Africa's richest man and chairman of Dangote Group, Aliko Dangote has invested $1billion in rice production in Nigeria.

The signing of the $1billion-dollar Rice Investment Memorandum of Understanding (MoU), between the Federal Government and Dangote Group held at the State House, Abuja yesterday August 1st

The Minister of Agriculture, Adewunmi Adesina and Alhaji Dangote signed on behalf of the Federal Government and Dangote Group respectively.


Commending Dangote Group, president Jonathan said the investment is the single largest investment ever made in rice production in Africa. He thanked Alhaji Dangote for investing in agriculture and assured him that his investment will be worthwhile.


President Jonathan said he looked forward to a time Nigeria will be self-sufficient in rice production and a net-exporter of the grain, adding that the Federal Government will protect Nigeria’s borders and check smuggling.
"Government cannot allow its borders to be porous. We are working on non-human measures and smugglers should have a rethink now and change their ways by investing their resources in other meaningful areas,” he said.
In less than four years, Nigeria hopes to become a net-exporter of rice. The Dangote Group’s investment in rice will cover five states and contribute additional 1.4 million metric tonnes of Paddy rice.
Alhaji Dangote thanked the President for the consistency of government policies, noting that the current $25 billion-dollar Dangote Cement Company was the result of the consistency of government policies. He assured President Jonathan, “We will continue to work hard and will not disappoint you.”

Source: http://babawalexy..com/2014/08/photos-aliko-dangote-invests-1billion.html

The fact that dangote is into almost everything is not what borders me, what does is how he manages everything. Does he even have time to sleep.

blink182: The fact that dangote is into almost everything is not what borders me, what does is how he manages everything. Does he even have time to sleep.

He does not and that's why he has managers and accountants in his employ working for him.

2sExy1:

He does not and that's why he has managers and accountants in his employ working for him.

go and study the man he is a micro manager. Even if he is not, he still has to study income statements at least once a week or shares them into different days. This may not sound like much but try running 3 firms from financial statements and you will get a picture of what the man has to do. As an entrepreneur, no matter how big you get you always have to know where your money is and what it is doing.

blink182: The fact that dangote is into almost everything is not what borders me, what does is how he manages everything. Does he even have time to sleep.

Make God give me such wealth first.

Sleep or no sleep will never be a problem.