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Dangote will Probably Become World’s Largest Rice Producer by 2021 – AfDB President Akinwumi Adesina

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Akinwumi Adesina and Aliko Dangote. Photo Credit: Twitter – @akin_adesina

The President, African Development Bank (AfDB), Akinwumi Adesina, says Africa’s richest man, Aliko Dangote, will become the largest producer 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 local production of rice due to government’s import substitution policies.

Adesina said that Dangote initially planned a $300 million investment in the production and processing of rice in Nigeria but changed it to $1 billion three months after.

“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.

Dangote, Chairman, Dangote Ltd, said he ventured into rice cultivation because of government’s interest to revive agriculture as the mainstay of the economy and reduce importation of food that could be produced locally.

He lamented that Nigeria consumes 6.5 million Metric tonnes of rice which costs the nation over $2 billion annually and commended government’s policy that encourages private sector’s active participation in agriculture.

“In the next three years, we want to produce one million tonnes 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 income of smallholders farmers and ensuring food security in the country.

He said that to achieve the goal, the scheme would provide high quality seeds, fertilizers, agro-chemicals and technical assistance on best agricultural practice to farmers.

“This scheme will help to diversify the economy, alleviate poverty and reduce the nation’s import bill. The scheme has been designed as a one stop solution for the rice value chain,” Dangote stated.

The pilot phase of the Dangote Outgrowers Scheme launched in Sokoto State is expected to create jobs for 16,000 rice farmers in the state.

5 Comments

  1. Fleur

    April 18, 2017 at 3:47 am

    Yeah and then the perfect monopoly of people’s lives will occur. Dangote, why not do something different like instead of planting the rice yaself, why not create a fund to raise a generation of successful farmers? Why must you be the one doing everything? You cannot have monopoly over tomatoes, rice, cement, etc.

    • Dave hole

      April 18, 2017 at 7:28 am

      Clearly you read that story upside down

    • jade

      April 18, 2017 at 1:13 pm

      Is he holding back the hand and brain of others?
      Let others step up. Nothing wrong with a healthy competition

  2. o

    April 18, 2017 at 10:07 am

    Dangote will Probably Become World’s Largest Rice Producer by 2021…??? REALLY??? Why do we keep importing rice then?? ALL FOR WHAT PLS?

  3. Movici

    April 18, 2017 at 11:17 am

    @ Fleur, its very obvious you are ignorant. Have you checked the meaning of Out growers Scheme? if you don’t know how to , the link below will give you some insight . fao.org/docrep/004/ac131e/ac131e03.htm .

    For your information, Dangote doesn’t own the rice and tomato farms. What he has done is to partner with the farmers/land owners . In that partnership, he provides quality seedlings, farm machinery, expertise and a lot more the real farmers need to maximize their outputs per hectare. At the end of the farming season, he buys the produce from them at competitive rates.

    You also talked about monopoly in your lame argument. The truth is that Nigerian business men are only interested in trading and making money off us. A typical example is in the Petroleum Product Marketing sector of our economy. Femi Otedola, Ifeanyi Uba and the rest have made billions of naira over the years through importation of refined Petroleum product without adding any value to the Nigerian economy by refining locally. Come 2019 by the Grace of God when Dangote Refinery comes into stream, the likes of you will start shouting monopoly. Do you know the quantum effect that refinery will have on our economy through job creation and foreign exchange savings to mention but a few. Please just park well and pray for Dangote and any other business man who wishes to tow his line to succeed.

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