Dangote: Rice importation costs Nigeria $2bn annually

Dangote: Rice importation costs Nigeria $2bn annually

The President of Dangote Group of Companies, Alhaji Aliko Dangote, says Nigerians consume over 6.5 million tonnes of rice annually, less than half of which is produced locally.

Dangote said that on Wednesday during the inauguration of the Dangote Rice Out Growers Scheme in Goronyo Local Government Area of Sokoto state.

He expressed concern that the deficit arising from importation of rice cost Nigeria over $2bn per annum.

He said, “As agriculture remains an important sector in our economy, we plan to produce 1million tonnes of high quality parboiled rice within the next three years.

“This is by cultivating about 160,000 hectares of irrigable rice farmland in some selected states, thus making the commodity affordable to ordinary Nigerians.

“Moreover, the out growers scheme is committed to creating significant number of jobs, increasing the incomes of small holder farmers and ensuring food security in the country.

“This is by providing high quality seeds, fertiliser and agrochemicals, as well as technical assistance on best agricultural practice to farmers.”

Earlier, the Sultan of Sokoto, Alhaji Sa’ad Abubakar, commended President Muhammadu Buhari for diversifying the economy and urged Nigerians to pray for him. 

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