Dangote Group to invest over N53bn in rice, sugar in Nasarawa
The Dangote Group of Companies is set to invest over N53 billion in the production of rice and sugar in Nasarawa State.
The President of the company, Alhaji Aliko Dangote, disclosed this on Thursday in Lafia during an assessment tour of the investment potential in the state. Dangote, who was represented by Mr Abdullahi Sule, the company’s Group Managing Director in charge of sugar production, said the company had set the machinery in motion to invest in Obi, Awe and Doma local government areas of the state. He said that the company would establish a rice mill and give rice and sugarcane outgrowers about 10,000 hectares and seed cane to enhance production. He added that the company had similar projects in Adamawa and Taraba states which had generated over 25,000 jobs, saying he expected same to happen in Nasarawa. He noted that the company would also explore the huge coal deposit in the state to power their factories.