Business
Dangote Group Pledges To Invest $2.3bn In North

Luggage of participants at the 2014 World Economic Forum on Africa departing after a successful meeting in Abuja, last week
The Dangote Group last Saturday pledged to invest $2.3 billion in sugar-cane and rice production in the Northern part of the country by 2017.
The Executive Director, Dangote Group, Alhaji Mansur Ahmed, made the pledge in his speech at the Northern States Governors’ Forum (NSGF) and United States Investors’ Summit held in Abuja.
“In three to five years Dangote Group would be investing about 2.3 billion dollars in the Northern part of the country, the current investment is low and we are prepared to upscale it,” he said.
He said that the conglomerate would require about 250,000 hectares of land for sugar cane production and 130,000 hectares for rice farming.
Ahmed explained that the investment was capable of generating a total of 180,000 direct employment for the inhabitants of the region.
The Executive Director said: “the group will not be deterred by the security situation in the region.”
“There is nothing wrong attracting foreign investors to the country.
“But I think it will work well for all of us if local investors set the pace as that would raise the confidence level of other conglomerates to do business here.
“So Dangote Group is prepared to lead the way for the industrialisation of the north and the country as a whole,” he said.
Ahmed explained that the region had comparative advantage in several areas, adding that it was time to rise above sentiment to improve the socio-economic status of the region.
“Northern Nigeria has comparative advantage in all fronts to feed the World with agro-allied products.
“The leaders of the region must continue to provide good leadership that would promote enterprise,” he added.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime2 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime2 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime2 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime2 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime2 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics2 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports2 days ago
Bournemouth, Newcastle Share Points
-
Sports2 days ago
Iwobi Stars As Fulham Overcome Brentford