United Arab Emirates-based retailer Lulu Group International intends to set up a sourcing and logistics facility in Nigeria to export local agricultural produce to its various operations across the GCC, India and Far East.
The plan was discussed during a meeting between President Muhammedu Buhari and Yusuff Ali, Chairman of Lulu Group at the Annual Investment Summit being held in Dubai.
Buhari urged Ali to invest in his country, saying: “Come to Nigeria and prosper and have handsome returns on your investments, within the shortest possible time.”
Ali briefed the Nigerian President about Lulu’s activities and expressed interest to work with Nigerian farmers to promote local produce and to ensure food security.
“We are also interested to sign contract farming deals with local farmers and entrepreneurs to help supply fresh vegetables and fruits to our hypermarkets worldwide,” said Ali.