes To Farm In Niger State With 1.3 Billion Naira
Africa’s richest man, Aliko Dangote is rolling up his sleeves and going to farm in Niger State.
The President of Dangote Group, on Monday said his company would invest $450 million, about 1.3 billion Naira in agriculture in Niger State over the next three years.
Dangote, who made this known during the 2017 Niger State Investment Summit in Minna, said the funds would be used to establish a large-scale rice processing
mill to process over 200, 000 metric tonnes of paddy rice.
He said that a state-of-the-art fully integrated sugar refining industry would also be established.
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“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.
“We are very excited about these investments and look forward to kick starting this mutually beneficial partnership with the government and good people of Niger State,” he said.
In addition, Dangote noted that the company also plans to invest over $1 billion, about 305 billion naira in agricultural production and processing of selected commodities like sugar, rice and tomatoes across the country.
This means more jobs are on the way. It also means you should locate yourself strategically as a farmer in Niger state to benefit from the investment - It is not a loan o!
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