In a groundbreaking development, Davidorlah Farms, a leading agricultural enterprise in Nigeria, has announced a landmark $300 million investment by an American firm to establish a state-of-the-art biofuel refinery in Ogun State. This milestone positions Nigeria at the forefront of sustainable energy innovation and agro-industrial advancement.
Speaking at a media briefing in Abuja, Mr. Oluwasegun Alabi, Managing Director and CEO of Davidorlah Farms, expressed optimism about the future of Nigeria’s economy through strategic private-sector involvement in agriculture. Highlighting the country’s exceptional global standing in pineapple production, Mr Alabi underscored the significant potential within Nigeria’s agricultural value chain, particularly in harnessing agricultural waste to generate renewable energy.
“Ogun State was selected for this project due to its abundant supply of agricultural raw materials, ideal for biofuel production,” stated Mr Alabi. “This investment not only diversifies Nigeria’s economy beyond oil but also drives sustainable practices that align with global climate goals.”
Davidorlah Farms is also spearheading initiatives to strengthen Nigeria’s agricultural sector. These include proposals for establishing agricultural training centres in all 36 states and the FCT, as well as building hostels to accommodate and empower over 200 youths on its farm.
Mr. Alabi emphasised the vital role of agriculture in Nigeria’s economic stability: “Agriculture contributes approximately 24% to our GDP and employs over 36% of our workforce. By reducing our reliance on oil and boosting agricultural exports, we can enhance food security, stabilise foreign exchange, and fortify Nigeria’s economy against global shocks.”
In an era marked by global warming and a shift away from fossil fuels, the biofuel refinery initiative demonstrates Davidorlah Farms’ commitment to turning agricultural waste into wealth. “Our export-focused pineapple production model is designed to reverse Nigeria’s agricultural trade deficit, earning foreign exchange and strengthening the naira through global-standard production and logistics,” Mr Alabi added.
As Nigeria navigates the challenges of global economic uncertainty, Davidorlah Farms continues to lead the charge in redefining the country’s agricultural landscape, positioning it as a driver of sustainable economic growth, food security, and environmental stewardship.
About Davidorlah Farms
Davidorlah Farms is a leading Nigerian agricultural enterprise specialising in pineapple cultivation and processing. Committed to advancing food security and agro-industrial development, Davidorlah Farms operates across the pineapple value chain—from large-scale production to concentrate manufacturing for local and international markets.
Source: NIGERIAN TRIBUNE
