$450m investment: Dangote’s pact signing with Niger shifted

$$450m investment: Dangote’s pact signing with Niger shifted

A Memorandum of Understanding between Dangote Group and Niger State government earlier slated for yesterday has been shifted to next week, Daily Trust learnt.

This is to enable the President of the Dangote Group, Alhaji Aliko Dangote, to be personally present at the event as well as broaden the scope of the investment, a source familiar with the details said.

The Executive Director, Corporate Services of Dangote Group, Dr. Mansur Ahmed, had while speaking at the Niger State Investment Summit in Minna on Monday mentioned Tuesday as the day of the signing of the agreement.

Dangote is establishing a large scale Rice Processing Mill that would off take and process over 200,000 metric tons of paddy rice from out growers within the next three years.

The company would also establish a state-of-the art sugar industry involving the development of over 30,000 hectares of sugarcane plantation of about 500,000 metric tons of refined sugar in the state.

The sugar project, he said, would be located in Lavun local government area and could generate 10,000 jobs in the state.

Dailey trust

Post Author: Hassan Usman

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