Dangote Group has disclosed plans to invest $1billion in rice cultivation in five states to boost food self-sufficiency in the country.

The group made this statement recently through the director of Dangote Group, Mr. Tunde Mabogunje:

“We have been contributing our quota to the growth and development of the Nigerian economy. Towards aiding agriculture, we are building a fertilizer plant in the Lekki Free Trade Zone, Lagos State.”

“When completed, farmers will have regular access to fertilizer for their farming activities. The delays and disruptions experienced in waiting for imported fertilizer will cease. We are investing about $1bn in rice cultivation. We have an out-growers scheme where thousands of farmers are empowered with improved seeds and items needed to cultivate rice.”

“We are at the forefront of job creation and the largest employer of labour outside the Federal Government, and had been contributing our quota to the growth and development of the Nigerian economy for more than three decades.”