Bank of Industry, RMRDC partner to curb post-harvest losses, boost onion processing in Nigeria 

The Director-General of RMRDC, Prof. Nnayelugo Ike-Muonso, confirmed the partnership on Wednesday during a courtesy visit to the Managing Director/CEO of the BoI, Dr. Olasupo Olusi, in Lagos.

Ike-Muonso explained that the visit aimed to explore collaborative opportunities in onion processing and export, describing the partnership with BoI as a strategic step toward transforming Nigeria’s onion industry.

He noted that the collaboration would focus on establishing a facility to process surplus fresh onions into high-value flakes and powder for both domestic consumption and export.

According to him, developing the onion value chain would be a major boost for Nigeria and could also encourage investment in other raw materials with high market value, such as jute bags.

He noted that the establishment of an onion processing facility aims to harness the abundance of onions cultivated in Nigeria, which often suffer post-harvest losses of over 50% due to inadequate preservation, lack of processing infrastructure, and poor market access.

“The proposed onion processing facility is expected to not only minimize waste but also create jobs, support industrial growth, and advance national objectives for agricultural industrialization,” he said.

According to him, the proposed facility would also enhance food security and position Nigeria as a key player in the global onion value chain.

Dr. Olasupo Olusi, Managing Director of BoI, expressed optimism and a strong willingness to collaborate with RMRDC.

It focuses on promoting the development and optimal utilization of Nigeria’s vast industrial raw materials, fostering sustainable industrial growth.

BOI is a leading development finance institution, with the mission to transform Nigeria’s industrial sector by providing financial and business support.