Zichis Agro Allied Industries Plc has secured a N2 billion non-equity capital injection from its core promoters, Chilla Entertainment Limited and Winners Investment & Trust Limited, as part of a broader N50 billion growth and expansion programme.
The announcement was disclosed in a statement signed by the company’s Managing Director and Chief Executive Officer, Akabusi Anthonia Chinyere, and Executive Director, Finance & Strategy, Chris A. Ogbaisi.
What the company is saying
According to the company, the N2 billion funding commitment represents a key step in executing its long-term growth strategy and demonstrates the confidence of its promoters in the business.
Unlike equity financing, the capital injection is structured as non-equity funding, allowing the company to access additional capital without diluting existing shareholders’ ownership stakes.
The investment is expected to strengthen the company’s balance sheet and provide funding for expansion initiatives across its agribusiness operations.
Growth strategy
Zichis Agro stated that the funding forms part of a wider N50 billion expansion programme aimed at building a fully integrated agricultural value chain.
The company’s planned areas of expansion include:
- Animal feed production.
- Poultry farming.
- Palm cultivation.
- Agro-processing activities.
- Agricultural value-chain integration.
Management noted that the strategy is designed to increase operational capacity, improve efficiency, and enhance the company’s position within Nigeria’s agricultural sector.
More insights
The latest funding commitment comes at a time when Nigeria continues to prioritize agricultural development as part of efforts to strengthen food security, reduce imports, and expand non-oil economic growth.
Industry analysts note that vertically integrated agribusiness models can help companies:
- Reduce production costs.
- Improve supply-chain control.
- Increase profit margins.
- Enhance resilience against market volatility.
- Create additional employment opportunities.
By combining farming, feed production, cultivation, and processing activities under one platform, Zichis Agro aims to capture value across multiple stages of the agricultural ecosystem.
What you should know
Nigeria’s agriculture sector remains one of the largest contributors to economic output, accounting for a significant share of employment and non-oil GDP.
Recent economic data showed that the sector recorded improved growth in early 2026, supported by stronger crop production and ongoing investments across agricultural value chains.
The N2 billion promoter-backed funding signals continued confidence in the long-term prospects of Nigeria’s agribusiness sector, while the broader N50 billion expansion programme underscores Zichis Agro’s ambition to scale operations and strengthen its role in the country’s agricultural transformation agenda.
