Tuesday, 24 February 2015

Nigeria Will Soon Be Self-Sufficient In Food Production — Dangote

Dangote Group has expressed optimism that with its ongoing agricultural projects across the country, Nigeria is on its way of being self-sufficient in the areas of food production.

In a release by the group, it reiterated its determination to support the Federal Government in its effort to revolutionise the agricultural sector and make Nigeria self-dependent in the areas of food production.

The Group which is reputed to be the single largest private sector employer of labour in Nigeria is currently investing in fertilizer, rice, tomato paste and sugar production, among others, adding that, it is also building a 650,000bpd petroleum refinery which will be the single largest in the world.

“Only last year the Group signed a Memorandum of Association (MoU) with the Federal Ministry of Agriculture and Rural Development to invest $1billion for the establishment of fully integrated rice production and processing operations across the country.

The statement said the MoU and the planned investment are a response to government reforms of the Agricultural Transforming Agenda (ATA) launched in 2011. Dangote Group is also investing in tomato paste production in Kano, as well as a $2billion fertilizer projects in Edo State” the group disclosed.

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