Published On: Wed, Apr 19th, 2017

Dangote aims to end Nigeria reliance on rice imports

Share This
Tags

Dangote finLAGOS, (CAJ News) – ALIKO Dangote, Africa’s richest man, has expressed worry his homeland, Nigeria, is losing significant amounts of scarce money to supplement rice production despite the country’s capacity to fulfil local demand.
The West African country consumes 6,5 million tonnes and imports over 2 million to meet demand.
This costs Nigeria US$2 billion annually.
Dangote lamented such spend with the country going through economic challenges.
He thus disclosed he had expanded his vast business empire to include rice cultivation because of the resolve by the government to revive agriculture as the mainstay of the economy.
This entails reducing importation of foods that could be produced locally.
Dangote said in the next three years, his company aimed to produce 1 million tonnes of quality rice and make it available and affordable to the people.
Dangote Rice Limited hopes to have 150 000 hectares under cultivation.
“When we are done, Nigeria will not have anything to do with importation of rice,” said Dangote.
Dangote Rice outgrowers scheme is key to the aims.
It is committed to creating significant number of jobs, increasing the incomes of smallholder farmers and ensuring food security in the country by providing high quality seeds, fertilizers and agro-chemicals as well as technical assistance on best agricultural practice to farmers.
“This scheme will help to diversify the economy, alleviate poverty and reduce the nation’s import bill. The scheme has been designed as a one stop solution for the rice value chain,” Dangote stated.
CAJ News

Featured Video