THE Federal Ministry of Agriculture and Rural Development and Dangote Group have signed a Memorandum of Understanding, MoU, of $1 billion investment on rice production.
Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, described the MoU as landmark and historical in the country’s rice production, as Nigeria will soon become a net exporter of rice.
Adesina who lauded the huge investment proposed by the Chairman, Dangote Group, Alhaji Aliko Dangote, said by 2017 and 2018 Nigeria will be self-sufficient in rice production and become a net exporter of the commodity.