The Opportunities
In trying to solve the food problem, there had been a lot of dependence on the importation of food commodities into Nigeria. The food import bill averaged N1 trillion naira in recent years until the government had to retune its strategies to discourage food imports and encourage local food production.
Elephant Group has latched on this new drive and is fast becoming a major player in the agricultural value chain as against a mere commodity importer. A massive backward integration programme has commenced to achieve this goal and the projects are centered on commodities wherein Elephant Group used to play.