Dangote Group is set to invest 1 billion dollars in rice cultivation across five Nigerian states to increase food production in the country.
The company made this disclosure in a press release, after it was named the second most patronised exhibitor at recently held 2017 Gateway Trade Fair held in Abeokuta, Ogun State.
Representing the company, Tunde Mabogunje, director of Dangote Group, said this year’s trade fair tagged, “Promoting Agricultural Value Chain through SMEs for Nigeria Economic Recovery”, was apt, especially at this period that Nigeria’s agriculture sector is getting the needed attention.
“We have been contributing our quota to the growth and development of the Nigerian economy. Towards aiding agriculture, we are building a fertiliser plant in the Lekki free trade zone, in Lagos. When completed, farmers will have regular access to fertilisers for their farming activities. The delays and disruptions experienced in waiting for imported fertiliser will cease,’’ Mabogunje said.
“We are investing about $1 billion in rice cultivation. We have an out growers’ scheme where thousands of farmers are empowered with improved seeds and items needed to cultivate rice,” he said.