Dangote Group Plans $4.6bn Investment In Agriculture Sector

Image result for dangote group logoYemisi Izuora
Dangote group is planning fresh investments in the agriculture sector as government continues its economic divestment with agriculture as top priority.

The Chief Executive Officer, Dangote Group, Alhaji Aliko Dangote, said in the new Investment consideration, the company would invest 4.6 billion dollars in Nigeria’s agricultural sector in the next five years.

He listed sugar, rice, tomatoes and oil palm as some of the areas of priority.

Dangote who made the disclosure at the 6th edition of the 2017 AgrikExpo and NABG Conference however urged government at all levels to rehabilitate and construct feeder roads to facilitate movement of farm produce to markets.

Represented by Alhaji Mansur Ahmed, the Executive Director, Stakeholder Management and Corporate Communications of Dangote Industries Limited, he said that rehabilitating rural roads would help to reduce costs of production and prices of goods.

He also said that improving technology in agriculture would guarantee improved inputs (seeds, fertilisers), and also help farmers improve yields.

According to him, if agriculture must succeed in the country, farmers must be young and active which means that youths must be involved.

“We need to improve human capital in every aspect of the farm value chain.

“There is need for infrastructure to be in place to enable farmers transport their produce from farm to markets,’’.

He called on state governments to initiate programmes that would promote areas of their comparative advantage in agriculture to boost food security and assist Federal Government’s agriculture efforts.

Add Comment