Valency Agro secures N13bn to boost export expansion

Valency Agro Nigeria Limited has taken a significant step in enhancing its position as one of Nigeria’s leading agro-processing and export companies by completing a N13bn Commercial Paper issuance, approved by the Securities and Exchange Commission.

This issuance is part of a larger N40bn CP Programme and has experienced an 18 per cent oversubscription, attracting strong interest from institutional investors in Nigeria, according to a statement from the firm on Thursday. This reflects a growing confidence in agriculture as a long-term value driver and in Valency’s proven track record of successful delivery.

The notes, with tenors of 270 and 360 days, are supported by credit ratings from Global Credit Rating Company and DataPro, which highlight Valency’s operational resilience and disciplined capital management. By opting for commercial paper instead of traditional bank loans, the company demonstrates both agility and foresight, effectively seizing market opportunities while maintaining control over its strategic direction.

The proceeds from this issuance will be used to expand agro-processing facilities for cashew, soybean, cocoa, and sesame, as well as to strengthen the supply chain infrastructure that connects smallholder farmers with global markets. Additionally, these funds will support working capital needs to meet the growing demand for exports and promote sustainable practices that create jobs, improve rural livelihoods, and contribute to national food security.

Speaking on this achievement, the Country Head of Valency Agro Nigeria Limited, stated, Trilochan Ojha, “The successful N13bn issuance marks a defining moment for Valency Agro Nigeria. It reaffirms the trust that institutional investors have in our vision to build a stronger, globally competitive agricultural value chain from Nigeria. Our goal is clear: to create sustainable value for all stakeholders—farmers, employees, investors, and communities.”

Echoing this sentiment, the Chief Finance Officer, Africa, Valency Agro Nigeria Limited, Amit Bose, added, “The 18 per cent oversubscription of our Series 13 and 14 Commercial Paper is a strong endorsement of Valency Agro Nigeria’s financial strength, governance, and disciplined capital management. Importantly, the proceeds will enhance our working capital to meet the rising export demand. This positions Valency for continued growth while delivering measurable impact across the agricultural ecosystem.”

Ukandu Ukandu, Managing Director of FirstCap Ltd, the lead issuing house on the transaction, remarked, “Valency continues to exemplify resilience and strategic excellence in the Nigerian capital markets. Their consistent performance and forward-looking approach make them a standout player in the industry. At FirstCap, we are proud to be a trusted partner in their growth journey, and we remain committed to supporting their ambitious vision.”

In recent years, Valency Agro Nigeria has expanded its presence in the country by establishing a supply-chain complex in Ibadan, laying the groundwork for a world-class processing plant in Oyo State, and launching an industrial park aimed at enhancing Nigeria’s agro-exports.

Supported by global partnerships and international certifications, the company has been instrumental in positioning Nigeria as a competitive player in the global agricultural market while creating job opportunities and improving the livelihoods of farmers.

With this achievement, Valency Agro Nigeria Limited is not only raising capital but also reaffirming its commitment to fostering a stronger agricultural future for Nigeria and beyond.