The Dangote Group has disclosed that it is investing N10 billion dollars in rice cultivation in five states to boost food self-sufficiency. It made the disclosure at the just concluded 2017 Gateway Trade Fair in Abeokuta, Ogun State, where it emerged as the second most patronised exhibitor.

A director of Dangote Group, Tunde Mabogunje who represented the Group at the special day, said that the partnership with OGUNCCIMA is beneficial as Ogun State is the host of the 12 mmtpa Dangote Cement Plant, Ibese, the second largest cement plant in Nigeria.

Dangote Cement, he said, “through the plant provides thousands of direct and indirect jobs in the state. As a responsible corporate citizen, we participate fully in all events and activities designed to drive social and economic welfare of the state.”

He described the theme for this year’s Trade Fair: Promoting Agricultural Value Chain through SMEs for Nigeria Economic Recovery as being apt, given the nation is now paying attention to Agriculture, which has the potential of becoming the major driver of the economy instead of oil, pointing out that in line with the theme the Group is at the forefront of job creation and is the largest employer of labour outside government.

Mabogunje stated: “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, 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 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.”

Update news