Abuja - The President of Dangote Group, Aliko Dangote, said the group would
invest $16 billion to create various businesses in Nigeria and other African
countries in the next four years.
Dangote made this known in Abuja at the plenary of the ongoing World
Economic Forum (WEF) on Africa.
Dangote said that the investment programme would translate into creation of
no fewer than 180 000 jobs in Nigeria and the continent.
“We are investing a total of $16 billion (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.
"The most important aspect of our business today is the agricultural side
of which we are not doing before.
"We have got a letter that 60 000 hectares of land is available in Niger
State, 60 000 and in Edo we have 64 000 hectares,” he said.
He stated that the only way to stop the terrorism challenge, especially Boko
Haram, in the country, was to create jobs, adding that Dangote group had put
measures to support the government in that regard.
“We decided to invest a total of $2 billion 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.
Dangote cautioned against looking at the negative side of the economy,
saying there were opportunities waiting to be exploited.
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.
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