Dansa Foods, a subsidiary of Dangote Group which is owned by Nigerian billionaire Aliko Dangote will be investing $36 million to build the continent’s largest high-energy food processing plant in Nigeria. The Nigerian Agriculture Minister announced at the UN General Assembly in New York that Nigeria was restructuring its agriculture sector – as the future of the country was in agriculture and not in oil. Currently agricultural production accounts for 40% of Nigeria’s GDP however despite an abundance of arable land the sector is seriously inefficient. The country lacks infrastructure, transport, storage and preservation. Often produce rots before it is consumed. The Nigerian government is working to modernize and industrialize its agriculture sector with plans to invest $10 billion over the next few years aided by foreign investors.
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