Sunday, February 05, 2023

Creating a food-secure world: Tingo sites $1.6b food factory in Delta, to create 12,000 jobs


Creating a food-secure world: Tingo sites $1.6b food factory in Delta, to create 12,000 jobs

Tingo Foods, a division of Tingo International Holdings Inc., has set out to establish its food processing factory in Delta State which is expected to create over 12,000 direct employment.

Dozy Mmobuosi, the company's founder, said in a statement yesterday that the initiative would significantly help the economy by creating jobs and distributing wealth.

Additionally, it will support the Sustainable Development Goals (SDGs) of the United Nations, which aim to eradicate hunger and combat climate change.. 

Mmobuosi expressed optimism that the project will save Africa from paying foreign exchange to import finished food products. 

He said: “Additionally, it will aid the export of made-in-Africa foods to the world, enhance inter-Africa trade via the Africa Continental Free Trade Agreement, and sell high-quality and nutritious food products in Nigeria.

“The formal foundation laying of this project will take place on February 9 in Ishiekpe village, Onicha Ugbo Aniocha North Local Government Area of Delta State and is expected to begin operations in the next 18 to 24 months.

“The facility when fully operational will initially produce a range of products including rice, tea, coffee, chocolate, biscuits, edible oil, cashew milk, millet-based cereal, beer, mineral water, fizzy drinks, pasta, and noodles. The facility will also serve as a hub for the development and distribution of new products in the future.”

Mmobuosi stated that the facility is the first phase of a multi-billion-dollar investment that Tingo International Holdings plans to make in the African food industry. 

He said the bulk of the cost is primarily machinery, which will be imported from some of the world’s leading manufacturers. 

Mmobuosi said: “As the founder of Tingo International Holdings, I am thrilled to be a part of this project, which I believe will play a significant role in helping Africa feed itself. This facility represents a major step towards building a sustainable future for Africa and creating a food-secure world.”

CEO Neha Mehta said, “Tingo Foods new food processing facility is more than just a business venture. It is a symbol of hope and a catalyst for change. We are committed to using this facility to drive economic growth and create a better future for Africa.” 

“At Tingo Foods, we understand the importance of human capital in the food processing industry, and we are committed to investing in the skills and development of our employees. We believe that by providing high-quality training and education, we can unlock the full potential of our workforce and create a thriving, sustainable industry.”

” In recent years, the African food industry has struggled with a lack of productivity and poor usage of human capital. However, Tingo Foods aims to change that by creating jobs, generating wealth, and contributing to sustainable development in Africa.

“Despite the challenges, there are also many strengths in this space. For example, the African food industry has a large and growing market, with a population of over 1.3 billion people and a rapidly expanding middle class.

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