Osinbajo lauds Nigerian entrepreneurial spirit

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The Acting President, Prof. Yemi Osinbajo, on Thursday commended efforts by an indigenous company, Rite Foods Limited – producers of Bigi sausage roll and beverages – for setting up a multi-billion naira investment in Ogun.

Osinbajo, who visited the firm in company of Gov. Ibikunle Amosu and the Chairman of the organisation, Dr Sulaimon Adegunwa, expressed satisfaction with the facility.

Osinbajo said the investment was an example of the hard work and commitment to entrepreneurship by Nigerians.

“This is a great enterprise. The products are all over the country and are doing very well. I am very happy with what is happening here.

 

 

“This is a classic example of a Nigerian spirit of hard work and entrepreneurship. This is excellent work and what we expect in every state.”

Commenting on the challenge of power supply facing the company, Osinbajo said the issue would be addressed soon.

“We have a few issues such as power; we hope to resolve it,” the Acting President added.

Earlier, the Managing Director, Rite Foods Limited, Mr Seleem Adegunwa said the company had continued to maintain its standard despite the economic challenge facing the country.

 

 

According to him, Rite Foods, which has spanned three years of operations, has engaged 3,000 workers locally and internationally.

Adegunwa said that the coming of the company to the community had brought unprecedented economic growth to the area, and reduced crime rate.

He said that the company had directly and indirectly, contributed to the economy locally in the state and Nigeria at large by increasing the internally generated revenue.

“”It will also improve the exchange rate as final products when they are exported,” he said.

The MD also said that virtually all the materials and facilities used by the company were sourced locally.

He said that the raw materials such as cassava were sourced within the host community.

The entrepreneur said the machines and other sophisticated equipment for production were German made.

“We have a world class facility here. If you go outside here, you cannot have any facility better than we have here. We are world class and truly Nigerian.”

According to him, the company operates in line with global best practices, noting that it was heading towards being number one brand in the world.

The managing director said efforts were being made to ensure that the products’ exportation would begin soon.

Adegunwa said the company was not on the national grid as it was operating on generator round the clock to supply its electricity.

The News Agency of Nigeria (NAN) reports that Rite Foods is an indigenous foods and beverages company that produces carbonated drinks and sausages.(NAN)

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