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Business News of Wednesday, 13 March 2024

Source: www.mynigeria.com

Firm unveils tomato processing plant in Kebbi state

File image of baskets of tomatoes File image of baskets of tomatoes

In an effort to promote local production, ensure food security and turn Nigeria into a major food processing hub in Africa, GB Foods has unveiled a significant expansion of its investment in the country with an integrated tomato processing plant and expanded farm facilities in Gafara, Ngaski Local Government Area of Kebbi state.

The farm is about 1500 hectares of land, while the factory has a 620 metric tonnes per day processing plant that is estimated to create 2000 jobs.

At the unveiling were President Bola Tinubu, represented by the Minister of Agriculture and Food Security, Abubakar Kyari; Minister of Budget and National Planning, Atiku Bagudu; Minister of Information and National Orientation, Muhammad Idris and other government officials.

Tinubu commended the investment, which he said affirmed the confidence of investors in Nigeria.

The CEO of GB Foods Nigeria, Vincent Egbe, thanked the government, saying: “During the 2022-23 season, our farm and factory in Kebbi played a pivotal role in generating 75 per cent of the total tomato concentrate produced in Nigeria. Despite this significant contribution, demand still exceeds supply, highlighting the need for further expansion and advancement in the sector.

"In December 2023, we further solidified our position by expanding our Lagos tomato sachet factory to an unprecedented 100,000 metric tons, securing our position as the largest of its kind.”

BEB