Dangote To Invest $12b In Nigerian Economy


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Dangote To Invest $12b In Nigerian Economy
Posted on: October 11, 2014, 08:21:38 PM

The President, Dangote Group, Aliko Dangote has said he will invest $12bn in Nigeria’s economy.

This was contained in a statement felicitating with Muslims on the Sallah celebration. He expressed his firm belief in the Nigerian economy.

He said that of the $12b, $2.3 billion would be invested in sugar and rice production in Adamawa State to create about 180,000 jobs and combat terrorism in the North-East.

He said that the Nigerian atmosphere is good for business and that he wouldn't have invested in the country if he didn’t believe that.

While wishing all Muslims a spiritually rewarding festival, Dangote described the current situation in the country as a passing phase. He urged Nigerians not to allow themselves to be overwhelmed by despair but to be determined and courageous.

“It is high time Nigerians rededicated themselves and maintained the virtues, without which the country would continue to wander hopelessly, ” he added.