Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,801,154 members, 6,695,401 topics. Date: Friday, 28 January 2022 at 01:40 AM

Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable (23720 Views)

Otedola Escorts Dangote To Renew Driver’s License In Lagos. / The Time It Would Take Dangote To Pay Off His ₦792m Bugatti Veyron / Fatima Dangote To Wed Jamil Abubakar (Photo) (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by mmb(m): 10:09am On Jul 07, 2019
Aliko Dangote, president of Dangote Group, will own 50,000 cows by 2019, and produce 500 million litres of milk per year.

The group, principally owned by Africa’s richest man, plans to invest $3.8 billion in sugar and rice and $800 million in dairy production in the next three years.

According to World Health Organisation (WHO) estimates, Nigeria needs about 1.5 billion litres of milk annually.

US department of agriculture also puts Nigeria’s “insufficient” milk import at $225 million per year, stating that the country’s dairy market has a potential in excess of $3 billion.

With Dangote’s drive, the group will produce a third of the country’s ideal demand and nearly all of its current import.

According to Bloomberg, the company seeks to expand and deal with a shortage of dollars needed to import raw materials.

The conglomerate plans to increase its production of sugar to 1.5 million metric tonnes a year by 2020 from 100,000 tons now and is seeking to add 1 million tonnes of rice.

In an interview on Tuesday, Edwin Devakumar, executive director at Dangote, said lack of foreign exchange means companies need to invest in local agriculture to help meet demand for food from Nigeria’s population of more than 180 million.

“All raw sugar has to be imported today, same thing for flour milling,” Bloomberg quoted Devakumar to have said.

Dangote, whose cement unit is Nigeria’s biggest listed company, has been investing in agriculture as the country’s government seeks to diversify away from oil, which accounts for 90 percent of the nation’s export earnings and the bulk of revenue.

The economy, which plunged into its first recession in a quarter-century last year amid falling crude prices, is forecast by the World Bank to expand by 1.2 percent this year.

Dangote plans to cultivate 350,000 hectares (864,850 acres) of land for sugar cane and add 200,000 hectares for rice, according to Devakumar.

The company has ordered five plants for sugar milling and 10 for rice from Switzerland to be located in the north of the country, he said.

https://www.thecable.ng/dangote-50000-cows-produce-500m-litres-milk-2019/amp

10 Likes 2 Shares

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by simonlee(m): 11:15am On Jul 07, 2019
Dangote wants to snatch cow business from Fulani herders? grin

Southerners, sit back and watch... you'll finally know the difference between Hausa and Fulani and stop calling all of us northerners!

134 Likes 3 Shares

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by Nobody: 4:09pm On Jul 07, 2019
Good one

1 Like

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by ready4glory: 4:10pm On Jul 07, 2019
Ok
Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by freemanbubble: 4:10pm On Jul 07, 2019
Whether dangote herdsmen or fulani herdsmen
Try to move your asss freely in Edo state and get it kicked

That is a promise not a threat

27 Likes 2 Shares

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by TechCapon(m): 4:10pm On Jul 07, 2019
Being a successful and civilized northerner it will be better for him to enter the cattle business and reduce the influence of the murderous fulani herdsmen. Anything to dislodge those illiterate herdsmen is a welcome development

53 Likes 2 Shares

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by kerzhim(m): 4:10pm On Jul 07, 2019
This opportunity was introduced to Nigerians for free, and we ignorantly rejected it. Now that it has been taken by a business thinker, all we need to do is wait and see how flourish it will be.

Rich will always get richer......

47 Likes 3 Shares

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by Authoreety: 4:10pm On Jul 07, 2019
Hmmm, one day Dangote will buy Nigeria!

5 Likes

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by Megabig: 4:11pm On Jul 07, 2019
Dangote still de find money!!!

13 Likes 1 Share

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by Nobody: 4:11pm On Jul 07, 2019
This is the start of Islamization in Nigeria.

