Dangote Group to invest $4.6bn in agric,$800m in dairy

13.09.2017

Dangote Group of Companies yesterday said it would invest $4.6 billion in agriculture and $800 million in the beef and dairy industry in the next five years. The Chairman of the group, Alhaji Aliko Dangote, said this at a threeday National Conference on Transformation of Nigerian Livestock Industry in Abuja.

Represented by Alhaji Mansur Ahmed, the Executive Director, Stakeholder Management and Corporate Communications of Dangote Industries Limited, Dangote said that the $4.6-billion investment in agriculture would be used to explore and develop sugar, rice and tomato paste production.

According to him, the $800 million would be used to fund and develop beef and dairy projects of the company.

Dangote called on the private sector to invest in livestock sector to reposition the industry.

He said “Nigeria spends over $20 billion to import food. “Dangote Group plans to go invest $4.6 billion in agriculture and $800 million in beef and dairy in the next five years.”

Dangote Group is a Nigerian multi-national industrial conglomerate, founded by Aliko Dangote. It is the largest conglomerate in West Africa and one of the largest on the continent. The group is one of the leading diversified business conglomerates in Africa and employs more than 26,000 people.


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