Ex-Ekiti Commissioner unveils N2bn agro-processing firm

Former Ekiti Commissioner for Agriculture and Food Security,  Prince Olabode Adetoyi, has unveiled a N2bn agro-processing firm, Value Ingredients Limited. 

Adetoyi, who is the Managing Director of the firm, stated that the company was primarily established  to address post-harvest losses,  promote healthy living, and add value to locally produced agricultural products while strengthening Nigeria’s economy.

The former Commissioner spoke in Ado -Ekiti on Wednesday during a get-together party and exhibition of the  company’s products in commemoration of his birthday. 

He explained that the company’s flagship products are produced from natural raw materials and aligned with its philosophy of innovation, value addition, and healthy living.  

Adetoyi disclosed that he has invested heavily in the company, adding that the high-tech machines and state of the art facilities in the firm are  valued at over N2bn.

He said that the investment has boosted local production capacity and created employment opportunities, stressing that the company prioritises processing agricultural produce locally rather than transporting raw materials to cities such as Lagos or Abuja.

He noted that the company cultivates yam, plantains, maize and  cassava processes them into products including Poundo yam,  unripe plantain flour, dry Ogi powder, odourless fufu, and garri.

Adetoyi added that  Value Ingredients Limited works closely with farmers in the state offering guidance on standard agronomic practices to ensure quality control and traceability of raw materials used in production.

He further explained that the firm uses organic fertilisers and no preservatives, noting that its processing method enable its products such to retain their nutrients for up to two years.

He revealed that the firm is expanding its production capacity following positive feedback from market research, which showed strong consumer acceptance of its products.

The ex-commissioner added  that the company is  focused on encouraging local consumption, supporting farmers, and positioning Nigerian-made products for both domestic and international markets

He disclosed that the firm has created both direct and indirect jobs, with about 50 people employed directly by the company, while another 50 earn their livelihoods through farming and related activities linked to the value chain.

He also highlighted the firm’s partnership with the faculty of agriculture, Federal University, Oye-Ekiti (FUOYE) where over 300 students are engaged in agricultural programmes that supply raw materials to the company.

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