Aliko Dangote, president of Dangote Group, will own 50,000 cows by 2019, and produce 500 million litres of milk per year.

The group, principally owned by Africa’s richest man, plans to invest $3.8 billion in sugar and rice and $800 million in dairy production in the next three years.

According to World Health Organisation (WHO) estimates, Nigeria needs about 1.5 billion litres of milk annually.

US department of agriculture also puts Nigeria’s “insufficient” milk import at $225 million per year, stating that the country’s dairy market has a potential in excess of $3 billion.

With Dangote’s drive, the group will produce a third of the country’s ideal demand and nearly all of its current import.

According to Bloomberg, the company seeks to expand and deal with a shortage of dollars needed to import raw materials.

The conglomerate plans to increase its production of sugar to 1.5 million metric tonnes a year by 2020 from 100,000 tons now and is seeking to add 1 million tonnes of rice.

In an interview on Tuesday, Edwin Devakumar, executive director at Dangote, said lack of foreign exchange means companies need to invest in local agriculture to help meet demand for food from Nigeria’s population of more than 180 million.

“All raw sugar has to be imported today, same thing for flour milling,” Bloomberg quoted Devakumar to have said.

Dangote, whose cement unit is Nigeria’s biggest listed company, has been investing in agriculture as the country’s government seeks to diversify away from oil, which accounts for 90 percent of the nation’s export earnings and the bulk of revenue.

The economy, which plunged into its first recession in a quarter-century last year amid falling crude prices, is forecast by the World Bank to expand by 1.2 percent this year.

Dangote plans to cultivate 350,000 hectares (864,850 acres) of land for sugar cane and add 200,000 hectares for rice, according to Devakumar.

The company has ordered five plants for sugar milling and 10 for rice from Switzerland to be located in the north of the country, he said.

https://www.thecable.ng/dangote-50000-cows-produce-500m-litres-milk-2019/amp

Dangote wants to snatch cow business from Fulani herders?

Southerners, sit back and watch... you'll finally know the difference between Hausa and Fulani and stop calling all of us northerners!

Good one

Ok

Whether dangote herdsmen or fulani herdsmen
Try to move your asss freely in Edo state and get it kicked

That is a promise not a threat

Being a successful and civilized northerner it will be better for him to enter the cattle business and reduce the influence of the murderous fulani herdsmen. Anything to dislodge those illiterate herdsmen is a welcome development

This opportunity was introduced to Nigerians for free, and we ignorantly rejected it. Now that it has been taken by a business thinker, all we need to do is wait and see how flourish it will be.

Rich will always get richer......

Hmmm, one day Dangote will buy Nigeria!

Dangote still de find money!!!

This is the start of Islamization in Nigeria.

Dangote, Dangote
Dangote still dey find money o
I no dey, I no dey
I no dey sleep on the money o
Who I be?
Who I be?
Wey make I no go find money o
I no dey send anybody o
Me I dey hustle gan gan
Choko
Make you hustle, ma lo go
I no be olodo, I no be bolo
Uhh Omo to ba lo foco
I go show you my color
Shey wan ro kpe mi l'opolo
Emi gan gan mo yan wan bolo
The matter plenty
Enu mi ole soto
Oh no no o
Make una listen well well

If e no be breast milk e no be milk.. Where my big boobies nairaland girls at?

This Dangote guy has been exploring different sector of the economy.
He always know were the money is.
Agriculture is and will always be the feature of Africa not some black gold that turns many African nations in to mono economy.

Aside manufacturing, Agriculture form the largest GDP of European and American even Asian Economy. But in Africa, we have no manufacturing capabilities the only thing we focus on is crude oil neglecting Agriculture. in spite the fact that we have fertile soil that can support all kind of crop and livestock production.

FG efforts to organise Ranching and private sector participation in livestock farming will surely succeed.

This is one sector of the economy that has sustained 100% on indigenous production. With over 180 million Nigerians eating meat daily. No scarcity for once.

Omo money dey this cow rearing business but Fulani don bastardise am which makes the Southerners took their attentions away from it all this while . Anything wey dey cause troubles for Naija ,just know say plenty money dey that thing. We will venture into it now and will make some Fulani herdsmen jobless...

You are either going on a mission, running with a vision or burning with a passion, if not, life is reduced to a burden - Oyedepo.......Dangote is a man on a mission.....

And i don't even have just 100 Naira no serious girlfriend because no money for responsibilities even masturbation can't kill conjin God please bless my hustle

As long as his cattle won't raid my farm, I don't have a problem with it

That's very good, Nigeria fail to know that this is a very good spot for making good profits. You can sell the cow milk to confectionary stores that would need it, or even big departmental stores before you know you've become a millionaire.

