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Read What Dangote Says Will Happen To Nigeria In The Next Few Years

Alhaji Aliko Dangote, the News Agency of Nigeria reports that the president of the Dangote group, Alhaji Aliko Dangote has said the country was at the risk of hunger in the next few years if bulk food importation is not minimized.

He said this on Monday, October, 17, in Lagos while addressing some students of the MBA class of the Lagos Business School who visited the Dangote petrochemical refinery. He said 98 per cent of all dairy products consumed in the country are imported and if this is not checked, the country will experience hunger strike.

A Nigerian billionaire, Aliko Dangote has made a revelation of what will happen to the country in the next few years if importation is not reduced. He said 98 per cent of all dairy products consumed in the country are imported

He said by 2020, it is estimated that the Nigerian population would have risen to between 207 million and 210 million Share on Facebook Share on Twitter “Nigeria is at the risk of hunger in the next few years”

“98 per cent of all the milk and dairy products we consume in Nigeria are imported. This is why Dangote group has planned to develop dairy plants, and develop homegrown milk production, to reduce importation.

“By 2020, it is estimated that the Nigerian population would have risen to between 207 million and 210 million. If we do not make efforts to grow and process our own foods, God forbid, we will go hungry. “We have been in talks with the Central Bank of Nigeria on ways we can add value to our local produce, and we have marked massive dairy production for the next three years. “We cannot solve all Nigeria’s problems, but at least we can embrace and add value to areas where we have comparative advantage,” he said.

He said that Dangote Group was the most capitalised company on the stock exchange, with investments which include six ongoing projects that would create not less than 250,000 jobs across the nation. He said that the refinery could generate an annual foreign exchange savings and earnings of $15bn dollars. He said it would also generate up to 1500 direct jobs and 15,000 indirect jobs in support services and logistics, which would also include up to 22,000 housing facilities.

He urged the students and other potential entrepreneurs to endeavour to venture into businesses that they are familiar with. In a bid to reduce importation of goods into the country, the Nigeria Customs Service (NSC) banned the importation of rice into the country. In a press statement issued on Tuesday, March 22, the Comptroller-General of Customs, Colonel Hameed Ali (rtd), gave the approval, going against the body’s initial policy in October, 2015.

The directive was reported to be in line with President Muhammadu Buhari’s call for patronage of made in Nigeria products, a development which he says will reduce the rate of importation of foreign products.

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