Africa’s richest man and Chairman, Dangote Group, Mr. Aliko Dangote, says 98 per cent of all dairy products consumed in the country are imported.

He said that the nation was at the risk of hunger in the next few years if the mass food importation was not checked.

Dangote made this assertion in lagos on Monday while addressing some students of the Executive MBA class of the Lagos Business School who visited the Dangote Petrochemical Refinery.

He said, “Ninety-eight per cent of all the milk and dairy products we consume in Nigeria are imported.



“This is why Dangote Group has planned to develop dairy plants, and develop homegrown milk production, to reduce importation.

“By 2020, it is estimated that the Nigerian population would have risen to between 207 million and 210 million. If we do not make efforts to grow and process our own foods, God forbid, we will go hungry.

“We have been in talks with the Central Bank of Nigeria on ways we can add value to our local produce, and we have marked massive dairy production for the next three years.

“We cannot solve all Nigeria’s problems, but at least we can embrace and add value to areas where we have comparative advantage.”

He said that Dangote Group was the most capitalised company on the stock exchange, with investments which include six ongoing projects that would create not less than 250,000 jobs across the nation.

He said that the refinery, which primarily majored in gas plants, petrochemicals and fertilizer production, could generate an annual foreign exchange savings and earnings of $15bn dollars.

He said it would also generate up to 1500 direct jobs and 15,000 indirect jobs in support services and logistics, which would also include up to 22,000 housing facilities.

Dangote also said that the East West Onshore Gas Gathering Section pipeline of the refinery was a $3bn investment specially dedicated to generate 12,000 mega watts of power for industries.

He urged the students and other potential entrepreneurs to endeavour to venture into businesses that they are familiar with.

(NAN)

http://punchng.com/food-importation-nigeria-risk-hunger-says-dangote/

And the guy man in aso Rock aint ready to reverse his yeye policy...... hunger is already on ground Mr dangote

HungerBad

every time we hear news like this yet more youth in the rural area are leaving to the urban areas in search of the so called greener pastures.


Then it leaves me wondering, who will do the farming. When the once farming are not even seeing the profit of their labour.

Dangote we don dey hungry since!

He said the truth.

I see but we no dey chop for this country.
na gum we dey chew.

why wont this guy be rich?

He has the money (Though I personally think, he some times launder money for some of his rich political friends, he can bring out $2 billion and on one wound look to deep into his affairs, remember his is a business man and they don't keep money idle)

he has the idea (he predicts future trends and key into such sector to reap the benefits)

and he has the guts to follow thru his ideas. (He gets government to back his ideas and even make polices to suit him, that is part of business strategies)

These are some recipes for his success.

Nice one

Hmmm

Farming is the only alternative to stay unhungry

Ok

The rich should be ready to be eaten by the masses

na buhari cause ham..

It has always been a problem ..I wrote a paper on it.the stats are scary.

K

There is a big potential in not just dairy but in the entire value line of agriculture. The mistake is we all think agric is about farming or rearing, however, processing, preserving, trade and services are where the business truly lies.
let the young entrepreneurs think this through at all times

Venturing into business or farming is good, but where will funds/capital come from? Na to turn omila remain to raise capital, no collateral to collect loan from banks...

In Nigeria more than 80% a farmers and we are hungry. In the USA just 5% are farmers and they are not hungry.

Well his ideas are good...but I'll suggest he starts his production of dairy products first..so we d consumers can have d power of choice...wen it comes to price and quality of product...

Like seriously?

It will get better.

I and my family members are divinely connected to a limitless source. Come what may...

Nigeria is just a perfect market for Dangote

Wetn do our agricultural sector sef, nawa o.

A billionaire indeed. But tryin to be a determinant in a country economy. But a jack of all trade. By de grace of God notin like hunger in Nigeria.

ok

Tell Buhari d truth

Lagos Business School...MBA executive...

When will LBS start a Masters Program in Logistics and supply chain management...

If we go into farming fulanis we destroy our crops with their cows.

thank God you know... please tell your Brother make he do something