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KADinvest 4.0: In The Nearest Future, Agriculture ‘ll Provide More Revenue Than Oil in Nigeria – Dangote



Chairman Dangote Group, Alhaji Aliko Dangote, has on Wednesday in Kaduna said Agriculture is one of top investment sectors and in the nearest future it would be able to provide more revenue than crude oil in Nigeria.

In his keynote address on the first day of fourth edition of Kaduna economic and investment summit KADinvest 4.0, held in Kaduna, Dangote while commending Kaduna State Government’s drive in attracting private investment worth over $500, said the private sector remains the best engine to drive economic development, creating jobs.

He hailed Governor Nasir El-Rufai for his vision in creating enabling business environment in the state, as the state ranked first in the ease of doing business in Nigeria, according to World Bank Ease of Doing Business Report 2018.


Dangote, who spoke on the theme ‘ Expanding Investment Frontiers’ revealed that his Group will invest in automobile Assembly and Agriculture in Kaduna State.


“Agriculture is one of our top investment sectors and in the nearest future, agriculture would be able to provide more revenue than crude oil in Nigeria.”  Dangote said.


In his goodwill message to the summit, President Muhammadu Buhari, said he closely followed the determined efforts of Kaduna state government to establish its credentials as an investment destination, given the intense global competition for investment funds.


Buhari, said the federal government shall accord priority to the implementation of the economic recovery and growth plan across the subnational level, along with private sectors to help create sustainable jobs and prosperity to the people.


On his part, the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, has described Governor El-Rufai as a pace setter that should be emulated by other governors.

The monarch said another feat achieved by El-Rufai is identifying capable women and giving them opportunity in governance in the state.

The Ooni of Ife, awarded ‘Man of The Moment’ award to Kaduna state governor, Malam Nasir El-Rufai.

Ooni of Ife, called on investors to take the advantage of ease of doing business and the enabling environment to invest in Kaduna.


He said he decided to award governor El-Rufai due to his pragmatic and people’s oriented programmes and policies especially in the area of investment drive:” About 8 million people below 40 years are in Kaduna and there is work force. Kaduna state is creating enabling environment, and let’s encourage Kaduna”

The Ooni of Ife, urged political leaders to always have the interest of the people in mind while in office, saying power belongs to the people.

On his part, governor Nasir El-Rufai, said in 2015, his administration took deliberate action to attract investors attention as part of its governance strategy to develop the state, create jobs and expand its revenue base.

El-Rufai, said Kaduna state is open for business adding that: “We will continue to expand our investment frontiers. There is much to be done to translate our areas of comparative advantage into dynamos of economic growth ” the governor said.