Dangote Plans To Crash Rice Price In Nigeria, Floods Local Markets With...

Dangote Plans To Crash Rice Price In Nigeria, Floods Local Markets With ‘Dangote Rice’

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The much expected Dangote Rice is billed to hit the market very soon as the Management has commenced the harvest of its first tranche.

Sources within the organisation said Aliko Dangote has been very happy with the news of the harvest, especially as it will be launched in the right time to ease the pains of Nigerians, who currently buy rice at N20, 000 per bag.

“We are really excited about the progress so far recorded in this our rice projects. Once we commence the sales of our rice, I can authoritatively tell you that the price of rice will crash in the country as we should have enough, in the next few years to make importation of rice non-attractive again into the country” the source said.

The company has acquired farmland in Edo, Jigawa, Kebbi, Kwara, and Niger states totalling 150,000 hectares to be used for the commercial production of rice paddy. Dangote has also established a two state-of-the-art large-scale rice mills each with a capacity to mill 120,000 Metric Tons of rice paddy, bringing total capacity to 240,000 Metric Tons, with plans to double capacity this within two years. With this installed capacity, the Project will become the largest integrated rice mill project in Africa.

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