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Nairaland Forum / Nairaland / General / Business / Afdb President Predicts Dangote Will Become Largest World Rice Exporter (11125 Views)
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Afdb President Predicts Dangote Will Become Largest World Rice Exporter by masterpiece86: 7:37am On Apr 18, 2017 |
The President of the African Development Bank (AfDB), Mr. Akinwumi Adesina, has said Africa’s richest man, Aliko Dangote, will become the largest exporter of rice in the world by 2021. Adesina said this at the Mo Ibrahim Forum in Morocco at the weekend. He said Africa should focus on agriculture to drive growth and employment on the continent. Adesina, according to the News Agency of Nigeria (NAN), recalled that during his tenure as Nigeria’s Minister of Agriculture, Dangote decided to invest in local production of rice due to government’s import substitution policies. He said Dangote initially planned a $300 million investment in production and processing of rice in Nigeria but later changed it to $1 billion three months after. “If they continue that policy, he would probably be the single largest producer of rice in the world in about four years. “The reason I was so excited about that is that agriculture is cool; agriculture is a business and agriculture pays,” Adesina said. Dangote, the Chairman of Dangote Group, said he ventured into rice cultivation because of government’s interest to revive agriculture as the mainstay of the economy and reduce importation of food that could be produced locally. He lamented that Nigeria consumes 6.5 million metric tonnes of rice which costs the nation over $2 billion annually and commended government’s policy that encourages private sector’s active participation in agriculture. “In the next three years, we want to produce one million tonnes of quality rice, make it available and affordable to the people. “We hope to do 150,000 hectares and when we are done, Nigeria will not have anything to do with importation of rice,” Dangote said. According to him, Dangote Rice Outgrowers Scheme is committed to creating employment, increasing incomes of smallholders farmers and ensuring food security in the country. He said to achieve the goal, the scheme would provide high quality seeds, fertilisers, agro-chemicals and technical assistance on the best agricultural practice to farmers. “This scheme will help to diversify the economy, alleviate poverty and reduce the nation’s import bill. “The scheme has been designed as a one-stop solution for the rice value chain,” Dangote stated. The pilot phase of the Dangote Outgrowers Scheme launched in Sokoto State would create jobs for 16,000 rice farmers in the state. https://www.thisdaylive.com/index.php/2017/04/18/afdb-president-predicts-dangote-will-become-largest-world-rice-exporter/ 1 Share
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Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by sarrki(m): 7:39am On Apr 18, 2017 |
Maybe not We are not folding our arms too I will be the one in that position at the rate I am moving God bless all our hustle 12 Likes 2 Shares |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by SkenolProp(m): 7:48am On Apr 18, 2017 |
I believe this. That guy is on a business roller-coaster. An ACRE of land for sale! Location : Along okota road, Cele Bus Stop, off Apapa Oshodi Expressway. Contact us... 08158645514 for further details. 2 Likes 1 Share |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by ojun50(m): 7:49am On Apr 18, 2017 |
Rice for 9ja or i dey wait |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by Mopolchi: 7:52am On Apr 18, 2017 |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by kings09(m): 7:52am On Apr 18, 2017 |
And so |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by ThinkWISELY(m): 7:52am On Apr 18, 2017 |
sarrki: |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by KingLennon(m): 7:54am On Apr 18, 2017 |
Agriculture is big business in Africa and creates a large amount of revenue for Nigeria. But sadly we prioritize oil production than Agriculture. Dangote is very intuitive and he's putting his money where the money is. 1 Like |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by mikeycharles(m): 7:54am On Apr 18, 2017 |
hey Adeshina the man that helped in revolutionizing our agricultural sector. 3 Likes |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by SooCute(m): 7:54am On Apr 18, 2017 |
2 Likes |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by Holatunde007(m): 7:54am On Apr 18, 2017 |
