Topic: Dangote Invests $600 Million Into Creating 1 Million Jobs  (Read 2328 times)

0 Members and 1 Guest are viewing this topic.

The President, Dangote Group of Company, Aliko Dangote, has stated that the sugar arm of his company will invest over $600million in the production of sugar in Kebbi, Kwara and Sokoto states.

Dangote made this known during a visit to the Governor of Kwara state, Dr Abdulfatah Ahmed, where he expressed satisfaction with the government’s effort at revolutionising agricultural in the state.

According to him, his company intends to replicate what it did in the cement industry by targeting about 65million tonnes of sugar which he said could produce about one million jobs for the people.

He also pointed to the fact that the country was wasting lots of money on the importation of sugar, stating that in the next five years, the company would produce and grow two million tonnes of sugar as part of efforts to ensure that Nigeria is self-sufficient in consumables instead of depending on importation.

He however, stated that the project should take off before the end of the year.

 

Related Topics

  Subject / Started by Replies Last post
0 Replies
2883 Views
Last post January 20, 2013, 02:11:35 PM
by flukky01
0 Replies
1741 Views
Last post February 08, 2013, 01:20:08 PM
by olaniyi
0 Replies
7152 Views
Last post March 25, 2013, 08:54:18 AM
by abayomi
0 Replies
1072 Views
Last post July 23, 2017, 07:03:11 AM
by sahara
0 Replies
953 Views
Last post December 19, 2018, 07:09:39 PM
by sahara
0 Replies
926 Views
Last post June 18, 2019, 01:03:38 AM
by PulseNG
0 Replies
2263 Views
Last post November 29, 2019, 07:01:32 PM
by clowntom
0 Replies
698 Views
Last post April 14, 2020, 07:05:33 AM
by flukky-1
0 Replies
294 Views
Last post October 22, 2021, 07:01:20 PM
by flukky-2
0 Replies
255 Views
Last post January 31, 2023, 01:16:34 PM
by PulseNG