Dr. Tokunbo Oguntuga, Managing Director and CEO of Fabulous Foods, says Nigeria’s Fast-Moving Consumer Goods (FMCG) sector continues to show resilience despite inflation, foreign exchange challenges, rising production costs, and shifting consumer behaviour.
He made this known during an interview on Trade FM’s Ask the expert segment, where discussions focused on the prospects and future of FMCG enterprises in Nigeria’s growing economy.
Dr. Oguntuga, a farmer, entrepreneur, and lecturer, explained that his move from primary farming into value-added food production was driven by the need to improve efficiency and create more sustainable food systems.
He noted that managing both farming operations and FMCG production requires proper financial planning and strong brand loyalty built through consistent quality and trust.
According to him, the sector still offers significant opportunities for investors, manufacturers, distributors, and entrepreneurs who are willing to innovate and adapt to market demands.
Dr Tokunbo Oguntuga added that despite current economic pressures, FMCG businesses in Nigeria remain positioned for long-term growth if stakeholders maintain quality, improve operations, and strengthen value chains.
