On Thursday, Nigeria-based Nature's Bounty Well being Merchandise (ReelFruit) and the US authorities celebrated the opening of an 800-ton dried fruit processing facility in Ogun State.
America Company for Worldwide Growth (USAID) started its partnership with ReelFruit in 2021. Via the West Africa Commerce & Funding Hub (Commerce Hub) undertaking, USAID awarded ReelFruit a $500,000 co-investment grant to develop the corporate's provide chain to assist get well. who’ve been negatively affected by the COVID-19 pandemic.
This partnership supported 355 smallholder networks throughout eight states in Nigeria – Adamawa, Edo, Ekiti, Kaduna, Lagos, Niger, Ondo and Oyo – by offering coaching on good agronomic practices and buying their recent fruits straight. ReelFruit concurrently invested $2 million from a personal fairness fund to finish the dried fruit processing plant, increasing its enterprise almost tenfold.
The Commerce Hub improves the competitiveness of the personal sector, with a deal with growing agricultural productiveness and profitability of smallholder farmers in Nigeria and selling West Africa's regional and worldwide commerce.
“Over the previous twenty-five years, the U.S. authorities has invested in Nigeria's financial development, significantly in agriculture and agro-industry,” stated Sara Werth, Deputy Mission Director of USAID Nigeria, whereas delivering remarks on behalf of the U.S. authorities. “Our partnership and investments are made potential by means of a multi-sector technique that engages authorities, the personal sector and communities to strengthen and strengthen native capacities.”
Shortly after dignitaries gathered to chop the ribbon for the official launch of the manufacturing facility, Affiong Williams, CEO of ReelFruit, stated: “In the present day marks a momentous event within the historical past of our firm. We’re proud to have commissioned the biggest dried fruit manufacturing facility in Nigeria, which is a testomony to my unwavering perception in Nigeria's agricultural and manufacturing capabilities. We are going to course of our vary of dried fruits at scale to serve clients throughout the nation, and promote 'Made in Nigeria' to the remainder of the world, creating lots of of jobs and positively impacting farmers.”