Eric Umeofia, the president of Erisco Foods Limited, says that Nigeria will soon be the preferred destination for genuine foreign direct investments and partnerships in Africa.
Umeofia expressed optimism that the efforts of the Buhari administration and the useful interactions of Nigerian manufacturers and investors with their French counterparts during the visit would bring about more investment.
Erisco Foods Limited described him as a vocal crusader for the Nigerian government and the international community to support indigenous manufacturers and local investors as the fast and effective means of revamping the floundering fortunes of the nation.
He said that serious investors can only come into an economy such as Nigeria’s if her own nationals have staked impressive investments of their own, provided that financial institutions are prepared to give the requisite support in line with Buhari’s economic agenda.
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According to the organization’s statement, Umeofia’s vision, is to develop the tomato industry from the basic modernised plantations to setting up of refinery plants for conversion of the harvested tomatoes into concentrate.
The estimates show that the company plans to increase the production capacity of the factory to 450,000 metric tonnes per annum by the first quarter of 2016. Erisco Foods is already in the process of launching massive tomato plantations through backward integration in Sokoto, Jigawa, Katsina and Zamfara states.
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