Boosting Ondo Economy Through Agro-Processing Initiatives

At the 2026 Ondo Investment Summit held in Akure, John Alamu, the Managing Director of Capitalsag Hold, urged investors and policymakers to prioritize large-scale agro-processing to boost Ondo State's economy. He stressed that while the state has agricultural depth and human capital, its economic prosperity relies on significant investments that transform agricultural output into higher-value products.

Alamu pointed out the importance of integrating the value chain to establish a foundation for sustainable growth. He mentioned the revival of dormant industrial assets, including a cocoa processing facility in Akure capable of processing 18,000 metric tons, and a premium cocoa product facility in Il Oluji.

The Johnvent Group, a subsidiary of Capitalsag Hold, currently employs 3,000 people directly and indirectly supports 20,000 farmers, while also contributing to the education and vocational training of 10,000 students through various initiatives.