Home Business Dangote, Niger sign $450 million pact in rice, sugar

Dangote, Niger sign $450 million pact in rice, sugar

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A Memorandum of Understanding between Dangote Group and Niger State government would be signed today August 15, 2017 for a $450 million investment in sugar and rice production, the Executive Director, Corporate Services of Dangote Group, Dr. Mansur Ahmed, has disclosed.

Speaking at the Niger State Investment Summit yesterday, in Minna, Ahmed, who represented the Chairman and CEO of the group, Alhaji Aliko Dangote, said the company would establish a large scale Rice Processing Mill that would off take and process over 200,000 metric tons of paddy rice from out growers within the next three years.

He said as part of the backward integration programme in sugar, the company would also establish a state-of-the art sugar industry involving the development of over 30,000 hectares of sugarcane plantation of about 500,000 metric tons of refined sugar in the state. The sugar project, he said, would be located in Lavun local government area and could generate 10,000 jobs in the state.

 

 

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