Africa’s Richest Man Aliko Dangote Invests $1 Billion In Rice Production In …

Africa’s wealthiest male Aliko Dangote has announced skeleton to deposit $1 billion in blurb rice tillage and complicated integrated rice mills in Nigeria.

Dangote reportedly done a proclamation on Friday during a revisit to Nigeria’s Minister of Agriculture, Akinwumi Adesina, during a Federal Ministry of Agriculture domicile in Abuja, before streamer to a Presidential Villa to pointer a Memorandum of Understanding with a Nigerian Government.

The billionaire told officials of a Ministry of Agriculture that his new investment was in support of a Nigerian Government’s devise to achieve food sufficiency and turn a net-exporter of rice within a subsequent 4 years.

“With rice as a vital staple, we have placed sum sufficiency in rice prolongation as a vital priority for a nation and pivotal value sequence for a economy,” Dangote said.

Aliko Dangote Aliko Dangote

Aliko Dangote

Dangote Group has acquired approximately 150,000 hectares of farmland in 5 Nigerian states- Edo, Jigawa, Kebbi, Kwara and Niger, that will be used for a blurb prolongation of rice paddy. The association will also set-up dual rice mills with an commissioned ability of 240,000 metric tons of rice per day.

“With this commissioned capacity, a plan will turn a largest integrated rice indent in Africa,” Dangote said.

Once Dangote’s rice plant starts production, it is approaching that a cost of locally constructed rice will be significantly reduced. The new try is approaching to emanate during slightest 8,000 new jobs.

President Goodluck Jonathan commended Dangote for his latest investment in economy, saying that it was simply a singular largest investment ever done in rice prolongation in Africa. The Minister for Agriculture, Akinwumi Adesina described Dangote’s new investment as “transformational for Nigeria and a rest of Africa”.

Dangote is a richest male in Africa with a happening estimated during $25.1 billion, subsequent from land in cement, flour, sugarine and agriculture.

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