SAN FRANCISCO, August 01, (THEWILL) – President Goodluck Jonathan Friday commended the Chairman, Dangote Group, Alhaji Aliko Dangote, for investing $1billion in rice production in the country.
The President made the commendation during the signing of the $1 billion Rice Investment Memorandum of Understanding (MoU), between the Federal Government and Dangote Group at the State House, Abuja.
While the Minister of Agriculture, Dr. Adewunmi Adesina, signed the agreement on behalf of the Federal Government, Alhaji Dangote signed on behalf of Dangote Group.
At the ceremony, President Jonathan, according to a statement signed by his Special Adviser on Media and Publicity, Dr. Reuben Abati, said the Dangote Group’s investment is the single largest investment ever made in rice production in Africa.
He expressed gratitude to Dangote for investing in agriculture and assured him that his investment will be worthwhile.
President Jonathan said he looked forward to a time Nigeria will be self-sufficient in rice production and become a net-exporter of the grain, adding that the Federal Government will protect Nigeria’s borders and check smuggling.
“Government cannot allow its borders to be porous. We are working on non-human measures and smugglers should have a rethink now and change their ways by investing their resources in other meaningful areas,” he said.
In less than four years, Nigeria hopes to become a net-exporter of rice. The Dangote Group’s investment in rice will cover five states and contribute additional 1.4 million metric tonnes of Paddy rice.
Dangote thanked the President for the consistency of government policies, noting that the current $25 billion Dangote Cement Company was the result of the consistency of government policies.
“We will continue to work hard. and will not disappoint you,” he assured President Jonathan.
