Dangote To Invest Over N53bln In Rice, Sugar In Nasarawa
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.
Dangote explained that in view of the high cost of gas to power the factories,
the company decided to look inward by exploring coal as cheaper energy source.
“The three Dangote cement plants in the country have the capacity to produce
over 25 million tonnes of cement, so you can imagine the amount of coal the
plants will require,” he said.
He added that the company would set up a team to work out the details of the
coal exploration in Nasarawa in commercial quantity.
Gov. Tanko Al-Makura, who took the team on an assessment tour of the investment
opportunities, expressed delight over the decision of the company to invest in
Al-Makura said the investment would go a long way to generate employment and
create wealth for the people of the state.
He said there were more than 70 different solid mineral deposits across the
state waiting to be explored and called on investors to take advantage.
Al-Makura said Nasarawa had over 30 million tonnes of high quality coal in
commercial quantity and lauded the decision of the Dangote group to tap into it.
He assured the company and other investors of conducive business environment.