CHAIRMAN, Dangote Group, Alhaji Aliko Dangote, has disclosed the plan to establish power plants in Kano and Abuja as part of a policy to develop power infrastructure in Nigeria
He made this disclosure at the 38th Convocation lecture of the Ahmadu Bello University, Zaria, on Friday.
Dangote said the project was part of the company’s $5billion joint venture agreement with Black Rhino Group, a subsidiary of the Black Stone Group to develop a power infrastructure in Africa.
This, he said, would go a long way to boost power generation in the country.
“We are also furthering a new ground by investing in two 554Km, 3 billion square cubic meter feet gas offshore pipeline project, the first indigenous owned undersea gas pipelinethat will supply gas to industries and power plants and it would be run from Bonny through Gas fields,’’ he said.
In order to make Nigeria self sufficient in Sugar production, Dangote said plans were underway to cultivate over 260, 000 hectares of sugar plantation to produced 20 million metric tons of cane and 2 million metric tons of sugar.
This is in addition to U$$1billion dollars also earmarked for commercial production of rice paddy.
He further stressed the development of entrepreneurial capacity for sustainable economic growth.
According to him, the best approach to tackle the socio-economic problems confronting Nigeria is to strengthen the small and medium entrepreneurship as well as eliminating the problem of power supply, lack of access to finance and a good regulatory environment.
Dangote assured the university of his support for research and facility development.
The Emir of Kano, Alhaji Muhammadu Sanusi 11, who was the chairman on the Occasion, commended the effort of Dangote Group to transform the Nigerian economy.