With the growing demand for the improvement of the agricultural sector as a viable income generating industry and the need to diversify the Nigerian economy, the Zebra Group through its subsidiary, Zebra Agro-industries is expanding its agro initiatives by investing $1.1 million USD in agro-industrial operations focused on vegetable oil and animal feed processing over the course of 2016 (within Nigeria’s south-eastern region).
This development will contribute significantly to the output of agricultural produce as well as empower local agriculturalists within the region. The opportunity will also further fuel Zebra Agro-industries commitment to the support and development of the Nigerian female farmer.
These initiatives are in line with the government’s goals to diversify the Nigerian economy, reducing its dependence on oil.
Buffy Okeke-Ojiudu, CEO of the Zebra Group said: “We need to wake up to the vast and inclusive opportunities that lie within the sector, and stop viewing investments in agriculture merely as aid initiatives to help the poor. We should appreciate it as a solid and viable business sect”. He further emphasized that these initiatives by the Zebra Agro-industries will encourage young entrepreneurs to realize the vast potentials of the agricultural sector and maximize it as such.
About Zebra Agro-Industries
Zebra Agro-Industries is a subsidiary of the Zebra Group, an African focused business organisation with operations in media, agriculture and real-estate.
Zebra Agro-Industries is an agro-processing, trading and facilitating company centered on increasing theconsumption and export of domestic agricultural commodities by investing in production facilities with significant growth potentials.
Typically Zebra sources its agricultural products by developing out-grower schemes with local small holder farmers through government assistance. In turn, Zebra supports these farmers by providing them with credit facilities as well as logistics and distribution support.
With this system, Zebra agro-industries helps small holder farmers (most of whom are women) expand their farming efforts by increasing small holder income, improving productivity, expanding markets and trade as well as increasing private sector investment in agriculture.
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