And to me it doesn't take much, all you need is to have a large field or space, as I assume most of us have lands in our villages and all you have to do is buy four or three cows, immunize them and to the necessary stuff, then you've started production. You can even educate some Fulani people to tender the cows for you, while you pay them salary. In that way, we would be developing ourselves. God bless you.

mmb:
Aliko Dangote, president of Dangote Group, will own 50,000 cows by 2019, and produce 500 million litres of milk per year.

The group, principally owned by Africa’s richest man, plans to invest $3.8 billion in sugar and rice and $800 million in dairy production in the next three years.

According to World Health Organisation (WHO) estimates, Nigeria needs about 1.5 billion litres of milk annually.

US department of agriculture also puts Nigeria’s “insufficient” milk import at $225 million per year, stating that the country’s dairy market has a potential in excess of $3 billion.

With Dangote’s drive, the group will produce a third of the country’s ideal demand and nearly all of its current import.

According to Bloomberg, the company seeks to expand and deal with a shortage of dollars needed to import raw materials.

The conglomerate plans to increase its production of sugar to 1.5 million metric tonnes a year by 2020 from 100,000 tons now and is seeking to add 1 million tonnes of rice.

In an interview on Tuesday, Edwin Devakumar, executive director at Dangote, said lack of foreign exchange means companies need to invest in local agriculture to help meet demand for food from Nigeria’s population of more than 180 million.

“All raw sugar has to be imported today, same thing for flour milling,” Bloomberg quoted Devakumar to have said.

Dangote, whose cement unit is Nigeria’s biggest listed company, has been investing in agriculture as the country’s government seeks to diversify away from oil, which accounts for 90 percent of the nation’s export earnings and the bulk of revenue.

The economy, which plunged into its first recession in a quarter-century last year amid falling crude prices, is forecast by the World Bank to expand by 1.2 percent this year.

Dangote plans to cultivate 350,000 hectares (864,850 acres) of land for sugar cane and add 200,000 hectares for rice, according to Devakumar.

The company has ordered five plants for sugar milling and 10 for rice from Switzerland to be located in the north of the country, he said.

https://www.thecable.ng/dangote-50000-cows-produce-500m-litres-milk-2019/amp

For him pocket

Peak and others going...

Causes of Boko Haram troubles getting more clear

[quote author=brightisodje post=80032938]And i don't even have just 100 Naira no serious girlfriend because no money for responsibilities even masturbation can't kill conjin God please bless my hustle [/quote

Now we would witness how educated people and advanced countries handle cattle, not some old land grabbing grandpa imposing his herders on people farms

Good development so long as they do not roam around like those miscreants are vying for

juvewalex:
Omo money dey this cow rearing business but Fulani don bastardise am which makes the Southerners took their attentions away from it all this while . Anything wey dey cause troubles for Naija ,just know say plenty money dey that thing. We will venture into it now and will make some Fulani herdsmen jobless...

where i served for east fulani na just worker dem be. Na indigenes get d cows. If cow born dem go give fulani like 1 as reward for hin work

Na the real herdsman be this. 50,000 cows . Buhari now has competition

freemanbubble:
Whether dangote herdsmen or fulani herdsmen
Try to move your asss freely in Edo state and get it kicked

That is a promise not a threat

Lol by who lol you I laugh

Heromaniaa:

Dangote, Dangote
Dangote still dey find money o
I no dey, I no dey
I no dey sleep on the money o
Who I be?
Who I be?
Wey make I no go find money o
I no dey send anybody o
Me I dey hustle gan gan
Choko
Make you hustle, ma lo go
I no be olodo, I no be bolo
Uhh Omo to ba lo foco
I go show you my color
Shey wan ro kpe mi l'opolo
Emi gan gan mo yan wan bolo
The matter plenty
Enu mi ole soto
Oh no no o
Make una listen well well

your a gay like dis

simonlee:
Dangote wants to snatch cow business from Fulani herders?

Southerners, sit back and watch... you'll finally know the difference between Hausa and Fulani and stop calling all of us northerners!

is dangote not Fulani?

Philpham:
This is the start of Islamization in Nigeria.

some one is trying to fix his life he is struggling hard in order to gain something bountiful and you are here typing islamisation of Nigeria hmm don't stand up and hustle hard for ur tomorrow continue hearing and using all the bull shit u hear from people that hate the peace of this country. u will bear the consequences later

Although this guy enjoyed some level of monopolistic government policies but I think he has done what Government cannot do.

Aw