Cavista Expands into Energy and Mining to Boost Food Security, Jobs, and Economic Growth

Cavista Holdings has unveiled plans to expand into Nigeria’s energy and mining sectors as part of its broader strategy to strengthen food security, create income opportunities, and drive economic growth.

The announcement was made during a gala event in New York, on the sidelines of the 80th Session of the United Nations General Assembly, in partnership with the Corporate Council on Africa and the Nigeria Governors’ Forum. The gathering aimed to attract more foreign direct investment into Nigeria and support President Bola Tinubu’s Renewed Hope Agenda.

Chairman of Cavista Holdings and the Corporate Council on Africa, Niyi John Olajide, highlighted Nigeria as a “present-day frontier of value creation,” noting that the country’s vast potential requires targeted investment to generate sustainable economic impact.

“Nigeria is not only a future market. It is the present-day frontier of value creation and impact,” Olajide said. “At Cavista Holdings, our mission is clear: to create value, transform lives, and generate employment across the nation.”

Cavista’s current flagship investments already contribute to food security and income generation. Agbeyewa Farms, Africa’s largest cassava farm, supplies essential food commodities while providing employment and income for local communities. Cavista Technologies and Payzeep are advancing Nigeria’s digital economy, while the transformation of Ikogosi Warm Springs Resort demonstrates the company’s commitment to sustainable economic development through tourism and hospitality.

The planned expansion into energy and mining will further diversify Cavista’s portfolio, opening new avenues for income generation, infrastructure development, and industrial growth, which are crucial to strengthening national food systems and economic resilience.

The gala attracted private sector investors, international finance leaders, and top government officials, including Vice President Kashim Shettima, represented by the Minister of Education, Dr. Tunji Alausa. Shettima noted that recent fiscal reforms under the Tinubu administration are attracting investments and empowering the private sector to play a larger role in Nigeria’s economic growth.

Other dignitaries present included Lagos State Governor Babajide Sanwo-Olu, Niger State Governor Mohammed Umar Bago, Zamfara State Governor Dauda Lawal, Emir of Kano Muhammad Sanusi II, and the Deputy Governor of Cross River State, Peter Odey, among several federal ministers.

Olajide reaffirmed Cavista’s commitment to the Renewed Hope Agenda, emphasizing that all investments are designed to create jobs, strengthen food security, and enhance economic growth across Nigeria, ensuring that the company’s expansion translates into tangible benefits for communities and the nation at large.