The President, Dangote Group, Alhaji Aliko Dangote, on Monday disclosed that the company would invest $450m in agriculture development in Niger State over the next three years.

Dangote, who made this known during the 2017 Niger State Investment Summit in Minna, said the funds would be used in establishing a large scale rice processing mill to process over 200, 000 metric tonnes of paddy rice.

He said that a state-of-the-art fully integrated sugar refining industry would also be established.

“The Dangote Group is committed to invest around $450m over the three next years to establish a large scale rice processing mill for out growers.

“Our company is also establishing a state of the art fully integrated sugar industry involving the development of over 30,000 hectares of sugar cane plantation and the production of about 500, 000 metric tonnes of refined sugar.

“We are very excited about these investments and look forward to kick-starting this mutually beneficial partnership with the government and good people of Niger State,” he said.

Dangote, who was represented by Alhaji Mansur Ahmed, noted that the company also planned to invest over $1bn in agricultural production and processing of selected commodities like sugar, rice and tomatoes across the country.

According to him, Niger has become the destination of choice for investment in the agricultural sector given its rich and vast arable land.

He said that the company was poised to leverage on that toward a virile agriculture based economy.

Dangote said that the group would also continue to engage governments at the federal and state levels where there was great potential to explore investment opportunities.

The Commissioner for Investment, Commerce and Industry, Mrs Ramatu Yardua said the aim of the summit was to market the state as an investment destination in agriculture considering its enormous potential which was largely untapped.

Yardua said that agriculture was key to moving the country out of recession, adding that the state was committed to creating a conducive and enabling environment for would be investors.

The summit, which had as its theme: Impact Investing for Advancing Agricultural Economy and Innovation will end on Aug. 15.

http://investorsking.com/dangote-invest-450m-agric-niger-state/

And some people are there shouting Oduduwa and Biafra Republic with no clear head of what happens next?

God bless Dangote and family.

Madrid.guy to invest $850million in agriculture development in Anambra State over the next 5 years.

Nice one.... I hope other billionaires both legal and illegal will at least learn to invest here instead of dubai, USA and yacht of 88million dolz

madridguy:
Madrid.guy to invest $850million in agriculture development in Anambra State over the next 5 years.

Which field do you intend to go into?

Rice farming?
Poultry?
Fish farming?
Cucumber farming?
Piggery?

I suggest you go for either or both of the last two, thank me latter.

any field excluding piggery.

LionDeLeo:


Which field do you intend to go into?

Rice farming?
Poultry?
Fish farming?
Cucumber farming?
Piggery?

I suggest you go for either or both of the last two, thank me latter.

madridguy:
any field excluding piggery.

But piggery is very lucrative, ask Nnamdi Kanu, he is now into that farming and has been smiling to the bank.

Nice way to go exiting recession is not by mouthing words but by making investment like this.

LionDeLeo:

But piggery is very lucrative, ask Nnamdi Kanu, he is now into that farming and has been smiling to the bank.

Good one by Dangote.

People need to go into more farming activities to help us out of rising costs of feeding...

A drug baron hiding under cement and sugar business

We really should stop this,I don't know why we all are being tribalistic, we are Nigerians and we should be unified,enough of afonjas and Igbos.
How do we think the nation is going to better if we are disintegrated, I am neither afonja or Igbo but I love everyone just the same

Very nice

And so?

Is he not a Nigerian?

Is he doing it for charity? No, it is business and profit as usual.

Lets wait until the softcopy is reproduced in hardcopy before we start singing him praises.

LionDeLeo:

But piggery is very lucrative, ask Nnamdi Kanu, he is now into that farming and has been smiling to the bank.

LionDeLeo:

But piggery is very lucrative, ask Nnamdi Kanu, he is now into that farming and has been smiling to the bank.

We really should stop this,I don't know why we all are being tribalistic, we are Nigerians and we should be unified,enough of afonjas and Igbos.
How do we think the nation is going to be better if we are disintegrated, I am neither afonja or Igbo but I love everyone just the same

Such a shame one certain albino monkey decided to turn his fellow tribesmen to the object of mockery in nigeria

Let me drop this hard fact: Despite the recession, Dangote has invested more in the country in the past 2yrs than the Federal Government.
Talk about a serious government.

K

Thank you sir, you can as well buy the country

edeXede:

A drug baron hiding under cement and sugar business

Jealousy driven with poverty. Receive sense!

edeXede:


A drug baron hiding under cement and sugar business

What name have you made for urself , even in a micro-blog like nairaland.
Stop hating, do something your children would be proud of.

Blood of Chris Brown!


Dangote's dominance is really thriving despite the economic downturn.

Tiffbuxas:
Nice one.... I hope other billionaires both legal and illegal will at least learn to invest here instead of dubai, USA and yacht of 88million dolz

lol

edeXede:


A drug baron hiding under cement and sugar business

Like the Anambra 'bishop'?

edeXede:


A drug baron hiding under cement and sugar business

Drink responsibly! (18+)

AMEN

Igbos are busy investing in Lagos.

Meanwhile Muhammed Indimi burnt $20 million on a birthday bash.

Same dollars, different impacts.

It's all about perspectives.

...

That is a good one.

Let me join the team biko.
We start from Minna to Bida, Kontagora to Zungeru, Suleja and then we end in Lapai.


During recession, we are all farmers

...