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.