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Dangote Signs N165bn Rice Investment Deal With FG - Politics - Nairaland

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Dangote Signs N165bn Rice Investment Deal With FG by bugs2: 8:17am On Aug 02, 2014
Dangote Industries Limited yesterday signed a Memorandum of Understanding (MOU) with the federal government, through the Ministry of Agriculture and Rural Development, to invest a total sum of $1 billion dollars equivalent to N165 billion for the development of integrated rice projects across five states.

Chairman of the group and African business mogul, Alhaji Aliko Dangote, who made the revelation in Abuja during an interactive session with the minister of Agriculture and Rural Development, Dr Akinwumi Adeshina said the five beneficiary states include, Edo, Jigawa, Niger, Kebbi and Kwara.

According to Dangote, “Apart from producing rice, the investment will ensure that Nigeria begins to export rice, while creating thousands of jobs for the many unemployed Nigerian youths through the out-grower system. If Nigeria sorts the problem of power and agriculture in Nigeria, the nations GDP will grow at double digits,” he added.

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Re: Dangote Signs N165bn Rice Investment Deal With FG by Descartes: 8:20am On Aug 02, 2014
Good development. cool
We should do away with over dependence on oil , angry
and face Agro Sector squarely cool
Re: Dangote Signs N165bn Rice Investment Deal With FG by aminho(m): 8:44am On Aug 02, 2014
aboki no dey carry last
Re: Dangote Signs N165bn Rice Investment Deal With FG by mogentle(m): 8:53am On Aug 02, 2014
I love this initiative from GEJ. That's what we are advocating, govt does not have to provide everything but should formulate good policies which will enable investors to invest confidently and thereby improve our economy. It's a great step though i do criticize him sometimes.

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Letter To The Editor, The Times, Aug 12, 1968 / Leaders Made In Hell / 150 ,000 Seek Enlistment Into Osun Youth Programme.

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