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Dangote Set To Become World Lagest Exporter Of Rice In 2021

Industry

The President, African Development Bank (AfDB), Mr. Akinwumi Adesina, says 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 over the weekend.

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

 

Adesina said that Dangote initially planned a 300 million-dollar investment in production and processing of rice in Nigeria but later changed it to one billion dollars three months after.

 

Dangote Set To Become World Lagest Exporter Of Rice In 2021

“If they continue that policy, he would probably be the single largest producer of rice in the world, in about four years. “The reason why I was so excited about that is that agriculture is cool, agriculture is a business and agriculture pays,” Adesina said.

“In the next three years, we want to produce one million tons 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.

“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.

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