Dangote plans to lift Agric through strategic investments

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CBN

Dangote Industries Limited has reiterated its commitment towards partnering various tiers of governments in the country, in building sustainable and inclusive economy for the benefit all Nigerians.

This is just as the company announced its partnership with the Ogun State Chamber of Commerce and Industry (OGUNCCIMA) for the 10th Gateway International Trade Fair 2021, themed ‘Remodeling Agriculture, Commerce and Trade beyond Nigerian Borders with Modern Technology’ and holding in Abeokuta between April 2 and 12, 2021.

Anthony Chiejina , Group Chief Branding and Communication, in a statement stated the group has concluded plans to scale up investments in the agricultural sector, in response to the on-going public policy focus of federal government.

He hinted that as part of the Company’s support to the development of agriculture sector, the three million ton per annum Fertilizer Plant is currently constructing at Ibeju Lekki, Lagos will be commissioned soon to boost agricultural activities in the country.

The conglomerate explained that all the subsidiaries of the company would be at the trade fair, urging members of the public to take advantage of this year’s fair to strike partnership with the Group for business opportunities.

The Group, he said, has also kick-started the development of six Large Scale Rice Milling Plants in six states namely Kano, Jigawa, Zamfara, Niger, Kebbi, and Sokoto, with a combined total milling capacity of 1.5 million per annum.

Dangote’s growing investment in the agricultural sector he explained is to complement the existing and continuing investments being made in other sectors, such as; Cement, Salt and other consumer products.

“We are also significantly involved in the Oil and Gas sector, with an on-going construction of one of the World`s Largest Petroleum Refinery. This will not only put an end to the embarrassing importation of products into our crude oil rich country but will also significantly boost our intra-African trade position,” he said.

He commended federal government’s policy, as efforts to bring Nigeria back on track, adding that such policy initiatives are necessary, if the nation is to attain sustainable economic development and poverty alleviation.

 

Wasiu Olaleye, president of OGUNCIMA while briefing the newsmen on the fair had named Dangote Group as one of the leading sponsors which have announced that it would hit the fair in grand style with the array of its products at reasonable prices.

He said the Fair would serve as a catalyst for the economic growth and development of Ogun State in particular and Nigeria in general which will unleash our strong development and innovative potential.

The Fair is an international event that will attract over two hundred people from within Ogun State, Nigeria, international participants/Exhibitors from around the world. Also, top government officials, businessmen, researchers, investors, all Local Governments councils, representatives of the Organized Private Sector and indeed the general public will be in attendance, he stated.

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