2 Likes 1 Share

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by Heromaniaa: 4:11pm On Jul 07, 2019
Dangote, Dangote
Dangote still dey find money o
I no dey, I no dey
I no dey sleep on the money o
Who I be?
Who I be?
Wey make I no go find money o
I no dey send anybody o
Me I dey hustle gan gan
Choko
Make you hustle, ma lo go
I no be olodo, I no be bolo
Uhh Omo to ba lo foco
I go show you my color
Shey wan ro kpe mi l'opolo
Emi gan gan mo yan wan bolo
The matter plenty
Enu mi ole soto
Oh no no o
Make una listen well well

24 Likes 1 Share

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by Fuckthamods: 4:11pm On Jul 07, 2019
If e no be breast milk e no be milk.. Where my big boobies nairaland girls at?

1 Like 2 Shares

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by Avedonn: 4:13pm On Jul 07, 2019
This Dangote guy has been exploring different sector of the economy.
He always know were the money is.
Agriculture is and will always be the feature of Africa not some black gold that turns many African nations in to mono economy.

Aside manufacturing, Agriculture form the largest GDP of European and American even Asian Economy. But in Africa, we have no manufacturing capabilities the only thing we focus on is crude oil neglecting Agriculture. in spite the fact that we have fertile soil that can support all kind of crop and livestock production.

22 Likes 2 Shares

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by netpro(m): 4:13pm On Jul 07, 2019
FG efforts to organise Ranching and private sector participation in livestock farming will surely succeed.

This is one sector of the economy that has sustained 100% on indigenous production. With over 180 million Nigerians eating meat daily. No scarcity for once.

6 Likes 2 Shares

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by juvewalex(m): 4:15pm On Jul 07, 2019
Omo money dey this cow rearing business but Fulani don bastardise am which makes the Southerners took their attentions away from it all this while . Anything wey dey cause troubles for Naija ,just know say plenty money dey that thing. We will venture into it now and will make some Fulani herdsmen jobless...

11 Likes 2 Shares

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by Nobody: 4:15pm On Jul 07, 2019
undecidedYou are either going on a mission, running with a vision or burning with a passion, if not, life is reduced to a burden - Oyedepo.......Dangote is a man on a mission.....

4 Likes

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by brightisodje(m): 4:15pm On Jul 07, 2019
And i don't even have just 100 Naira no serious girlfriend because no money for responsibilities even masturbation can't kill conjin God please bless my hustle embarassed

2 Likes

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by patorial(m): 4:16pm On Jul 07, 2019
As long as his cattle won't raid my farm, I don't have a problem with it

2 Likes

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by Eberejesus111(m): 4:19pm On Jul 07, 2019
That's very good, Nigeria fail to know that this is a very good spot for making good profits. You can sell the cow milk to confectionary stores that would need it, or even big departmental stores before you know you've become a millionaire.

And to me it doesn't take much, all you need is to have a large field or space, as I assume most of us have lands in our villages and all you have to do is buy four or three cows, immunize them and to the necessary stuff, then you've started production. You can even educate some Fulani people to tender the cows for you, while you pay them salary. In that way, we would be developing ourselves. God bless you.

9 Likes 1 Share

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by blessedweapon(m): 4:19pm On Jul 07, 2019
mmb:
Aliko Dangote, president of Dangote Group, will own 50,000 cows by 2019, and produce 500 million litres of milk per year.

The group, principally owned by Africa’s richest man, plans to invest $3.8 billion in sugar and rice and $800 million in dairy production in the next three years.

According to World Health Organisation (WHO) estimates, Nigeria needs about 1.5 billion litres of milk annually.

US department of agriculture also puts Nigeria’s “insufficient” milk import at $225 million per year, stating that the country’s dairy market has a potential in excess of $3 billion.

With Dangote’s drive, the group will produce a third of the country’s ideal demand and nearly all of its current import.

According to Bloomberg, the company seeks to expand and deal with a shortage of dollars needed to import raw materials.

The conglomerate plans to increase its production of sugar to 1.5 million metric tonnes a year by 2020 from 100,000 tons now and is seeking to add 1 million tonnes of rice.

In an interview on Tuesday, Edwin Devakumar, executive director at Dangote, said lack of foreign exchange means companies need to invest in local agriculture to help meet demand for food from Nigeria’s population of more than 180 million.

“All raw sugar has to be imported today, same thing for flour milling,” Bloomberg quoted Devakumar to have said.

