Aliko Dangote invests $1billion in rice production

Africa's richest man and c hairman of Dangote Group, Aliko Dangote has invested $1billion in rice production in Nigeria. T he signing of the $1billion-dollar Rice Investment Memorandum of Understanding (MoU), between the Federal Government and Dangote Group held at the State House, Abuja yesterday August 1st The Minister of Agriculture, Adewunmi Adesina and Alhaji Dangote signed on behalf of the Federal Government and Dangote Group respectively. Commending Dangote Group, president Jonathan said the investment is the single largest investment ever made in rice production in Africa. He thanked Alhaji Dangote for investing in agriculture and assured him that his investment will be worthwhile. President Jonathan said he looked forward to a time Nigeria will be self-sufficient in rice production and a net-exporter of the grain, adding that the Federal Government will protect Nigeria’s borders and check smuggling. "Government cannot allow its borders to be porous. ...