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Dangote's Nigeria Tomato Plant Resumes After Years Idling - Business - Nairaland

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Dangote's Nigeria Tomato Plant Resumes After Years Idling by naptu2: 10:39am On Mar 20
Dangote's Nigeria Tomato Plant Resumes After Years Idling

By Mustapha Adamu

March 19, 2019, 2:21 PM GMT+1Updated on March 20, 2019, 7:56 AM GMT+1


⚫Company agrees to buy from farmers at market-linked prices

⚫Plant designed to meet domestic demand for tomato paste


A tomato-paste factory owned by Africa’s richest man, Aliko Dangote, resumed production in Nigeria’s northern state of Kano after staying idle for more than two years over a supply disruption partly caused by a price dispute with farmers.

The factory, with a capacity for 1,200 metric tons of tomato paste daily and targeted at meeting domestic demand, restarted production last week processing about 100 tons a day. It will ramp up output as tomato supply improves, according to Abdulkareem Kaita, the managing director of Dangote Farms Ltd, which owns the factory.

“Our major challenge is the scarcity of the tomato,” Kaita said in an interview at the factory in Kadawa, outside the northern city of Kano. “The local tomato growers could not meet our production demand, we also could not agree with the farmers on the price of tomato per basket.”

Under a new deal with the farmers, the factory will buy tomatoes at prices pegged to what local markets are selling.


Dangote is also developing its own farms with a special tomato strain that could yield 60 tons per hectare, compared with the yield of 10 tons per hectare being recorded by the local farmers, Kaita said. The company plans to distribute the seedlings to growers to boost their output.

The plant, which started production in 2015, was to help Africa’s most populous nation cut paste imports of 300,000 tons a year from China by using an estimated 900,000 tons of tomatoes lost after harvest every year for lack of storage and processing facilities.

Dangote Farms is part of Aliko Dangote’s diversified group of businesses, of which cement manufacturing is the main one. The 61-year-old tycoon, who is currently building a vast $12 billion oil refinery close to the commercial hub of Lagos, is also invested in sugar and flour.

https://www.bloomberg.com/news/articles/2019-03-19/dangote-s-nigeria-tomato-plant-resumes-after-years-idling

7 Likes 1 Share

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by cosby02(m): 10:46am On Mar 20
Imagine a Nigeria without Dangote....

39 Likes 1 Share

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by judecares1(m): 10:48am On Mar 20
nigeria politicians hiding under d umbrella of dangote

30 Likes 2 Shares

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by MANNABBQGRILLS: 10:49am On Mar 20
Under a new deal with the farmers, the factory will buy tomatoes at prices pegged to what local markets are selling.
This is a welcome development.
Good you guys agreed at last.
This will provide employment for more people across the nation.
Tomatoes business is a serious business.

27 Likes 3 Shares

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by Joromi12: 10:49am On Mar 20
Dangote never thrives when there is free market. He also will not sell fuel at 145. Forcing govt to pay hin subsidy

5 Likes 1 Share

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by MANNABBQGRILLS: 10:49am On Mar 20
cosby02:
Imagine a Nigeria without Dangote....
There will definitely be another person or group of people in his place.
No human being is indispensable.
Nigeria was existing before Dangote btw!

63 Likes 5 Shares

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by Nathdoug(m): 10:49am On Mar 20
A Nigeria without dangote will be like so disastrous

1 Like

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by lonlytroy(m): 10:49am On Mar 20
Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by FYB(m): 10:49am On Mar 20
cool
This man doesn't rest at all. No wonder he always look frail.
You rarely see him enjoy vacation

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Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by lonlytroy(m): 10:49am On Mar 20
I have warned dangote to leave tomatoes business for poor people

3 Likes

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by eben1marketer: 10:49am On Mar 20
Who God don bless...

Who Nigeria favours....

Complete the sentences above.

