The African agribusiness conglomerate, Export Trading Group (ETG), announced a major multi-million dollar investment expansion in Nigeria on Thursday, aiming to create over 6,000 jobs across the agricultural value chain.
Vice President Kashim Shettima hailed the decision during a courtesy visit by an ETG delegation led by its Global Chief Operating Officer, Niren Murugan, at the Presidential Villa.
He assured the group that the economic reforms implemented by the President Bola Tinubu administration would guarantee the security and success of the company’s investments.
“You have been in the country since 2010, but this time around, you have decided to play a more active role in Nigeria’s agricultural value chain. This is where the action is,” Shettima.
He stated that ETG’s interests, spanning agro-logistics, fertiliser systems, seed production, and industrial processing, are fully aligned with the administration’s Renewed Hope Agenda.
Murugan outlined ETG’s comprehensive investment portfolio, which includes the take-off of an expanded multi-million-dollar oil processing facility in Sagamu, Ogun State, by the second quarter of 2026.
More for rural development, the COO announced a major collaboration to establish Centres of Agro-Excellence in seven states: Kaduna, Ebonyi, Cross River, Ekiti, Jigawa, Nasarawa, and Borno.
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These centres will serve as regional hubs, providing critical inputs, mechanisation services, storage, and primary processing facilities to local farmers.
The purpose of the visit was to inform Shettima of the company’s plans, secure high-level alignment, and accelerate coordination with relevant public sector stakeholders across all government levels.
Also present at the meeting was the Governor of Cross River State, Bassey Otu, who expressed his state’s readiness to collaborate with ETG to harness its vast agricultural potential.
Otu highlighted that the state has undertaken sweeping reforms to boost agricultural productivity and build a sub-national economy.
He assured the delegation, “We can match your vision end-to-end. We have the land, the mineral resources and the enabling environment to make it happen,” while also speaking of the state’s vision to attract investments in key infrastructure like the Bakassi Deep Seaport and Calabar Port projects.
Shettima urged ETG to explore abundant opportunities across the nation to boost food production and solidify Nigeria’s agricultural transformation.
