Thursday
September 28
2017

Nigeria: Dangote Group to Invest $4.6 Billion in Agriculture

The Chief Executive Officer, Dangote Group, Aliko Dangote, has said that the company would invest $4.6 billion in nation’s agricultural sector in the next five years.

He listed sugar, rice, tomatoes and oil palm as some of the agricultural sectors where the monies would be invested.

Mr. Dangote said this at the 6th edition of the 2017 AgrikExpo and NABG Conference in Abuja on Monday while appealing to government at all levels to rehabilitate and construct feeder roads to facilitate movement of farm produce to markets.

Represented by Mansur Ahmed, the Executive Director, Stakeholder Management and Corporate Communications of Dangote Industries Limited, the industrialist said that rehabilitating rural roads would help to reduce costs of production and prices of goods.

Photo courtesy of International Maize and Wheat Improvement.

Source: AllAfrica.com (link opens in a new window)

Categories
Agriculture, Investing
Tags
agribusiness, agriculture, investing, Nigeria