RSS   Newsletter   Contact   Advertise with us
Post Online Media
Post Online Media Magazine

Dangote in Nigeria to invest $1 billion in rice cultivation

Share on Twitter Share on LinkedIn
Staff Writer | June 1, 2017
Tunde Mabogunje
Africa   In five states of Nigeria

To aid the realisation of the nation’s self-sufficiency plan in rice production, Dangote Group has unveiled plans to invest $1 billion in rice cultivation in five states of the country.

According to the group, the fertilizer plant being developed at the Lekki Free Trade zone will boost the realization of the goal.

Speaking at the just concluded 2017 Gateway Trade fair, in Abeokuta, a Director of Dangote Group, Tunde Mabogunje who represented the Group at the special day said that the Group is at the forefront of job creation and is the largest employer of labour outside federal government having contributing its quota to the growth and development of the Nigerian economy for more three decades.

He said: “We have been contributing our quota to the growth and development of the Nigerian economy.

“Towards aiding agriculture, we are building a fertilizer plant in the Lekki Free Trade Zone, Lagos State.

“When completed, farmers will have regular access to fertilizer for their farming activities.

“The delays and disruptions experienced in waiting for imported fertilizer will cease.

“We are investing about $1 billion in rice cultivation. We have an outgrowers scheme where thousands of farmers are empowered with improved seeds and items needed to cultivate rice.

“Towards aiding agriculture, we are building a fertilizer plant in the Lekki Free Trade Zone, Lagos State.

“When completed, farmers will have regular access to fertilizer for their farming activities.

“The delays and disruptions experienced in waiting for imported fertilizer will cease.

“We are investing about $1 billion in rice cultivation in some states of the federation.

“We have an outgrowers scheme where thousands of farmers are empowered with improved seeds and items needed to cultivate rice.”


What to read next
POST Online Media Contact