Friday, January 24, 2014

Aliko Dangote to invest $300 million in rice production in Nigeria



Nigerian Minister of Agriculture, Akin Adeshina revealed this details on his twitter page..He is currently at Davos with Aliko Dangote.

The Chairman and CEO of Dangote group Aliko Dangote, is ranked by Forbes Magazine as the 43rd richest person in the world and the richest man in Africa.

At present, Dangote has enlarged his line of businesses to also cover food processing, cement manufacturing, and freight.The Dangote Group has moved from being a trading company to being the largest industrial group in Nigeria and these include: Dangote Sugar Refinery, Dangote Cement, and Dangote Flour, just to mention a few.

It also has major investments in real estate, banking, transport, textiles and oil and gas. The company employs over 11,000 people and is the largest industrial conglomerate in the whole of West Africa.

Dangote has diversified into telecommunications and has started building 14,000 kilometres of fibre optic cables to supply the whole of Nigeria. As a result, Dangote was honoured in January 2009 as the leading provider of employment in the Nigerian construction industry.

He said, "Let me tell you this and I want to really emphasize it...nothing is going to help Nigeria like Nigerians bringing back their money. If you give me $5 billion today, I will invest everything here in Nigeria. Let us put our heads together and work."

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