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Nigeria will start exporting rice soon – Dangote

The Dangote Group has pledged to change Nigeria from a nation that imports rice to a major exporter of the staple food.

The group said that its 150,000 hectares rice farmlands in Jigawa, Kano, Kebbi, Nasarawa, Niger, Sokoto, and Zamfara States as well as 10 rice mills it was establishing in different parts of the country would deliver one million tons of rice annually.

This was disclosed by Dangote Group’s Executive Director, Kunt Ulvmoen, when he spoke to captains of commerce and industry during the Dangote’s Special Day, at the ongoing 33rd Lagos International Trade Fair.

According to Mr Ulvmoen, the group had been known to be the number one in rice business in Nigeria until it took the decision to terminate any commodity trading that would not achieve value addition on locally.

Notwithstanding, consumers were still asking for the Dangote rice years after the group’s decision to terminate rice importation, he said.

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“So what do we do? We are entering into rice farming and processing and targeting a million tons output annually.

“We are already active in the farms. We have already got some paddy rice in some silos. We are also challenging others to do what we are setting out to do in order to make rice an exportable product in Nigeria,” Ulvmoen added.

“What is very important in Nigeria is the gas. There is so much gas in the oil field that is still burnt. But this gas is very important for the production of energy in the country.

“And we want to make sure that there is gas in the pipeline. Nigeria needs to utilize all natural resources especially oil and gas.

“We have our sugar refinery in Apapa with capacity for 1.4 million tons annually. But we also want to reduce the importation of raw sugar.

“So, we are improving our plantation for sugar cane. We want Nigeria to be as independent as possible from sugar import,” he said.

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“We are creating jobs. If you want to reduce kidnapping or extremism you have to create jobs. Nobody wants to do that if he can avoid it,” he added.

In addition, he said Dangote has 29 million tons installed capacity for cement production.

Also speaking, the Group Executive Director, Halima Aliko Dangote, said the company recognised its partnership with LCCI, which she said, has been growing over the years.

“The bond is even more significant as one of own, Mr. Knut Ulvmoen is one of the Deputy Presidents of the Chamber. He has been a very active member of the Chamber,” Ms Halima said.

The President of the LCCI, Babatunde Paul Ruwase, described the Dangote Group as a critical enabler in connecting businesses in Africa.

He said, “There is no home in Nigeria that lacks a Dangote product that are very essential to our daily lives”

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How Nigeria Can Attain Sustainable and Inclusive Growth – Dangote

Billionaire businessman Aliko Dangote has identified what Nigeria needs to drive sustainable and inclusive growth.

Dangote, who is Africa’s richest man, said this via a poat on his twitter handle on Friday.

He said, “Nigeria has one of the largest domestic markets with a population of over 200 million people.

“We need to drive sustainable and inclusive growth through industrialization, economic diversification and import substitution, creating jobs and driving economic prosperity.”

Dangote had on Wednesday aired his views about the Nigerian economy at a Roundtable session with the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, with the theme “Going for Growth 2.0.”

He said when he read that the Nigerian Customs collected N1.35trn import duties last year, it means the economy isn’t working.

“If the economy is working, the Customs shouldn’t collect that much money, it is the Federal Inland Revenue Service (FIRS) that should,” he said.

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Airbus and Green Africa announce strategic Partnership for 50 A220 Aircraft

Green Africa Airways, Nigeria’s Lagos-based airline, has signed a Memorandum of Understanding (MoU) for 50 A220-300 aircraft, one of the major orders to be placed globally for the A220 programme and the largest ever from the African continent.

Babawande Afolabi, Founder and CEO of Green Africa Airways said the Green Africa story is a story of entrepreneurial boldness, strategic foresight and an unwavering commitment to using the power of air travel to create a better future.

Airbus Chief Commercial Officer Christian Scherer optimistic about the partnership, said the unique characteristics of the A220 will allow the airline to unlock destinations and route pairs that previously would have been considered non-viable.

The A220 is the only aircraft purpose-built for the 100-150 seat market; it delivers unbeatable fuel efficiency and widebody passenger comfort in a single-aisle aircraft.

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