Singapore-based firm’s ₦102bn investment set to boost agro-industrial capacity, jobs, and export value in Nigeria
Robust International Pte Ltd (Robust), a Singapore-based agribusiness company, has announced plans to construct a $75 million (₦102 billion) cashew nut processing plant in Ogun State, marking a major investment in Nigeria’s agricultural value chain and agro-industrial development.
The proposed facility is expected to significantly expand Nigeria’s cashew processing capacity, reducing reliance on raw nut exports while increasing local value addition. Industry experts say the plant will position Ogun State as a key hub in the cashew processing industry, with ripple effects across employment, export earnings, and rural economic development.
According to information released by the company, the state-of-the-art processing plant will be equipped with modern technology designed to meet international quality standards, enabling Nigeria to compete more effectively in the global cashew market. The investment aligns with national efforts to strengthen agro-processing, promote non-oil exports, and attract foreign direct investment into the agricultural sector.
The project is also expected to create thousands of direct and indirect jobs across farming, logistics, processing, and ancillary services, providing income opportunities for local cashew farmers and supporting small and medium-scale enterprises in the supply chain.
Government and industry stakeholders have welcomed the investment, describing it as a boost to Ogun State’s industrial profile and a strong vote of confidence in Nigeria’s business environment. They noted that large-scale processing facilities such as the Robust plant are critical to unlocking the full economic potential of Nigeria’s agricultural produce.
Construction timelines and operational details are expected to be announced in phases, with stakeholders optimistic that the plant will accelerate cashew exports, improve foreign exchange earnings, and contribute to sustainable economic growth in the region.
The Robust International cashew processing project underscores growing investor interest in Nigeria’s agro-industrial sector as the country intensifies efforts to diversify its economy beyond oil.
Post a Comment