20
Jan

Nosak Group Sets Five Years Plan For Business Expansion To Boost GDP

 

The management of Nosak Group has embarked on a five-year development agenda for business expansion and to boost the Gross Domestic Product of the economy. This was disclosed at the 2020 Executive Management Retreat in Lagos.

Presenting the business scope for the mid-term framework, the Executive Chairman, Dr. Toni Ogunbor said the Group has put in place a number of projects in the coming years to drive expansion which will provide jobs for Nigerians and also contribute to the Gross Domestic Product of the Nigerian economy.

“We have put plans in place to commence and implement the Cassava to Ethanol project in Edo State, we will also commence the implementation of the 1,000 metric tonnes Integrated Vegetable Oil Refinery in the Export Processing Zone and consolidate on our Oil Palm Backward Integration Project, also in Edo State”, he said. He continued that the Group has commenced the procurement of additional fleets to expand the operations of Nosak Haulage Limited to service her customers at optimum levels.

Ogunbor explained that the Group is riding on the back of the African Continental Free Trade Agreement (AfCFTA), which will open up the economy for further export of non-oil products to earn foreign exchange. “With the completion and commissioning of our ultra-modern state of the art retail packaging line for Nosak Farm Produce in Lagos, we will be ready to export our brand, Nosak Famili Vegetable and Palm Oil to other neighbouring countries of Africa”.

With the business expansion plans, Nosak Group aims to create over 1,000 jobs for Nigerians in the various sectors of her operations, which include oil palm and cassava plantation, production and derivatives of these raw materials, manufacturing, haulage, real estate, and financial services. This will cut down the rate of unemployment among Nigerian youths.

As a corporate organisation, Nosak Group considers all employees as her greatest asset. Hence in the coming years, all employees will enjoy the enhancement of manpower base through training to develop internal capacity and recruitment to develop best-in-class personnel.