At its 43rd Annual General Meeting (AGM) today, SWAgCo, the agricultural subsidiary of the company, announced the signing of three major joint venture (JV) agreements worth ₦10 billion. These landmark deals underscore the company’s ongoing commitment to driving agro-industrial transformation and advancing food security, particularly within the south-western region of Nigeria.
The agreements, which were finalized during the AGM, are expected to have a significant impact on the development of the agricultural sector in the region. By expanding its partnerships and securing investments, SWAgCo aims to foster sustainable growth in the agro-industrial space, addressing critical issues related to food production, distribution, and security. The signed agreements mark a strategic step towards strengthening the company’s position in the agro-processing and food production industries, which are vital to the nation’s economic development.
These new ventures are part of SWAgCo’s broader strategy to collaborate with key industry players and leverage advanced technologies and resources for the enhancement of Nigeria’s agricultural infrastructure. The company’s leadership has expressed optimism that these initiatives will play a crucial role in the socio-economic development of the south-west, benefiting local communities, creating jobs, and driving food security in the region.
