Nigeria’s Dangote Eyes Malawi’s Agriculture Sector

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Africa’s wealthiest man, Nigeria’s Aliko Dangote, is planning to invest in Malawi’s agriculture sector through establishment of a fertilizer production company in the country.

Dangote Eyes Malawi’s Agriculture Sector Fertilizer Production Company
Aliko Dangote, President and Chief Executive of Nigeria’s Dangote Group speaks during the final session of the World Economic Forum on Africa meeting in Cape Town June 6, 2008. REUTERS/Mike Hutchings (SOUTH AFRICA)

The development was disclosed at Kamuzu Palace in Malawi’s capital Lilongwe Tuesday by Nigeria’s High Commissioner to Malawi designate, retired Brigadier General Stanely Diriyai, after he had presented his letters of credence to Malawi President Peter Mutharika.

A fertilizer production company would be a boost to Malawi whose economy is largely dependent on agriculture with maize as a staple food and tobacco as the highest earner of foreign exchange currency.

Briefing local journalists after a closed-door meeting with President Mutharika, Diriyai explained that the two had also discussed a number of strategies on how the two countries’ bilateral relations could be enhanced. Govt To Develop Sustainable Agricultural Sector―President Akufo-Addo

“We also talked about migration between the two countries. A lot of Nigerians are interested in coming to Malawi but visa processing procedures somehow affect that,” explained Diriyai further adding: “In Nigeria now visas can be processed on arrival. We hope Malawi will look into also that.”

Nigeria and Malawi enjoy diplomatic ties from as far as 1964, though Nigeria’s High Commissioner’s Office to Malawi was opened in September 2012. Enditem

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