Folay Industries FZE has launched a new line of cereals made from locally sourced raw materials in an effort to promote industrialization, food sustainability, and export growth.

In a statement released on Sunday, the company, which claims to be Nigeria’s first fully indigenous cereal manufacturing firm and is based in the Lekki Free Zone, outlined its mission to convert the nation’s agricultural resources into finished products that meet international quality standards.

“We are not just producing cereals; we are promoting Nigeria’s agricultural wealth and contributing to the economy. Our vision aligns with the national drive for food sufficiency, sustainability, and export readiness, ensuring Nigerian products take their rightful place across African markets,” said Managing Director of Folay Industries FZE, Mr. Yele Oladunni, in the statement.

The company’s business model is designed to empower local communities and stimulate economic growth.

“By sourcing ingredients domestically, Folay Industries creates a ripple effect that boosts the livelihoods of Nigerian farmers and strengthens the nation’s agro-industrial base. At the core of Folay Industries’ strategy lies its commitment to sustainability and innovation. By working closely with local farmers, the company ensures a steady supply of high-quality raw materials while promoting environmentally responsible farming practices,” the statement added.

Oladunni highlighted that the company’s production approach focuses on consumer health and wellness, blending modern manufacturing techniques with stringent quality control to deliver safe, nutritious, and affordable products.

He emphasized that by prioritizing sustainability, promoting local content, and fostering partnerships with Nigerian farmers, Folay Industries FZE is not just producing food products—it’s shaping the future of Nigeria’s agricultural sector.

Additionally, Folay Industries aims to extend its market reach across Africa. By leveraging its status as an indigenous pioneer in locally made cereals, it seeks to demonstrate that Nigerian products can compete successfully on the international stage.