Niger: Dangote Group To Invest $450m On Agric
The President of Dangote Group, Alhaji Aliko Dangote, on Monday disclosed that his company was set to invest a whopping sum of $450 million in agriculture in Niger State over the next three years
Making this known during the 2017 Niger State Investment Summit in Minna, Dangote said the fund would be used to establish a large-scale rice processing mill to process over 200,000 metric tonnes of paddy rice.
According to him, “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.
Represented by Alhaji Mansur Ahmed, Dangote noted that the company also planned to invest over $1 one billion in agricultural production and processing of selected commodities like sugar, rice and tomatoes across the country.
