Dangote makes Africa’s largest single investment in rice production Africa’s richest man and king capitalist, Alhaji Aliko Dangote has pledged to invest $1 billion (N165 billion) in Nigeria’s commercial rice farming; making it the largest single investment ever made in rice production on the continent.The investment will see the establishment of two modern integrated rice mills. They will both have the capacity to mill 120,000 Metric Tons of rice daily.
Dangote has already bought a total of 150,000 hectares in Edo, Jigawa, Kebbi, Kwara, and Niger states – all within Nigeria – for commercial production of rice to support the country’s Agricultural Transformation Agenda (ATA) launched in 2011. Through the transformation agenda, Nigeria hopes to attain food sufficiency and become a net exporter of rice within the next four years. SEE MORE ON PAGE2