L
LequteMan
Guest
The President of #Dangote Group, Alhaji #AlikoDangote, on Thursday in Abuja at the plenary of the ongoing World Economic Forum ( #WEF ) on #Africa, said the group would invest 16 billion dollars to create various businesses in Nigeria and other African countries in the next four years.
"We are investing a total of 16 billion dollars (N2.6 trillion) in the next four years to create a lot of businesses in refineries, petrochemical and to make #Nigeria self-sufficient in fertiliser.
"We are building a fertiliser plant, which is going to be 2.8 million tonnes, and part of it will be for export because it is more than what Nigeria requires,” he said.
Dangote, who said that the company was focusing on agriculture to address the problem of unemployment in the country, said that the group was partnering the Federal Ministry of Agriculture to achieve the goal.
"We decided to invest a total of two billion dollars in sugar by making Nigeria self-sufficient in sugar. We are going to six states in the North-East; we are going to Taraba and Adamawa.
``In the North-West we are going to Kebbi, Sokoto and Jigawa, and then in North Central, we are going to Kogi and Kwara.
``But when you look at all these after investing in rice and sugar, we are going to have an opportunity to create 180,000 jobs.
He noted that government had done a lot to improve investment environment in the country, adding that there was the need for Nigerians to be creative and make use of available opportunities in the economy.
He called on Africans to invest their money in the continent rather than saving it abroad.
"We are investing a total of 16 billion dollars (N2.6 trillion) in the next four years to create a lot of businesses in refineries, petrochemical and to make #Nigeria self-sufficient in fertiliser.
"We are building a fertiliser plant, which is going to be 2.8 million tonnes, and part of it will be for export because it is more than what Nigeria requires,” he said.
Dangote, who said that the company was focusing on agriculture to address the problem of unemployment in the country, said that the group was partnering the Federal Ministry of Agriculture to achieve the goal.
"We decided to invest a total of two billion dollars in sugar by making Nigeria self-sufficient in sugar. We are going to six states in the North-East; we are going to Taraba and Adamawa.
``In the North-West we are going to Kebbi, Sokoto and Jigawa, and then in North Central, we are going to Kogi and Kwara.
``But when you look at all these after investing in rice and sugar, we are going to have an opportunity to create 180,000 jobs.
He noted that government had done a lot to improve investment environment in the country, adding that there was the need for Nigerians to be creative and make use of available opportunities in the economy.
He called on Africans to invest their money in the continent rather than saving it abroad.
