Aliko Dangote has invested $1billion in rice
production in Nigeria.
The signing of the $1billion-dollar Rice Investment
Memorandum of Understanding (MoU), between the
Federal Government and Dangote Group held at the
State House, Abuja yesterday August 1st
The Minister of Agriculture, Adewunmi Adesina and
Alhaji Dangote signed on behalf of the Federal
Government and Dangote Group respectively.
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Commending Dangote Group, president Jonathan
said the investment is the single largest investment
ever made in rice production in Africa. He thanked
Alhaji Dangote for investing in agriculture and
assured him that his investment will be worthwhile.
President Jonathan said he looked forward to a time
Nigeria will be self-sufficient in rice production and a
net-exporter of the grain, adding that the Federal
Government will protect Nigeria's borders and check
smuggling.
"Government cannot allow its borders to be porous.
We are working on non-human measures and
smugglers should have a rethink now and change
their ways by investing their resources in other
meaningful areas," he said.
In less than four years, Nigeria hopes to become a
net-exporter of rice. The Dangote Group's investment
in rice will cover five states and contribute additional
1.4 million metric tonnes of Paddy rice.
Alhaji Dangote thanked the President for the
consistency of government policies, noting that the
current $25 billion-dollar Dangote Cement Company
was the result of the consistency of government
policies. He assured President Jonathan, "We will
continue to work hard and will not disappoint you."
Dangote and Agric Minister Dr. Akinwumi Adesina at
the signing at the State House, Abuja yesterday
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