Dangote, whose cement unit is Nigeria’s biggest listed company, has been investing in agriculture as the country’s government seeks to diversify away from oil, which accounts for 90 percent of the nation’s export earnings and the bulk of revenue.

The economy, which plunged into its first recession in a quarter-century last year amid falling crude prices, is forecast by the World Bank to expand by 1.2 percent this year.

Dangote plans to cultivate 350,000 hectares (864,850 acres) of land for sugar cane and add 200,000 hectares for rice, according to Devakumar.

The company has ordered five plants for sugar milling and 10 for rice from Switzerland to be located in the north of the country, he said.

https://www.thecable.ng/dangote-50000-cows-produce-500m-litres-milk-2019/amp



For him pocket
Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by Amuocha: 4:19pm On Jul 07, 2019
Peak and others going...

Causes of Boko Haram troubles getting more clear

1 Like

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by patorial(m): 4:19pm On Jul 07, 2019
[quote author=brightisodje post=80032938]And i don't even have just 100 Naira no serious girlfriend because no money for responsibilities even masturbation can't kill conjin God please bless my hustle embarassed[/quote undecided undecided undecided undecided
Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by Toscarel: 4:20pm On Jul 07, 2019
Now we would witness how educated people and advanced countries handle cattle, not some old land grabbing grandpa imposing his herders on people farms

Good development so long as they do not roam around like those miscreants are vying for

13 Likes 1 Share

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by Nobody: 4:21pm On Jul 07, 2019
juvewalex:
Omo money dey this cow rearing business but Fulani don bastardise am which makes the Southerners took their attentions away from it all this while . Anything wey dey cause troubles for Naija ,just know say plenty money dey that thing. We will venture into it now and will make some Fulani herdsmen jobless...
where i served for east fulani na just worker dem be. Na indigenes get d cows. If cow born dem go give fulani like 1 as reward for hin work

3 Likes

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by 69MissedCalls(m): 4:21pm On Jul 07, 2019
Na the real herdsman be this. 50,000 cows shocked . Buhari now has competition grin

4 Likes 1 Share

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by Alexrayz(m): 4:21pm On Jul 07, 2019
freemanbubble:
Whether dangote herdsmen or fulani herdsmen
Try to move your asss freely in Edo state and get it kicked

That is a promise not a threat




Lol by who lol you I laugh
Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by mmadu5(m): 4:23pm On Jul 07, 2019
Heromaniaa:

Dangote, Dangote
Dangote still dey find money o
I no dey, I no dey
I no dey sleep on the money o
Who I be?
Who I be?
Wey make I no go find money o
I no dey send anybody o
Me I dey hustle gan gan
Choko
Make you hustle, ma lo go
I no be olodo, I no be bolo
Uhh Omo to ba lo foco
I go show you my color
Shey wan ro kpe mi l'opolo
Emi gan gan mo yan wan bolo
The matter plenty
Enu mi ole soto
Oh no no o
Make una listen well well


your a gay like dis

1 Like

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by ernieboy(m): 4:23pm On Jul 07, 2019
simonlee:
Dangote wants to snatch cow business from Fulani herders? grin

Southerners, sit back and watch... you'll finally know the difference between Hausa and Fulani and stop calling all of us northerners!
is dangote not Fulani?

1 Like

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by labani06(m): 4:25pm On Jul 07, 2019
Philpham:
This is the start of Islamization in Nigeria.
some one is trying to fix his life he is struggling hard in order to gain something bountiful and you are here typing islamisation of Nigeria hmm don't stand up and hustle hard for ur tomorrow continue hearing and using all the bull shit u hear from people that hate the peace of this country. u will bear the consequences later

9 Likes 2 Shares

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by Propsvilla(m): 4:25pm On Jul 07, 2019
Although this guy enjoyed some level of monopolistic government policies but I think he has done what Government cannot do.

6 Likes 2 Shares

Re: Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019- The Cable by Staro: 4:33pm On Jul 07, 2019
Aw

(1) (2) (3) (4) (Reply)

How To Startup An Oil-servicing Company In Nigeria / Indimi sisters: Rahmayi wishes Hauwa well as she sets to wed their sister's 'ex' / Naira Depreciates Further As Dealers Await New FX Regime

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 136
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.