Dangote woos foreign investors to Nigeria

Africa’s richest businessman, Alhaji Aliko Dangote, on Thursday urged foreign investors to invest in Nigeria because “the business environment is very good”.

Dangote made the call at a news briefing as co-chair of the ongoing 24th World Economic Forum (WEF) on Africa, in Abuja.

He said that positive government polices along huge African population was an advantage to any investor.

Dangote explained that he had invested four billion dollars in the last two years in the Nigerian economy with another 2.3 billion dollars in agriculture on rice and sugarcane.

He said agriculture had all it takes to make growth in Africa inclusive, adding that investing in technology to support the sector would help to facilitate positive growth.

Dangote said less than 10 per cent of arable land in Africa was being utilised for agriculture thus leaving more rooms or large cultivable arable land.

“There is a lot you can get, Africa is the place to invest with a guaranteed 30 per cent returns on investment,” he said.

Also speaking, Sunil Bharti Mittal, Chairman, Bharti Enterprises of India, described Africa as an article of faith.

According to him, Africa will need to advance its infrastructure development to remain a basket of resources.

He called for “Green Revolution,” saying that agrarian development would make Africa the food basket of the globe.

“Land belongs to the locals and will not support taking it from them but foreign investors should bring technology and equipment,” he said.

Also, Jabu Mabuza, Chairman, Telkom Group of South Africa, said Africa must be unequivocal in the call for the release of the Chibok girls so that they could participate in moving Africa forward.

Mr John Rice, Vice-Chairman, GE, Hong Kong SAR, who condemned terrorist attacks on schools, said that it would affect the growth of human and financial capital. (NAN)

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