Tropical General Investments (TGI) Group and Singapore-based agribusiness giant Wilmar International have announced a landmark 50:50 joint venture aimed at serving a food and agribusiness market valued at more than $12 billion across Nigeria and the Republic of Benin.
The strategic partnership will combine the strengths of both companies across agriculture, food manufacturing, distribution, edible oils, rice production, oil palm plantations, and consumer food products, creating one of the largest integrated food and agriculture platforms in West Africa.
According to the companies, the new venture will bring together a portfolio of complementary businesses and brands under a jointly owned holding company. The partnership is expected to leverage Wilmar’s global expertise in palm oil, specialty fats, and food staples alongside TGI’s extensive manufacturing operations, established consumer brands, and distribution network across the region.
Wilmar International Chairman and Chief Executive Officer, Kuok Khoon Hong, described Nigeria and Benin Republic as key consumer markets in Africa, noting that the combined business would be uniquely positioned to meet the growing demand for affordable, quality food products.
He said the collaboration would contribute significantly to regional economic development while enhancing food availability and supporting agricultural value chains.
Founder and Chairman of TGI Group, Cornelis Vink, said the transaction brings together two highly complementary businesses with a shared commitment to delivering quality, locally manufactured food products.
“For more than four decades, TGI Group has built a leading position in Nigerian food manufacturing and distribution. This partnership combines Wilmar’s global scale and expertise with TGI’s local market knowledge to drive innovation and growth across Africa,” Vink said.
The joint venture’s portfolio is expected to include several well-known consumer brands across edible oils, rice, seasonings, and culinary products. The companies also indicated that, while the primary focus will be Nigeria and Benin Republic, opportunities in selected regional export markets may be explored in the future.
Industry analysts believe the partnership could strengthen food security efforts, stimulate investment in agricultural production, create jobs, and improve supply chain efficiency across West Africa.
The transaction remains subject to regulatory approvals and customary closing conditions, with completion expected before the end of 2026.
