(Ecofin Agency) - Few days ago, the Dangote group has announced that it will invest more than $170 million in the production of rice and sugar cane in the Nasawara State, Nigeria. According to the information, reported by Forbes Africa, the firm intends to put to use the 17,000 hectares it owns in the State.

Dangote Group through Abdullahi Sule, head of the sugar division, reaffirmed its commitment to support Nigeria’s economy in the diversification process. Projected investments should create around 25,000 jobs.

Besides investing in Nasawara’s agro-industry, the Dangote Group also eyes its mining industry, especially its coal reserves. Let’s recall that the group currently focuses on agriculture. Indeed, after taking over Dangote Flour Mills from Tiger Brands, the company had its first best semester in years. In addition, it has announced that its tomato processing factory, the largest in sub-Saharan Africa, would restart activity next December.

Aaron Akinocho