L
LequteMan
Guest
Nigeria’s foremost conglomerate, Dangote Industries Limited, will according to its president Aliko Dangote invest $300 million (N50 billion) in local rice production to make the country self-sufficient and stop importation of the produce.
Speaking at the World Economic Forum in Switzerland Dangote said: “If I dreamt five years ago that I would invest in agriculture, I will write it off as bad dream or nightmare but today, we’re investing $2.3 billion in agriculture, $2 billion in sugar, and $300 million in rice. In Nigeria, we have one of the most attractive investment policies through framework that the government has put in place to help businesses succeed.”
He said his group's planned investment in agriculture would create 180,000 jobs and will also enable Nigeria to become self-sufficient in food production, as it has become in the cement sub-sector.
According to The Nation, Dangote Industries Ltd. is reputed to be the single largest private sector employer of labour in Nigeria.
Speaking at the World Economic Forum in Switzerland Dangote said: “If I dreamt five years ago that I would invest in agriculture, I will write it off as bad dream or nightmare but today, we’re investing $2.3 billion in agriculture, $2 billion in sugar, and $300 million in rice. In Nigeria, we have one of the most attractive investment policies through framework that the government has put in place to help businesses succeed.”
He said his group's planned investment in agriculture would create 180,000 jobs and will also enable Nigeria to become self-sufficient in food production, as it has become in the cement sub-sector.
According to The Nation, Dangote Industries Ltd. is reputed to be the single largest private sector employer of labour in Nigeria.