TGI Group and Wilmar International form $12 billion Nigeria-Benin food partnership
via Punch Nigeria2 min read
Tropical General Investments Group and Singapore-based Wilmar International have formed a new 50:50 joint venture, merging their businesses in Nigeria and the Republic of Benin. This partnership targets a market estimated at $12 billion and will combine operations across agriculture, oil palm plantations, edible oils, edible nuts, rice, food manufacturing, and distribution. The companies stated this will create one of the largest integrated food and agriculture platforms in the region. Mr. Kuok Hong, Chairman and Chief Executive Officer of Wilmar International, noted the partnership will strengthen their ability to serve the growing consumer market in Africa, particularly in Nigeria and Benin. Cornelis Vink, Founder and Chairman of TGI Group, highlighted that the deal brings together two complementary businesses focused on quality food products, leveraging Wilmar’s global scale and expertise with TGI’s local knowledge. Farouk Gumel, Vice Chairman of TGI Group, emphasized the partnership's confidence in Nigeria’s economic prospects and commitment to local investment, aiming to deepen domestic value addition, support smallholder farmers, create jobs, and contribute to Nigeria’s food security. Santosh Pillai, Wilmar’s Africa Head, described the transaction as a strategic fit, combining TGI Group’s local execution capabilities, established consumer brands, and distribution network with Wilmar’s strengths. The transaction is expected to close during the 2026 financial year, subjec
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