Dangote group is set to invest $450m to develop agriculture in Niger state within the next three years. This information was disclosed by Alhaji Mansur Ahmed while representing Alhaji Aliko Dangote, the President Dangote Group while speaking at the 2017 Niger State Investment Summit in Minna.
The funds would be used to provide a rice processing mill capable of processing up to 200,000 metric tonnes of paddy rice. Dangote group would also establish a modern sugar refining industry with state-of-the-art facilities in the state.
He said “The Dangote Group is committed to invest around $450m over the three next years to establish a large scale rice processing mill for out growers.
“Our company is also establishing a state of the art fully integrated sugar industry involving the development of over 30,000 hectares of sugar cane plantation and the production of about 500, 000 metric tonnes of refined sugar.
According to Dangote, the investment in Niger is part of a larger plan by the company to invest deeply in agriculture all over the nation, as the group also plans to make an investment of over $1bn in agricultural production and processing of selected commodities like sugar, rice and tomatoes across the country.
The decision to invest in Niger state was as a result of the large expanse of fertile and arable land present in the state.