Price of local rice to crash as Dangote Group begins the installation of Rice factory in Kebbi
One of Africa’s richest conglomerate, the Dangote Group is about to install a rice mill in Kebbi State.
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Bags of rice
Although the Nigerian government has claimed self-sufficiency in rice production, the cost of the commodity has hit the roof since the authorities shut down Nigeria’s border with the Benin Republic.
A bag of foreign rice has risen to as high as 20,000 naira per 50KG bag, from about 13,000 naira before the border closure. But the local alternative has remained at the highest, with 50KG bag going for as high as N23,000 depending on which part of the country you are.
This is however about to change as one of Africa’s richest conglomerates, the Dangote Group is about to install a rice mill in Kebbi State.
According to reports, the Dangote rice mill facilities will have 32 silos.
Speaking on the move, Gov. Atiku Bagudu of Kebbi on Sunday commended Dangote Group for setting up the rice mill in the state, saying it would create employment and boost the economy.
Bagudu who visited the factory site at Saminaka in Shanga Local Government Area of the state said the investment would also rack up the rice value chain and add value to local farmers.
The governor’s visit was announced in a statement on Sunday in Birnin Kebbi by his Press Secretary, Abubakar Dakingari.
“I must commend Dangote Group of Companies especially Alhaji Aliko Dangote for initiating the project in Kebbi State.
“This will go a long way in providing employment to our youth as well as boosting the economy of the state and Nigeria at large “, he said.
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