Osinbajo lauds Sona Agro Allied Foods on backward integration
Acting President, Professor Yemi Osinbajo weekend passed a vote of
confidence on Sona Agro Allied Foods, manufacturers of cashew Biscuits Sona Bites, saying the product manufactured locally is in clear recognition of federal government policy on backward integration.
Healso praised the company for manufacturing a quality product for
Nigerian.
“It is an excellent product by Sona Agro Allied Foods”, Acting
President Yemi Osinbajo remarked after tasting for the first time the Cashew Biscuits Sona Bites brand during the exhibition organized by the Ogun state chapter of Manufacturers Association of Nigeria, (MAN) in abeokuta.
The acting president who was clearly impressed by the good quality
taste of the locally produced premium biscuit brand especially its
crunchiness was excited that the quality product from the Nigerian
company is fast taking the place of imported biscuit products in the
local market while the hitherto foreign brands have stopped
importation due to scarce foreign exchange and government’s new policy on import restrictions.
He also expressed delight about the company’s commitment to the local content initiative as almost 90 percent of raw materials being used for the biscuit are sourced locally. Besides, he applauded the company for contributing to job creation, an area he observed the government of President Muhammadu Buhari is very passionate.
His words:“I want to specially commend your company’s commitment to backward integration by depending on locally sourced raw materials in your products manufacturing as well as appreciate you for contributing to job creation. It is needless to say that President Muhammadu Buhari’s government is very passionate about this”.
Similarly, the executive governor of Ogun state Senator Ibikunle
Amosun who accompanied the acting president during the exhibition
showed keen interest in the new products and the company, stating that it was a thing of joy to the state that the company is located in his domain.
He specifically assured the company of his government’s readiness to continue to provide enabling business environment for all business owners especially companies like Sona Agro Allied Foods that have been creating employment opportunities for the citizens of Ogun State.
The company has so far created about 900 jobs and it is on track to
employing more workers, following expansion plans which will see the company significantly enhancing its production capabilities, with a view to supplying the local and export market.
Recently, Sona Agro Allied Foods launched its biscuit export business, starting with the Ghana market. The company hopes to soon expand its export network to other markets within the sub-region in the coming months.
Sona Agro Allied Foods is one of Nigeria’s leading food company, with
capacity to produce biscuit, wafers and cereal. The company has
disclosed that it plans to grow its production by 200 percent in the
next 14 months and also commit 30 percent of its total output to the
export market within the same period
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