The Central Bank of Nigeria (CBN) has said at least $2.5bn domestic tomatoes demand gap still exist and called on investors to ramp up investments in the commodity. The CBN also said it is willing to provide support to willing investors in the tomatoes value chain in Nigeria through the CBN anchor borrowers’ fund.
The CBN Governor, Mr. Godwin Emefiele made the commitment at the launch of the Tomato Jos Farming and Processing Ltd factory located in Kaduna State.
The facility is owned by America’s Mira Mehta, who would be investing additional N7bn in plant in the five years from an initial investment that will peak N2.25bn at the close of 2020. The facility is expected to employ about 5,000 Nigerians…
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