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Cassava to ethanol, vegetable oil projects top Nosak’s 5-year plan

…projects to create jobs, improve GDP

The management of Nosak Group has embarked on a five-year development agenda for business expansion to tap opportunities in the country and boost the Gross Domestic Product (GDP). The company disclosed this at the recently-held 2020 Executive Management Retreat in Lagos. Presenting the business scope for the mid-term framework, Toni Ogunbor, executive chairman, said the Group had put in place a number of projects in the coming years to drive expansion and provide jobs for Nigerians while contributing to the GDP of the country. “We have put plans in place to commence and implement the cassava to ethanol project in Edo State,” he said. “We will also commence the implementation of the 1,000 metric tonnes integrated vegetable oil refinery in the Export Processing Zone and consolidate on our Oil Palm Backward Integration.

Read also: Nobex pioneers standard in Africa’s cassava processing value chain

Project, also in Edo State”, he said. He said the Group had commenced the procurement of additional fleets to expand the operations of Nosak Haulage Limited to service her customers at optimum levels. Ogunbor explained that the Group was riding on the back of the African Continental Free Trade Agreement (AfCFTA), which will open up the economy for further export of non-oil products to earn foreign exchange. “With the completion and commissioning of our ultra-modern state-of-the- art retail packaging line for Nosak Farm Produce in Lagos, we will be ready to export our brand, Nosak Famili Vegetable and Palm Oil to other neighbouring countries of Africa,” he further said. With the business expansion plans, Nosak Group aims to create over 1,000 jobs for Nigerians in the various sectors of its operations, which include oil palm and cassava plantation, production and derivatives of these raw materials, manufacturing, haulage, real estate and financial services. This will cut down the growing rate of unemployment
among Nigerian youths, according to the Group. As a corporate organisation, Nosak Group considers all employees as its greatest asset. “Hence in the coming years, all employees will enjoy enhancement of manpower base through trainings to develop internal capacity and recruitment to develop best-in-class personnel,” the Group noted.

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