Africa’s richest man, Alhaji Aliko Dangote has promised to invest $ 2.3 billion in sugar and rice production in the northern part of Nigeria.
Dangote made the revelation at the World Economic Forum on Africa as he pointed out that job creation is necessary if the insurgency in the country is to be brought to an end. There have been fears over security in the Northern Nigeria following series opf terror attacks.
Dangote also disclosed that his company wiould be investing $ 12 billion in Nigeria and $ 4 billion outside the country in the next four years.
Dangote has risen to become one of the biggest names in Nigeria’s commodity market as his investments cut across from cement to sugar and other food items.