Dangote set to invest more in agriculture

To support the focus of President Muhammadu Buhari-led administration on boosting the agricultural sector, Dangote Group has reiterated its commitment to invest more in the sector.

President of the Group, Alhaji Aliko Dangote, who disclosed during the Dangote Industries Special Day at the on-going 40th Kano International Trade Fair, explained that he would also continue to partner with various tiers of governments in the country, in order to build sustainable and inclusive economy for the benefit of all Nigerians.

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Plans announced: Dangote said that he intended to expand his sugar investments. He announced that as part of his support for the sector, a three-million ton per year fertilizer plant is under construction by the Group and would be inaugurated early next year.

According to him, the group is also set to develop six large scale rice milling plants. The plants would be located in six northern states – Kano, Jigawa, Zamfara, Niger, Kebbi, and Sokoto, with a combined total milling capacity of 1.5 million per annum.

Speaking further, Dangote assured that other sectors that have existing investments such as cement, salt and so on, would be complemented when the investments in the agricultural sector take off.

He said when the Dangote Refinery is completed, it will help in curbing the smuggling and importation of petroleum products.

 

Dangote said, “We are also significantly involved in the oil and gas sector, with on-going construction of one of the world`s largest petroleum refinery which we hope to commission within the next 12 to 15 months. This will not only put an end to the embarrassing importation of products into our crude oil-rich country but will also significantly boost our intra-African trade position.”

 

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Author: see naija

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