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FCMB Inaugurates food technology startup

Hauwa Ali by Hauwa Ali
April 9, 2024
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First City Monument Bank (FCMB) has reaffirmed its commitment to sustainable manufacturing practices that minimise negative environmental impact while conserving energy and natural resources. 

This commitment was recently exemplified through the inauguration of the state-of-the-art dried fruit manufacturing plant of Nature’s Bounty Health Products Limited, a Nigerian food technology startup.

Empowering Local Communities and Protecting Farmers

Nature’s Bounty Health Products Limited, trading under the brand name ReelFruit, has been at the forefront of transforming abundant local fruits such as mangoes, coconuts, and cashews into healthy snacks. By doing so, they prevent post-harvest wastage and protect farmers from revenue loss. The company’s purpose-driven approach focuses on social impact and supporting underserved communities.

Read also: FCMB wins excellence in FinTech award at Finnovex summit

The newly inaugurated 800-metric-ton manufacturing plant in Abeokuta marks a significant milestone for Nature’s Bounty Health Products. Previously producing 6 metric tons of dried fruit products monthly, the expanded capacity now allows them to increase production to an impressive 30 metric tons per month. This boost in output not only meets growing consumer demand but also creates over 200 jobs in the local community.

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A Positive Symbol for Nigeria’s Business Landscape

Affiong Williams, Founder and CEO of Nature’s Bounty Health Products, expressed her unwavering belief in Nigeria’s agricultural and manufacturing potential. “This facility is more than just bricks and mortar,” she stated. “It embodies our commitment to ‘Made in Nigeria’ products, sustainable practices, and large-scale impact. With this factory, we are not only serving customers nationwide but also exporting our products globally. We are creating jobs, supporting farmers, and proving that business success can align with positive social and environmental outcomes.”

FCMB’s Vision of a Sustainable and Inclusive Nigeria

Mrs. Yemisi Edun, Managing Director of First City Monument Bank, emphasised FCMB’s unwavering support for businesses that share their vision of a sustainable and inclusive Nigeria. “Nature’s Bounty Health Products and its brand ReelFruit exemplify the kind of partnership that drives positive change,” she said. “By financing this manufacturing plant, FCMB contributes to job creation, economic growth, and environmental stewardship. Together, we are building a brighter future for Nigeria’s business landscape—one that benefits both people and the planet.”

As the dried fruit industry continues to thrive, Nature’s Bounty Health Products and FCMB stand as champions of sustainable manufacturing, proving that business success and environmental responsibility can go hand in hand.

About Nature’s Bounty Health Products

Nature’s Bounty Health Products Limited, trading under the brand name ReelFruit, is a purpose-driven Nigerian food technology startup that has captured hearts and taste buds alike. Let’s delve into the juicy details of this remarkable venture.

Read also: Nigerian banks earn N192 billion in digital transactions

Nature’s Bounty Health Products is on a mission to transform abundant local fruits—think mangoes, coconuts, and cashews—into wholesome snacks. By doing so, they tackle two critical challenges: post-harvest wastage and farmer revenue loss. Their commitment to sustainability and social impact sets them apart.

Nature’s Bounty Health Products’ recent inauguration of an impressive 800-metric-ton dried fruit manufacturing plant in Abeokuta, Ogun State, Financed by First City Monument Bank (FCMB), signifies their dedication to large-scale production and environmental responsibility.

Affiong Williams, Founder and CEO of Nature’s Bounty Health Products, sees beyond the factory walls. “This facility is more than just bricks and mortar,” she declares. “It embodies my unwavering belief in Nigeria’s agricultural and manufacturing potential. With this factory, we are scaling our dried fruit production to serve customers nationwide, export ‘Made in Nigeria’ products globally, and transform agribusiness. We are creating jobs, supporting farmers, and proving that large-scale impact is achievable. This facility is a positive symbol for Nigeria’s business landscape for generations to come.”

Tags: FCMB
Hauwa Ali

Hauwa Ali

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