Job Creations Panacea For Boko Haram Insurgency -Dangote

Posted by African Examiner Latest Headlines, News Friday, May 9th, 2014

Mona Ogbeidi

The President of Dangote Group of Companies, Alhaji Aliko Dangote has lamented the menace of the Boko Haram insurgency in Nigeria and tied it to unemployment and poverty in Nigeria.

President of Dangote Group, Aliko Dangote

Dangote who is also the richest man in Africa made this affirmation in Abuja, during the opening plenary session of the World Economic Forum on Africa, urging foreign investors to invest in Nigeria because “the business environment is very good”.

He also advised that job creation for the unemployed citizens of Nigeria, will go a long way to curb terrorism and hence bring forth oneness in the country.

While speaking on investment made by his company through sugar production, he stated that his company was investing in Adamawa State, in the North-Eastern part of Nigeria, which is also a region plagued by insurgency in recent time.

In his words, “We are investing in sugar production in the North-East, Adamawa in particularly where there is Boko Haram. Nigeria’s northern region has been a base for terrorist camps, particularly the Boko Haram Islamic sect, which recently claimed responsibility for the kidnap of more than 200 school girls from a Government-owned High school in Chibok, Borno state in Nigeria and the only way to curb the Boko Haram insurgency is to create jobs”, Dangote said.

Aliko Dangote, who is worth $24.5 billion also announced to the forum that his company would invest $16 billion in Africa over the next four years, with the bulk of the money -$12 billion to be invested in Nigeria, while $ 2.3 billion will be invested in sugar and rice production in the northern part of Nigeria.

Dangote has risen to become one of the biggest names in Nigeria’s commodity market as his investments cut across from cement to sugar and other food items.