Dangote To Invest $1billion Into 5 States To Boost Rice Farming

In its effort to boost food self sufficiency, Dangote group has revealed plans to invest $1billion into 5 states in the country to promote rice farming.


A director of the group, Tunde Mabogunje, said this at the just concluded 2017 Gateway Trade Fair held in Abeokuta, Ogun state.

“We are investing about $1 billion in rice cultivation. We have an outgrowers scheme where thousands of farmers are empowered with improved seeds and items needed to cultivate rice”, Mabogunje who spoke on behalf of the Group at the fair said.

He said, “Towards aiding agriculture, we are building a fertilizer plant in the Lekki Free Trade Zone, Lagos State. When completed, farmers will have regular access to fertilizer for their farming activities. The delays and disruptions experienced in waiting for imported fertilizer will cease.

“We are investing in rice cultivation in some states of the federation. We have an outgrowers scheme where thousands of farmers are empowered with improved seeds and items needed to cultivate rice”.

Source: Leadership