Dangote Industries Limited on Friday announced a $1bn (N165bn) investment for commercial rice farming and modern integrated rice mills to be run by the firm in Nigeria.
The President and Chairman, Dangote Group, Mr. Aliko Dangote, announced his firm’s investment plan at the headquarters of the Federal Ministry of Agriculture and Rural Development in Abuja.
Dangote, who led a delegation from his firm to the ministry, later proceeded to the Presidential Villa for the signing of a Memorandum of Understanding with the Federal Government.
He told ministry officials and journalists that the move to invest in rice production was aimed at developing Nigeria’s economy through agriculture.
No comments:
Post a Comment
Please Post A Comment.
You can contact me for business, and if you have any story to share through my Email: Osahonaimufua@gmail.com.
You can also find me on Facebook: Osahon Izi Aimufua.
Follow me on Twitter: @izibels,
And get to know me personally on Instagram: @Osahonaimufua