Africa's richest man Dangote plans rice mill in Nigeria to tap growing demand

Aliko Dangote, Chairman, Dangote Group

Dangote Group, controlled by Africa’s richest man Aliko Dangote, plans to launch a rice mill with a farm scheme in Nigeria to tap growing demand for paddy in Africa’s biggest economy, the company said earlier this month.

Rice demand in Nigeria hit 6.3 million metric tonnes (MT) in 2015, with 2.3 million metric tonnes produced at home, leaving the country reliant on imports, according to the agriculture ministry.

Dangote Group subsidiary Dangote Rice Ltd will launch a pilot project starting with 500 hectares of farmland by Gonroyo Dam, Nigeria’s second-largest dam, located in the northern state of Sokoto.

The multi-million-dollar project will be expanded to cover a land area of 25,000 hectares across three sites in northern Nigeria by the end of the year, the firm said.

Read more: Africa’s richest man Dangote plans rice mill in Nigeria to tap growing demand| Reuters

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