The President of the African Development Bank (AfDB), Mr. Akinwumi Adesina, has said Africa’s richest man, Aliko Dangote, will become the largest exporter of rice in the world by 2021.
Adesina said this at the Mo Ibrahim Forum in Morocco at the weekend.

He said Africa should focus on agriculture to drive growth and employment on the continent.
Adesina, according to the News Agency of Nigeria (NAN), recalled that during his tenure as Nigeria’s Minister of Agriculture, Dangote decided to invest in local production of rice due to government’s import substitution policies.

He said Dangote initially planned a $300 million investment in production and processing of rice in Nigeria but later changed it to $1 billion three months after.
“If they continue that policy, he would probably be the single largest producer of rice in the world in about four years.

“The reason I was so excited about that is that agriculture is cool; agriculture is a business and agriculture pays,” Adesina said.
Dangote, the Chairman of Dangote Group, said he ventured into rice cultivation because of government’s interest to revive agriculture as the mainstay of the economy and reduce importation of food that could be produced locally.

He lamented that Nigeria consumes 6.5 million metric tonnes of rice which costs the nation over $2 billion annually and commended government’s policy that encourages private sector’s active participation in agriculture.

“In the next three years, we want to produce one million tonnes of quality rice, make it available and affordable to the people.
“We hope to do 150,000 hectares and when we are done, Nigeria will not have anything to do with importation of rice,” Dangote said.

According to him, Dangote Rice Outgrowers Scheme is committed to creating employment, increasing incomes of smallholders farmers and ensuring food security in the country.

He said to achieve the goal, the scheme would provide high quality seeds, fertilisers, agro-chemicals and technical assistance on the best agricultural practice to farmers.

“This scheme will help to diversify the economy, alleviate poverty and reduce the nation’s import bill.
“The scheme has been designed as a one-stop solution for the rice value chain,” Dangote stated.
The pilot phase of the Dangote Outgrowers Scheme launched in Sokoto State would create jobs for 16,000 rice farmers in the state.

https://www.thisdaylive.com/index.php/2017/04/18/afdb-president-predicts-dangote-will-become-largest-world-rice-exporter/

Maybe not

We are not folding our arms too

I will be the one in that position at the rate I am moving

God bless all our hustle

I believe this. That guy is on a business roller-coaster.





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Rice for 9ja or i dey wait

And so

sarrki:
Maybe not

We are not folding our arms too

I will be the one in that position at the rate I am moving

God bless all our hustle

Agriculture is big business in Africa and creates a large amount of revenue for Nigeria. But sadly we prioritize oil production than Agriculture. Dangote is very intuitive and he's putting his money where the money is.

hey Adeshina the man that helped in revolutionizing our agricultural sector.

Largest exporter indeed when his citizen can't even consume rice at very cheap price.....
Meanwhile
Pls I need work either factory or catering serving

It is noted.
God bless Nigeria.

AFDB or ADB?
It's a good news.The junior brother of my father's step sister's step Son will soon be a Trillionare

Dangote again... Same story about his refinery... So where has all the embezzled billions our politicians been siphoning going to?

Hoping so.

We pray o

I hope so too. Oya go and include it in Nairabet and see how many peeps tickets go cut cut upandan

Enough of this crap joor... What about his country?

He shouldn't predict for himself ooo continue to predict for other person. Remember Dangote is human and he started small.

charity begins at home.he should become the largest importer in Nigeria first

This would be great but it will affect some other company who wants to do rice farming too

yourexcellency:
charity begins at home.he should become the largest importer in Nigeria first

Importer or Exporter?

Which one?

koladebrainiac:
This would be great but it will affect some other company who wants to do rice farming too

If competition doesn't exist in a business environment then the price of commodity won't fall

And when he becomes that what will happen to Nigerians We suffer it right... Have you forgotten what he promised us on cement


A bag of cement now is 2300 if I am right.

masterpiece86:
The President of the African Development Bank (AfDB), Mr. Akinwumi Adesina, has said Africa’s richest man, Aliko Dangote, will become the largest exporter of rice in the world by 2021.
Adesina said this at the Mo Ibrahim Forum in Morocco at the weekend.

He said Africa should focus on agriculture to drive growth and employment on the continent.

“The reason I was so excited about that is that agriculture is cool; agriculture is a business and agriculture pays,” Adesina said.

You gotta love Adesina's passion for agriculture. It's almost infectious.

However we need to explore ways of making financing available to more people.

A lot of young people here really want to play in the agriculture game, maybe not up to Dangote's scale. But it seems they are not given enough attention, perhaps because they are not of Dangote's size.

If we have more successful micro/medium agro-entrepreneurs, we can reach food sufficiency faster. It will also help bridge the wide gap between the extremely rich and the poor in this land.

Cheers

Waiting for those who will shout monopoly

Moreoffaith:
And when he becomes that what will happen to Nigerians We suffer it right... Have you forgotten what he promised us on cement


A bag of cement now is 2300 if I am right.

Baba na so we country dey. Na so so promise and fail be our leaders watchword

My mentor!! Dangote i cante wait or this man's convoy to hit my dog ahhhhh ahhhh.... Gbese!!! i af blow be dat!!! Efe go envy m

My mentor!! Dangote i can wait or this man's convoy to hit my dog ahhhhh ahhhh.... Gbese!!! i af blow be dat!!! Efe go envy m

My mentor!! Dangote i cant wait or this man's convoy to hit my dog ahhhhh ahhhh.... Gbese!!! i af blow be dat!!! Efe go envy m

philEscobar:
My mentor!! Dangote i cant wait or this man's convoy to hit my dog ahhhhh ahhhh.... Gbese!!! i af blow be dat!!! Efe go envy m

Kwontinu waiting...

Lemme go and find where I kept my whistle sef