Dangote Group To Invest $1bn In Rice Farming - Agriculture - Nairaland
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| Dangote Group To Invest $1bn In Rice Farming by petsarena: 5:41pm On May 31, 2017 |
Dangote Group is making a five-year investment of not less than $1 billion to grow and process rice in seven Nigerian states, making sub-Saharan Africa’s biggest importer of the grain closer to its goal of self-sufficiency. Dangote Rice, an arm of the Lagos-based company, plans to increase cultivation of paddy, or raw rice, to 150 000 hectares (371 000 acres) and harvest an annual 1.7 million metric tons by 2019. Most of the output will be grown by medium and smallholder farmers through an “outgrower scheme” that would see Dangote Rice providing equipment and training, project director Robert Coleman said in an emailed response to questions. “Ultimately, at harvest, Dangote guarantees to buy the farm produce back from the farmers at an agreed/prevailing market price,” Coleman said Tuesday. In a bid to boost its food self-sufficiency, Nigeria capitalised the state-owned Bank of Agriculture to lend to farming projects at less than half the commercial rate. Nigeria is also liasing with the African Development Bank and World Bank to provide staple crop-processing zones with the electricity and roads needed to attract more private-sector money. Dangote group is investing in the northern states of Jigawa, Kano, Zamfara, Niger, Sokoto, Kogi and Adamawa, is also planning to build mills to transform the paddy into an estimated annual 1 million tons of high-quality parboiled rice by 2019. A first set of imported mills is expected to be delivered by early December and be functional by July 2018, Coleman said. Source:http://theprofarmer.com/dangote-group-invest-1bn-rice-farming/
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| Re: Dangote Group To Invest $1bn In Rice Farming by emotions1: 5:42pm On May 31, 2017 |
nice move.....okk
ayam coming back... |
| Re: Dangote Group To Invest $1bn In Rice Farming by kingralph(m): 5:42pm On May 31, 2017 |
Good news |
| Re: Dangote Group To Invest $1bn In Rice Farming by absoluteSuccess: 5:50pm On May 31, 2017 |
Its time all big corporation makes agriculture a 'corporate culture' in Nigeria. Ride on Rich Dad. |
| Re: Dangote Group To Invest $1bn In Rice Farming by bakila: 7:14pm On May 31, 2017 |
We are in charge of the market for now. |
| Re: Dangote Group To Invest $1bn In Rice Farming by Newway2(m): 6:57am On Jun 21, 2017 |
Let's remove drudgery from rice harvest. Rice harvest shldn't be tasking again. Get ds amazing but simple hand rice harvester. For d video of how it works, pls WhatsApp my signature. Follow the thread: https://www.nairaland.com/3864227/reduce-farm-labour-cost-get#57666237 |
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