1 Like

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by Larryfest(m): 10:51am On Mar 20
I thought as much too, couldn't find there tomato paste in the market and the stuff was very good...

2 Likes

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by tomdon(m): 10:51am On Mar 20
All these cancer strain tomatoes

1 Like 1 Share

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by OhiOfIhima: 10:52am On Mar 20
we shall get there Insha Allah

4 Likes

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by donbachi(m): 10:53am On Mar 20
cosby02:
Imagine a Nigeria without Dangote....
there is a Donbachi

2 Likes 1 Share

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by adekhingz(m): 10:53am On Mar 20
grin
Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by johnsir(m): 10:54am On Mar 20
I hope this will reduce waste and also improve the finances of the tomatoes farmers at the same time. On a second thought, what will be the effect of this development on a basket of tomatoes in mile 12 market or onitsha market?

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Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by Conceptman: 10:55am On Mar 20
when u compare the stress farmers goes through, we will appreciate them at whatever price rate they bring to the market, I will only advice the government to support farmers with agricultural tools and machines which will reduce the stress and probably effect the market prices of farm products, if farmers can find it easy planting and harvesting prices of things will drop

5 Likes

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by TheGreenLand: 10:55am On Mar 20
Parada:
Wailers from poto land over to your father ! I remember how your fathers lamented profusely when the plant closed down previously so over you your pathetic wailing fathers one by one.
dont mind pigs.
pigs r always happy about bad news.
unfortunate animals

5 Likes 1 Share

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by adekhingz(m): 10:55am On Mar 20
cosby02:
Imagine a Nigeria without Dangote....

Nigeria will still be Nigeria..........

2 Likes

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by Megatrix: 10:58am On Mar 20
More jobs coming for Naija folks

1 Like 1 Share

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by Conceptman: 10:59am On Mar 20
south west need an investment like this. farmers go through alot of stress from planting to harvesting.

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Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by seangy4konji: 10:59am On Mar 20
Is dangote buying tomatoes from local farmets
Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by MorataFC: 10:59am On Mar 20
Oliver Twist
Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by ofuonyebi: 11:00am On Mar 20
who says this 9ja cannot work again....God is still on the throne

i so decree...Nigeria...arise and walk!...59yrs is not a joke!...enough of crawling!

4 Likes 1 Share

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by naptu2: 11:00am On Mar 20
cosby02:
Imagine a Nigeria without Dangote....

Nathdoug:
A Nigeria without dangote will be like so disastrous

Before Dangote there was a Da Rocha

Before Dangote there was an Alhassan Dantata (Dangote's great grandfather)

Before Dangote there was an Ojukwu


Before Dangote there was an Aminu Dantata

Before Dangote there was an MKO Abiola.

People also wondered what Nigeria would have been without them.


There will also be other successful entrepreneurs after Dangote and people will also wonder what Nigeria would have been without them.

14 Likes 4 Shares

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by castrol180(m): 11:01am On Mar 20
Tomato paste is a goal for Dangote

1 Like

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by iammo(m): 11:01am On Mar 20
smiley


While dull politicians only invest their stolen money on Useless Hotels,Building Empty mansions in lekki, abuja and dubai, Event centers, Filling stations stupid farms with gay cows, or luxury cars and bike.. This man is solving some of Nigerias major problems and needs while cashing out big time

5 Likes

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by frowland(m): 11:03am On Mar 20
Joromi12:
Dangote never thrives when there is free market. He also will not sell fuel at 145. Forcing govt to pay hin subsidy

You have no idea how local economics works. Where will he get the crude oil that he will refine in the first place? Anyway, I don't have time for this. Make do with your opinion.

2 Likes

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by NumbEmotions(m): 11:03am On Mar 20
Nathdoug:
A Nigeria without dangote will be like so disastrous

See this one.

5 Likes

Re: Dangote's Nigeria Tomato Plant Resumes After Years Idling by Jaytecq(m): 11:04am On Mar 20
The rich will keep getting rich

2 Likes

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