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The National Bureau of Statistics in Q4:2014 stated that the agricultural sector contributed ~22% to the rebased Nigerian GDP, while the International Fund for Agricultural Development (IFAD) revealed that ~60% of the working population in Nigeria is employed in agriculture. In November 2013, the Sustainable Food Security in Nigeria stated that ~40% of post-harvest yield losses are due to a lack of adequate storage and processing facilities thereby denying the extraction of the full economic value of agricultural produce.
Ibile Holdings Limited will focus on partnerships in the largely undeveloped, but compelling areas of Agriculture storage and processing. This will boost Lagos State’s and Nigeria’s economies, increase self-sufficiency in food production; enhance food security; thereby achieving economic diversification and creating employment.
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