Firm urges value-addition to boost Ondo economy
CapitalSage Holdings suggests that Ondo State should focus on value addition and agricultural industrialization for economic growth.
CapitalSage Holdings, an investment company, has emphasized the importance of value addition and agricultural industrialization as vital strategies for the economic development of Ondo State. During the recent 2026 Ondo Investment Summit held in Akure, the Group Managing Director, John Alamu, highlighted the need for investors and policymakers to prioritize large-scale processing, manufacturing, and the development of an integrated value chain to ensure sustainable economic growth. He mentioned that these strategies are key to transforming Ondo’s agricultural potential into a robust industrial economy.
Alamu pointed out that Ondo State is well-positioned with significant agricultural resources, strategic geographical advantages, and a workforce capable of supporting industrialization. However, he cautioned that the prosperity of the state hinges on the level of investment made to convert raw agricultural products into more valuable goods. He advocated for a shift toward investments that enhance the value of agricultural output, arguing that this will ultimately lead to long-term economic benefits and stability for the region.
The comments come at a pivotal moment as Ondo State seeks to bolster its economy amidst various challenges. By encouraging investment in value-added processes, CapitalSage Holdings believes that the state can not only increase its economic output but also create jobs and improve living standards for its citizens. The call for a more integrated approach to agriculture and industrial development could signal a turning point in the state's efforts to reach its full economic potential.