The Dangote Group has disclosed plans to invest $1bn in rice cultivation in five states to boost food self-sufficiency in the country.
At the just concluded 2017 Gateway Trade Fair, held in Abeokuta, Ogun State, a director of the Dangote Group, Mr. Tunde Mabogunje revealed, “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, the group reveled that farmers will have regular access to fertilize for their farming activities. The delays and disruptions experienced in waiting for imported fertilizer will cease.
About $1bn in being invested in rice cultivation, an out-growers scheme where thousands of farmers are empowered with improved seeds and items needed to cultivate rice.”
Mabogunje said the partnership with the Ogun Council of Chambers of Commerce, Industry, Mines and Agriculture, organisers of the fair, was beneficial as Ogun State was the host of the 12 million metric tonnes per annum Dangote Cement Plant, Ibese, the second largest cement plant in Nigeria.
To mark its day at the fair, a subsidiary of the group, Dangote Cement, gave out several tools and implements to block moulders in Ogun State in appreciation of their patronage, inluding barrows, shovels, umbrellas and hand gloves.
Did you find this article informative? Kindly like, comment and share!