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Major agribusiness partnership set to create thousands of jobs and boost cocoa production across Southwest Nigeria
Southwest Agricultural Company Limited (SWAgCo), the agricultural investment arm of Odu’a Investment Company Limited, has announced a groundbreaking N10 billion joint venture agreement with three international partners, marking a significant milestone in Nigeria’s agricultural transformation.
The comprehensive partnership brings together SWAgCo with Starlink Global & Ideal Limited, PETAGULS Cultivars & Seedling Technologies Ltd, Foodlocker Limited, and the British American Tobacco Nigeria Foundation (BATNF) in an ambitious plan to industrialize Southwest Nigeria’s agricultural sector.
Westlink Integrated Agriculture Limited, an existing portfolio company under SWAgCo, will serve as the primary implementation partner for the multi-billion naira initiative.
The flagship component of this investment is a N4.6 billion cocoa plantation venture developed in partnership with Starlink Global & Ideal Limited and PETAGULS. This five-year project represents one of the largest private cocoa investments in recent Nigerian history.
The project sites are currently undergoing final land validation processes to determine the optimal location for maximum agricultural output.
SWAgCo projects the cocoa venture will generate thousands of direct and indirect employment opportunities across Southwest Nigeria, providing significant economic benefits to local communities.
Expected Outcomes:
The partnership leverages decades of international experience combined with local agricultural expertise:
Starlink Global & Ideal Limited contributes over 40 years of proven experience in international cocoa trading and African commodity markets, bringing global market access and trading expertise to the venture.
PETAGULS Cultivars & Seedling Technologies Limited specializes in advanced cocoa seedling production and agricultural consultancy, offering cutting-edge cultivation techniques and seedling multiplication technologies.
The company combines seasoned professionals from established local institutions with specialized agricultural consultancy services, ensuring both international standards and local market understanding.
This landmark investment aligns with Nigeria’s broader agricultural transformation agenda, particularly in the cocoa sector where the country ranks among global top producers. The project’s focus on sustainable practices and infrastructure development positions Southwest Nigeria as a model for agricultural industrialization across the continent.
The initiative’s emphasis on utilizing existing irrigation infrastructure demonstrates a strategic approach to maximizing agricultural productivity while supporting food security objectives throughout the region.
The N10 billion investment represents a significant vote of confidence in Nigeria’s agricultural potential and marks a new chapter in the country’s journey toward agricultural self-sufficiency and export competitiveness.