Best Foods L&P was established to provide wholesome livestock and agricultural produce grown in Nigeria at affordable prices within and outside the country.
Order meat to eat
The company is credited as one of the largest meat processors in Lagos, Nigeria, with the capacity to process 120–200 bulls a day.
“Expect more collaborations and deals like this to grow the agriculture sector and Farmcrowdy,” said Onyeka Akumah, founder/CEO, Farmcrowdy.
“We are happy to make plans towards launching Farmcrowdy Meat Hubs. This will enable people to order meat for consumption. We manage the farms till harvest and now people can order the meat. We are completing the full-cycle for livestock on our platform.”
Best Foods agribusiness group focuses on the processing of livestock (Best Food Livestock and Poultry), farming (Best Food Fresh Farms), and marketing of agricultural produce (Naijapride – wholesaler/ Best Food dairy and multi-concepts – retailer).
The acquisition enables Farmcrowdy to grow its Livestock value chain with an improved process for livestock production and processing fit for local consumption and export.
The expanded business will serve over 50 meat markets (including beef and poultry) across the south-western zone in Nigeria and will manage over 100 consumer endpoints.
Known for its expertise in adapting technology to agriculture, Farmcrowdy will enter the meat retail market with the launch of Farmcrowdy Meat Hubs.
Changing the way people eat meat
The hubs will provide quality meat produced and traded by Farmcrowdy for everyday consumers using technology.
According to local newspaper reports; Lagos alone consumes 6,000 cattle everyday while Nigeria processes over 1.2 billion chickens annually.
Kenneth Obiajulu, MD, Farmcrowdy said the acquisition supports its strategy to meet the requirements necessary to process approximately 45 cattle every day for meat consumption in Lagos.
“Farmcrowdy’s acquisition of Best Foods provides a major growth opportunity for our businesses through an extended service offering for our clients,” said Emmanuel Ijewere, founder, Best Foods, who will join Farmcrowdy as a member of the advisory board.
“Farmcrowdy is Nigeria’s leading Agtech company using technology to change the way people invest in agriculture then grow the food they eat. Today, this acquisition of Best Foods L&P Limited is a major milestone for the entire team knowing that we only launched Farmcrowdy three years ago with a number of 20 and 30 year olds. I grew up learning about the impact Best Foods and Mr Ijewere had in the Agriculture space in Nigeria. We are delighted to welcome him to the Board of Farmcrowdy as we continue to grow this space together,” added Akumah.