…constitutes a new board of directors
In a strategic move to advance its agricultural transformation agenda, Governor Mai Mala Buni of Yobe State has announced a comprehensive restructuring of its agro-food industrial enterprise by signing a Public Partnership (PPP) MoU with private investors.
Buni made this known on Thursday in Damaturu, affirming that the bold moves to harmonise and consolidate the state’s six critical agro-industrial assets under a new unified framework, the Nigerian Food Corporation (NFC).
According to him, the initiative aimed to unify the aforementioned as the holding company, including Nigerian Food Company Limited, Nguru Oil Mills Limited, Yobe Flour & Feeds Mills Company Limited, Wheat Flour Global Mills Company Limited, Yobe State Fertiliser Blending Co., Gujba Ltd, and Damaturu Modern Abattoir.
Under the new restructuring, the agro-food industrial sector enters a transformative new chapter, leveraging the expertise and resources of a new leadership and strategic partnerships to drive growth, innovation, and food security in Yobe State and beyond.
The council has also confirmed the appointment of a highly accomplished board, combining private and public sector expertise to drive the new corporation. The board members include:
Sa’id Alkali Kori, Chairman of the Board; Babagana Mohammed Adam, Managing Director/CEO, Samaila Hassan Yusuf, Executive Director/COO, Business Development and Operations, Hussaini Tela Zimbo, Executive Director/CFO (Finance and Strategy),
Other including Liman Ibrahim Ali, Non-Executive Director (Industry Expert Agribusiness), Director General, Yobe State Agency for Public-Private Partnership & Investment Promotion (YAPPPIP), Non-Executive Director, Managing Director, Yobe Investment Company, Non-Executive Director, Mohammed Babazau, and Esq – Non-Executive Director (Legal Adviser).
The Director of Yobe State Agency for Public-Private Partnership and Investment Promotions, who signed the MoU on behalf of the Yobe State Government, emphasised that the restructuring aligns with Gov Beni administration’s food security and agricultural transformation agenda.
This strategic restructuring is facilitated through a Public-Private Partnership arrangement, which includes a significant investment by Private Investors, underscoring the enabling business environment in Yobe State.
