Agritech Startup, Raedial Holdings expands its operation to Lagos, Nigeria. Raedial is a holding company with subsidiaries in the agricultural, finance, and hospitality sector.
Consisting of a group of companies that have been in existence for over a decade, Raedial has an employee base of over 600 staff.
It has farms in Benin and Port Harcourt totaling about 2000 hectares of land. Activities done on the farm include livestock farming and palm plantation farming amongst others.
The startup hosted industry stakeholders and clients at the official launch which took place on the 18th of November 2022 at the office at Lekki Phase 1.
Read Also: Nigeria’s GDP Increased By 2.25% In Q3 2022
Raedial Holdings Comment On The Expansion
The Managing Director, of Raedial Holdings, Uwadiale Agenmonmen, said the company moved its head office to Lagos to expand the scope of its operations.
The expansion is also to explore opportunities in Nigeria’s commercial capital. He however assured the stakeholders and clients of an inevitable success in its newfound territory. He said;
“At Raedial Holdings, we are seeking to build a network of trusted services across different sectors. We have maintained a track record of excellence in our other businesses such as Raedial Farms, Raedial Foods, Raedial Energy, and The Magnificent Multiservices.”
“We are glad to host our clients and stakeholders at our official launch. Operations have already begun and we have also been selling properties in Lagos through The Magnificent”. He added,
Deputy Managing Director of Raedial Holdings Limited, Claris Agenmonmen sharing her view said,
“It is exciting to expand our real estate operations to Lagos considering the sector’s contribution to Nigeria’s GDP. Relevant systems and structures are being put in place to ensure that we consistently deliver to our clients within the time frame promised.”
“We will be launching our next developing product, Raedial Paragon soon, and assuredly, this will be the first of many profitable investments in Lagos with existing clients and prospects”. She added.
Conclusion
Considering Nigeria’s GDP, the scarcity of fuel, poor electricity, and unnecessary and insensitive business rules, we however hope they survive and do not leave the country like SweepSouth.
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