Aliko Dangote Invests $1billion In rice Production In Nigeria

Africa's richest man and chairman of
Dangote Group, Aliko Dangote has invested
$1billion in rice production in Nigeria.
The signing of the $1billion-dollar Rice
Investment Memorandum of Understanding
(MoU), between the Federal Government
and Dangote Group held at the State House,
Abuja yesterday August 1st
The Minister of Agriculture, Adewunmi
Adesina and Alhaji Dangote signed on behalf
of the Federal Government and Dangote
Group respectively.

Commending Dangote Group, president
Jonathan said the investment is the single
largest investment ever made in rice
production in Africa. He thanked Alhaji
Dangote for investing in agriculture and
assured him that his investment will be
worthwhile.

President Jonathan said he looked forward
to a time Nigeria will be self-sufficient in
rice production and a net-exporter of the
grain, adding that the Federal Government
will protect Nigeria’s borders and check
smuggling.
"Government cannot allow its borders
to be porous. We are working on non-
human measures and smugglers should
have a rethink now and change their
ways by investing their resources in
other meaningful areas,” he said.
In less than four years, Nigeria hopes to
become a net-exporter of rice. The Dangote
Group’s investment in rice will cover five
states and contribute additional 1.4 million
metric tonnes of Paddy rice.
Alhaji Dangote thanked the President for
the consistency of government policies,
noting that the current $25 billion-dollar
Dangote Cement Company was the result of
the consistency of government policies. He
assured President Jonathan, “We will
continue to work hard and will not
disappoint you.”

source : http://www.lindaikeji.blogspot.com/2014/08/photos-aliko-dangote-invests-1billion.html?m=1