The Executive Director, Corporate Communications of Dangote Group, Mansur Ahmed at a media forum in Kano said the Group has expanded its investments into agriculture and mining.
According to him, the aim was to beat the economic recession in the country.
Speaking further, Mr. Ahmed said “The group reviewed it’s business plan to develop its investment directive and commits a greater investment in agriculture and mining to diversify economy.”
The reason is to diversify into areas that are fundamental to consumers and other stakeholders.
Ahmed pointed out that the company had already started acquiring land for the purpose of expanding its sugar refinery to other states.
“We are actually working towards providing enough sugar and wishing to eliminate the importation of sugar by the next five years.”
The spokesman announced that the company has already begun the production of rice and milk in Jigawa, although it wasn’t done directly by the company yet.
He, however, stressed that the company had worked with about 800 farmers in Hadejia in Jigawa and planned to increase the number to about 2,000 farmers to begin commercial farming.
Report from News Agency of Nigeria (NAN) revealed that other areas that the company is venturing into are in the oil and gas sector.
The group would also venture into fertiliser production, petrochemicals and provision of gas pipeline and alternative energy supply.
Posted by Juliet Ekwebelam
