The President of Dangote Group, Alhaji Aliko Dangote, has said the company will invest $450 million in agriculture in Niger State, Nigeria, over the next three years, with a particular focus on rice production.
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 with a capacity to produce over 200,000 metric tonnes of paddy rice.
He also revealed that a state-of-the-art fully integrated sugar refining industry would be established. “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.
The company also planned to invest over $1 billion in agricultural production and processing of selected commodities like sugar, rice and tomatoes across the country.
According to him, Niger has become the destination of choice for investment in the agricultural sector given its rich and vast arable land mass.
The group would also continue to engage governments at the federal and state levels to explore investment opportunities.
Source: Footprint to Africa