Oyo State unlocks N52m supply chain investment opportunity to fuel agricultural production

Business a.m.

The Oyo State Ministry of Environment has approved the operational licenses of three companies, Sabi, Nectar Fresh, and Meadow Foods, enabling them to jointly invest at least N52 million in a partnership aimed at solving the complex supply chain issues hindering the growth of the agricultural commodities sector in Nigeria.

The Oyo State Aggregation Project, a joint initiative of the three companies, envisions the integration of Sabi’s digital commerce platform, Nectar Fresh’s proficiency in food production and processing, and Meadow Foods’ expertise in dairy and other food products. Through this synergy of expertise and resources, the project aims to revamp and streamline the supply chain of agricultural commodities, elevating their economic and social impact in Oyo State and Nigeria as a whole.

The collaborative effort between Sabi, Nectar Fresh, and Meadow Foods,  would involve partnering with the Oyo State community to establish a robust and responsible supply chain for a variety of high-quality crops, , and create more than 350 jobs in the state over the next year.  The initiative is considered a crucial step in Nigeria’s agricultural sector, as it aims to bridge the supply chain gaps that have led to shortages of agricultural commodities globally.

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