THE Chairman of Dangote Group, Alhaji Aliko Dangote, has revealed plans to invest $12 billion in the country, out of which $2.3 billion will be invested in sugar and rice production in Adamawa State to create jobs and combat terrorism in the North East.
He said the investment would create 180,000 new jobs.
Dangote spoke as a member of a discussion panel at the ongoing World Economic Forum ( WEF) on Africa in Abuja on Thursday, expressing the belief that high unemployment rate was the major cause of terrorism in the country.
He, therefore, stated that such investment would create jobs as a way of ending insurgency in the zone.
The Africa’s richest man said he would invest a total of $12billion dollars in Nigeria and $4billion in other parts of Africa in the next five years.