Africa's richest man Aliko Dangote to invest in crops, dairy

Africa's richest man, Aliko Dangote, plans to invest billions of dollars in sugar, rice and dairy production over the next three years. His company, Dangote Group, is seeking to expand its reach and address a shortage of cash needed to import raw materials. The conglomerate plans to increase its sugar production by over 1 million tons by 2020, and to have 50 thousand cattle producing 500 million litres of milk a year by 2019. A lack of foreign exchange in Nigeria means companies need to invest in local agriculture to help meet production demands. In addition, the government is trying to diversify away from its dependence on oil, which currently accounts for 90 percent of export earnings. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica