'How Buhari regime thwarted Dangote's multi-billion naira milk investment'

ICIR

KADUNA State Governor Nasir el-Rufai has revealed how the Federal Government thwarted the effort of billionaire businessman Aliko Dangote to invest in dairy cattle in the state.

The governor stated this while speaking with Channels TV on the sixth edition of the state Economic and Investment Summit tagged ‘KADINVEST 6.0,’ on Thursday.

He said the Africa richest man planned to bring 30,000 cattle from South Africa and requested that the state give him one of its grazing reserves for conversion into a farm for the animals.

He said the government believed the investment would create ‘hundreds of thousands of jobs’ for people in the state and address major security and economic challenges facing it.

“All Aliko wanted was for import duty on powdered milk to be moved from 10 per cent to like 20 per cent to make it competitive with local production while costs are being reduced.

“We began a conversation with the (Federal) Ministry of Finance to do that. But all of a sudden, in the next budget cycle, import duty on powdered milk was reduced to five per cent, and he pulled out,” the governor stated.

Dangote had in 2018 reportedly expressed interest in investing in the nation’s milk industry.

The investment was expected to boost the country’s milk production.

Meanwhile, despite worsening insecurity in Kaduna State, El-Rufai boasted of a relatively conducive business environment in the state. 

He played down the impacts of insecurity in the state and claimed the media exaggerated the crisis…

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