See more as another billionaire moves to crash rice price after Rabiu pledge

• Nigeria is connected the way to achieving self-sufficiency successful atom production, which is acceptable to bring down the existent terms of rice
• Africa's richest man, Aliko Dangote, has committed to atom investment, partnering with the Nigerian government
• The Chairman of BUA Group, Abdul Samad Rabiu, has besides expressed readiness to proceed lowering atom prices

Legit.ng writer Dave Ibemere has implicit a decennary of business journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends

Nigeria’s efforts to trim nutrient prices has received different large boost arsenic Africa’s richest man, Aliko Dangote, unveiled a multi-billion naira atom accumulation inaugural successful Niger State.

This is coming days aft chap billionaire Abdul Samad Rabiu vowed to proceed crashing atom prices crossed the country.

Nigeria's hopes of cheaper atom get a large boost from Aliko Dangote and Abdul Samad Rabiu Photo credit: Bloomberg/contributor
Source: Getty Images

Dangote moves to clang atom prices

Speaking astatine the opening of the 2025 Niger National Trade Fair successful Minna, Fatima Abdurrahman, Senior Special Adviser to the President of Dangote Group, said the conglomerate is processing a 32-metric-tonnes-per-hour atom mill connected a 30-hectare tract successful Wushishi.

She stated that the task forms portion of the Niger Food Initiative, an cultivation improvement programme launched by the authorities authorities successful collaboration with the backstage sector.

The Dangote authoritative said:

“As portion of our committedness to advancing agriculture, we program to found 1 of the largest atom mills present successful Niger State."

Abdurrahman explained that the high-capacity mill would importantly boost atom accumulation and retention successful the state, describing it arsenic a cutting-edge installation that incorporates the latest innovations successful atom milling technology.

She added:

“This state-of-the-art installation ensures precocious efficiency, minimal waste, and premium-quality output. “Once operational, it volition not lone boost section atom accumulation but besides fortify the full cultivation worth chain, from workplace to market.”

Further, Abdurrahman noted that the mill would beryllium supported by 32 silos, each with a capableness of 2,500 metric tonnes of paddy rice, and would see a captive powerfulness procreation installation producing 5.8 megawatts of electricity, Punch reports.

She noted:

“The task aligns with broader efforts to trim reliance connected the nationalist grid."

Dangote plans to found 1 of the largest atom mills present successful Niger State. Photo credit: Bloomberg/contributor
Source: Getty Images

Niger govt excited astir the atom project

Representing Governor Muhammed Bago, Niger State Commissioner for Trade, Investment and Industry, Aminu Takuma, said the authorities is afloat unfastened to large-scale cultivation investment.

He praised the Dangote Group for its inaugural and encouraged the conglomerate to leverage the state’s investor-friendly policies.

The Minister of State for Agriculture and Food Security, Sabi Abdullahi, represented by Dr. Suleiman Ladan, reiterated the national government’s committedness to promoting commercialized agriculture, describing it arsenic a cornerstone of President Bola Tinubu’s economical betterment agenda.

Takuma further revealed that the authorities authorities is taking steps to elevate the Niger Trade Fair to an planetary standard.

Meanwhile, Bisi Adeniyi, President of the Niger Chamber of Commerce, Industry, Mines and Agriculture has urged backstage assemblage players to pat into the state’s immense cultivation potential.

BUA promises to clang atom prices

Earlier, Legit.ng reported that Abdul Samad Rabiu, the president of the BUA Group, promised to trim further the outgo of atom and different nutrient goods, which helium said had already dropped successful the erstwhile 12 months.

He said President Bola Tinubu's "foresight" contributed to the country's nutrient terms illness and praised him for waiving import duties.

The Tinubu medication announced successful July 2024 that customs charges connected imported nutrient goods would beryllium suspended to combat nutrient inflation.

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Source: Legit.ng