Agro Firm Expands Operations, Commissions Supply Chain Complex

Valency Agro Nigeria Ltd. Nigeria’s third-largest non-oil exporter, has opened a state-of-the-art supply chain complex in Ibadan, Oyo State, to enhance agricultural self-sufficiency, food security, industrial growth, and youth employment. The company also started construction on a multi-billion-naira agro-processing plant, set to be completed in two years. The facilities cover 40 acres.
British International Investment (BII) invested $15 million in Valency International Group, with the option for an additional $35 million within two years. The launch event, held near the Lagos-Ibadan Expressway, was attended by industry leaders, government officials, diplomats, and the local community.
Mr. Praveen Kumar Jain, Group Chairman of Valency Group, stated that the complex would eventually employ over 10,000 people, with more than 60% being women from the local area. The complex aims to boost Nigeria’s export revenue, add value to agricultural produce, substitute agrochemical imports, and provide skill development and professional growth opportunities. UK Deputy High Commissioner Jonny Baxter praised BII’s involvement and urged Valency Agro to promote nutritional awareness and high yields among Nigerian farmers.
Source: Daily Trust

OUR REVIEW
Valency Agro Nigeria Ltd’s new supply chain complex in Ibadan marks a significant step towards boosting Nigeria’s agricultural self-sufficiency, food security, industrial growth, and youth employment. The forthcoming multi-billion-naira agro-processing plant will further enhance these efforts, covering 40 acres and set to be completed in two years.
British International Investment’s (BII) $15 million investment, with an option for $35 million more, underscores the project’s potential. This investment will support Nigeria’s third-largest non-oil exporter in creating a robust agro-processing infrastructure.
The complex is expected to employ over 10,000 people, over 60% of whom will be local women, promoting community empowerment. Additionally, it will boost export revenue, add value to agricultural produce, reduce reliance on agrochemical imports, and offer skill development and professional growth opportunities. This initiative is a significant leap for Nigeria’s agricultural sector, enhancing the entire value chain from production to export.
UK Deputy High Commissioner Jonny Baxter praised the project, highlighting the importance of leveraging expertise to improve nutritional awareness and crop yields among Nigerian farmers. Valency Agro’s initiatives align with broader goals of sustainable agricultural development and economic resilience.