Julius Berger Plc has announced the leasing of its cashew nut processing facilities to Eko Organic Food Industries Limited, to strengthen its focus on core construction projects while sustaining value from the agricultural sector.

The decision, approved by the company’s Board of Directors at its September 24, 2025, meeting, marks a shift in Julius Berger’s diversification programme. 

The lease agreement, set to be executed on mutually agreed-upon terms, positions Eko Organic, an agro-processing company, as the new operator of the facility.

According to Julius Berger, the arrangement will enable it to retain its relevance in agriculture while maintaining its lead in construction. 

The company emphasised that the realignment ensures it can capture opportunities in agro-processing without losing sight of its leadership role in infrastructure delivery.

“The goal of the Board of Directors and Executive Management remains to maintain and strengthen the company’s competitive advantage in construction and any other sectors it ventures into,” Julius Berger said in a statement to the market.

With the cashew subsector contributing significantly to Nigeria’s non-oil export drive, industry watchers see the lease as a win-win for both companies. 

Eko Organic gains capacity to expand its agro-processing footprint, while Julius Berger consolidates resources to meet rising infrastructure demands nationwide.

Source: HallMark News

Image Credit: Julius Berger