Hot Source
* Assures firm of security of its investments
Deji Elumoye in Abuja
Vice-President Kashim Shettima has hailed the multi-million-dollar investment portfolio by African agribusiness conglomerate, Export Trading Group (ETG), in Nigeria, stating that ongoing reforms by the administration of President Bola Tinubu will guarantee the company’s investments.
According to him, the company’s interests across agro-logistics, fertilizer systems, seed production and industrial processing, among others, is commendable and fully aligns with the Renewed Hope Agenda of President Tinubu.
Shettima disclosed this on Thursday when he received in audience a delegation from the ETG led by its Global Chief Operating Officer, Mr Niren Murugan, at the State House, Abuja.
“You have been in the country since 2010, but this time around, you have decided to play a more active role in Nigeria’s agricultural value chain. This is where the action is. We have the population and abundance of resources for your investments to thrive.
“All your investment decisions are wonderful. I am particularly thrilled by your interventions especially in seed development, oil processing, fertilizer blending and agricultural extension services, among others. I commend the efforts of your team in Nigeria in the selection of locations for the proposed Centres of Excellence,” he stated.
The vice-president urged the company to explore the abundant opportunities across the country to expand its stakes in the country’s agricultural value chain, particularly in boosting food production.
Earlier, ETG’s Global COO, Murugan, said his visit was to inform the vice-president of the company’s investment portfolio in Nigeria, seek high-level alignment, secure government guidance and accelerate coordination with stakeholders in the public sectors across all levels.
He announced the take-off of the company’s expanded multi-million-dollar oil processing facility in Sagamu, Ogun State by the second quarter of 2026, disclosing proposed investment pipelines in fertilizer blending, seed production and integrated agro-logistics, among others.
The COO also disclosed a collaboration to establish centres of agro-excellence in seven states of Kaduna, Ebonyi, Cross River, Ekiti, Jigawa, Nasarawa and Borno to serve as regional hubs for the provision of inputs, mechanisation, storage and primary processing, among others.
On his part, Cross River State Governor, Senator Bassey Otu, expressed the state’s readiness to collaborate with the conglomerate to harness the vast agricultural potentials of the state.
He said the state government has, on its part, carried sweeping reforms aimed at not only boosting agricultural productivity, but in building a sub-national economy that serves the rest of the country and gives the state an edge in revenue generation and food production.
Otu also spoke about the state government’s vision to attract investments in port facilities, particularly the Bakassi Deep Seaport and Calabar Port projects.
“We can match your vision end-to-end. We have the land, the mineral resources and the enabling environment to make it happen,” the governor assured the company.
