Africa's richest man Aliko Dangote to invest $170M in rice & sugar production in Nigeria

Aliko Dangote, Chairman, Dangote Group

Aliko Dangote, Africa’s richest man, has announced that he will invest more than $170 million in the production of rice and sugarcane in Nasarawa state, north-central Nigeria.

Dangote reportedly made the announcement on Saturday through a representative, Abdullahi Sule, the Managing Director of Dangote Group’s sugar productions, when the latter visited the state on an assessment tour of the investment opportunities in the State.

Sule said that apart from developing rice and sugar plantations on the 17,000 hectares of land it owns in the state, the Dangote Group is also looking to explore Nasarawa’s massive coal deposits to power Dangote factories across the country.

Read more: Africa’s Richest Man Aliko Dangote To Invest $170 Million In Rice, Sugar Production In Nasarawa