Africa’s richest man, Aliko Dangote, has promulgated plans to invest $2.3 billion in rice and sugar engenderment in Nigeria’s northern region in a bid to combat penuriousness and insurgency.
Dangote, who was verbalizing today during a plenary session at the World Economic Forum currently being held in Abuja, Nigeria, verbalized that engendering jobs was a crucial way of putting a terminus to the insurgency that has plagued the northern region in the last few years. Nigeria’s northern region has been a base for terrorist camps, particularly the Boko Haram Islamic sect, which recently claimed responsibility for the abduct of more than 200 school girls from a Government-owned High school in Chibok, Borno state in Nigeria.
Dangote, who is worth $24.5 billion withal promulgated to the forum that his company would invest $16 billion in Africa over the next four years, with the bulk of the mazuma -$12 billion to be invested in Nigeria.
In a cognate development, Chinese Premier Li Keqiang has promised further investment in Africa. Speaking during a keynote address during the forum earlier today, Kegiang promulgated that China had set aside $2bn for an African Development Fund and promised delegates that China’s support for Africa was non-conditional, verbally expressing that the country would not interfere in the internal affairs of African countries.
The World Economic Forum on Africa is taking place in Abuja, Nigeria from the 7th – 9th of May.
Dangote, who was verbalizing today during a plenary session at the World Economic Forum currently being held in Abuja, Nigeria, verbalized that engendering jobs was a crucial way of putting a terminus to the insurgency that has plagued the northern region in the last few years. Nigeria’s northern region has been a base for terrorist camps, particularly the Boko Haram Islamic sect, which recently claimed responsibility for the abduct of more than 200 school girls from a Government-owned High school in Chibok, Borno state in Nigeria.
Dangote, who is worth $24.5 billion withal promulgated to the forum that his company would invest $16 billion in Africa over the next four years, with the bulk of the mazuma -$12 billion to be invested in Nigeria.
In a cognate development, Chinese Premier Li Keqiang has promised further investment in Africa. Speaking during a keynote address during the forum earlier today, Kegiang promulgated that China had set aside $2bn for an African Development Fund and promised delegates that China’s support for Africa was non-conditional, verbally expressing that the country would not interfere in the internal affairs of African countries.
The World Economic Forum on Africa is taking place in Abuja, Nigeria from the 7th – 9th of May.