Friday, March 31, 2017
Dangote to Crash Price of Rice in Nigeria by December 2017
He made the announcement at the launch of Dangote Group's one-stop shop for its products in the south-east.
The move marks Dangote's expansion into staple food production in the country.
Dangote already produces sugar, salt, flour and tomato paste. According to Mr. Mabogunje, Dangote's products will be sold at very comepetitive prices across the nation.
With their experience, scale and financial resources, there is likely to be a crash in market prices of rice across the country.