Agriculture: The Zebra Group Invests $1.1 Million in South Eastern Nigeria
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.
Zebra Agro-Industries is a subsidiary of the Zebra Group, an African focused business organisation with operations in media, agriculture and real-estate. The company is involved in agro-processing, trading and facilitating the consumption and export of domestic agricultural commodities by investing in production facilities with significant growth potentials.
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