Africa's richest man Aliko Dangote to invest $700M to create West Africa's largest sugar plantation

Aliko Dangote (L) poses for a selfie picture with Director General of BPI Nicolas Dufourcq

Africa’s richest man, Aliko Dangote plans to invest $500 million in establishing a sugar processing facility in Nasarawa State, Nigeria.

According to a report by Channels Television, Dangote disclosed this on Friday during a courtesy call to the state governor Tanko Al-Makura in Lafia, the state capital.

Dangote said that the sugar plantation which will be located in Tunga in Awe Local Government area will be the largest sugar plantation in West Africa and would create 30,000 direct and indirect jobs. Dangote also said the plantation would create enabling environment for other industries to spring up in the state. “This will create multiplicity of jobs and increase the Internally Generated Revenue (IGR) of the state,” Dangote said.

Read more: Africa’s Richest Man Aliko Dangote To Invest $700 Million In Sugar Processing