Sabi, the $1 billion GMV B2B e-commerce platform, has formed a new partnership with Nigerian agricultural companies Nectar Fresh Limited and Meadow Foods, with the support of the Nigerian government, to address ongoing supply chain and development challenges in Nigeria’s agricultural sector.
The Oyo State Aggregation Initiative intends to establish a consistent supply chain for a variety of premium crops, including 30,000 MT of cashew nuts and 10,000 MT of shea nuts. The alliance will generate jobs and economic growth in the small settlements of Saki, Otiki, and Agbugudu, as well as explore new areas of the Opara Forest. The project encompasses a massive 250,000-hectare forest and employs cutting-edge drone technology to assure complete exploration and sustainable resource management.This effort also ushers in a new era of responsible agricultural production, combining access, technology, and innovation to assure ongoing access to forest reserves while investing in and improving local communities. The three companies plan to invest more than ₦52 million in the coming year.
Under the leadership of Sabi, the partnership will make the required financial, operational, and infrastructure contributions to guarantee that partners and community members are well cared for.
A centralised warehouse in Saki will be established to provide high-quality storage for export-ready materials.
President and Co-founder of Sabi, Ademola Adesina, stated, “This initiative marks a significant step towards creating a more reliable and community-focused agricultural supply chain in Nigeria. By empowering small farmers and providing them with the resources and market access they need, we are fostering economic growth and community development in Oyo State.”
Meadow Foods, Acrosstrades’ local subsidiary, will play an important role in project planning and management, quality assurance, and technological integration on the ground. This logistical work is crucial at a time when Nigeria’s agriculture industry works to overcome supply chain gaps that are causing shortages.
According to Israel Omidosu, Meadow Foods and Acrosstrades’ Co-founder, “Maintaining high standards for processing and compliance is crucial for the success of this project.”
“We are excited to bring our expertise to the table and contribute to a more efficient and reliable supply chain for Oyo State’s agricultural products and Nigerian agricultural exports,” he added.
Nectar Fresh will work with Opara Forest community leaders to assure farmer access and crop development.
The community work will be essential to project success, especially in supporting a commercial environment that will make it easier for small farmers to thrive and compete. The Oyo State Aggregation Project will create job opportunities for at least 350 people by December.
Soji Ogundoyin, CEO Nectar Fresh stated, “We are committed to ensuring that small farmers have the support and access necessary to thrive.”
“Our engagement with community leaders will be key to the success of this project, and we look forward to working closely with them and to creating new avenues for commercialization and market access,” he added.
However, the local brand news discloses that Sabi was granted a project licence by Nigeria’s Ministry of Environment and Water last Friday, kicking off this transformative venture officially.