Largest exporter indeed when his citizen can't even consume rice at very cheap price..... Meanwhile Pls I need work either factory or catering serving 4 Likes |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by Lanre4uonly(m): 7:54am On Apr 18, 2017 |
It is noted. God bless Nigeria. |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by BRIGHTRIVERS(m): 7:55am On Apr 18, 2017 |
AFDB or ADB? It's a good news.The junior brother of my father's step sister's step Son will soon be a Trillionare |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by SirHouloo(m): 7:55am On Apr 18, 2017 |
Dangote again... Same story about his refinery... So where has all the embezzled billions our politicians been siphoning going to? 4 Likes 2 Shares |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by Pavore9: 7:55am On Apr 18, 2017 |
Hoping so. |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by girlhaley(f): 7:55am On Apr 18, 2017 |
We pray o |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by smartty68(m): 7:56am On Apr 18, 2017 |
I hope so too. Oya go and include it in Nairabet and see how many peeps tickets go cut cut upandan |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by Nobody: 7:57am On Apr 18, 2017 |
Enough of this crap joor... What about his country? |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by Nobody: 7:57am On Apr 18, 2017 |
He shouldn't predict for himself ooo continue to predict for other person. Remember Dangote is human and he started small. 1 Like |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by Nobody: 7:57am On Apr 18, 2017 |
charity begins at home.he should become the largest importer in Nigeria first |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by koladebrainiac(m): 7:58am On Apr 18, 2017 |
This would be great but it will affect some other company who wants to do rice farming too |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by smartty68(m): 7:58am On Apr 18, 2017 |
yourexcellency: Importer or Exporter? Which one? 2 Likes |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by smartty68(m): 7:59am On Apr 18, 2017 |
koladebrainiac:If competition doesn't exist in a business environment then the price of commodity won't fall 1 Like |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by Nobody: 7:59am On Apr 18, 2017 |
Yes. keep wishing good for Nigeria to have the best exporter whereas IPOB terrorist groups are wishing Buhari dead. Dangote God is your strength. Your enemies will fail like PDP |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by Moreoffaith(m): 7:59am On Apr 18, 2017 |
And when he becomes that what will happen to Nigerians We suffer it right... Have you forgotten what he promised us on cement A bag of cement now is 2300 if I am right. |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by Nobody: 8:00am On Apr 18, 2017 |
masterpiece86: You gotta love Adesina's passion for agriculture. It's almost infectious. However we need to explore ways of making financing available to more people. A lot of young people here really want to play in the agriculture game, maybe not up to Dangote's scale. But it seems they are not given enough attention, perhaps because they are not of Dangote's size. If we have more successful micro/medium agro-entrepreneurs, we can reach food sufficiency faster. It will also help bridge the wide gap between the extremely rich and the poor in this land. Cheers |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by ednut1(m): 8:01am On Apr 18, 2017 |
Waiting for those who will shout monopoly |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by smartty68(m): 8:02am On Apr 18, 2017 |
Moreoffaith: Baba na so we country dey. Na so so promise and fail be our leaders watchword |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by philEscobar(m): 8:02am On Apr 18, 2017 |
My mentor!! Dangote i cante wait or this man's convoy to hit my dog ahhhhh ahhhh.... Gbese!!! i af blow be dat!!! Efe go envy m |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by philEscobar(m): 8:02am On Apr 18, 2017 |
My mentor!! Dangote i can wait or this man's convoy to hit my dog ahhhhh ahhhh.... Gbese!!! i af blow be dat!!! Efe go envy m |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by philEscobar(m): 8:02am On Apr 18, 2017 |
My mentor!! Dangote i cant wait or this man's convoy to hit my dog ahhhhh ahhhh.... Gbese!!! i af blow be dat!!! Efe go envy m |
Re: Afdb President Predicts Dangote Will Become Largest World Rice Exporter by smartty68(m): 8:03am On Apr 18, 2017 |
philEscobar: Kwontinu waiting... Lemme go and find where I kept my whistle sef |
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