Zebra Group To Invest $1.1million In Agro-Industrial Operations
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 according to the company 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.
In a press briefing with journalist, the CEO of Zebra Group, Buffy Okeke-Ojiudu 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 helps small holder farmers (most of whom are women) expand their farming efforts by increasing small holder income, improving productivity, expanding markets and trade as well as increasing private sector investment in agriculture,” he added.