FoodCo Nigeria Limited, a diversified consumer goods company with interests in retail, fast food and manufacturing, has announced the opening of its latest store in Akobo, Ibadan, Oyo State.
This extends the brand’s footprints as the largest retail supermarket chain in the capital, with a total of seven outlets across the city.
Founded in 1982 as a stall for high-quality fresh foods, FoodCo has grown to become a one-stop shop for consumer goods, including a supermarket division, restaurant chain and bakery.
It is currently the largest supermarket chain in Oyo State and second in the Southwest, outside of Lagos, while the restaurant and bakery chain is the biggest and longest running in the city.
Besides, the company’s Sunfresh Bread is the most popular loaf brand in Ibadan.
At the opening of the new outlet, the company’s Executive Director Ade Sun-Bashorun said the FoodCo brand is closely knit with the social life of Ibadan and shares a rich history with many of its customers, spanning across generations.
He said: “The longevity of our business is in our excellent service delivery, which has allowed us to serve generations of our customers’ families. Some of our customers grew up shopping here with their parents and, today, their own children are also here socialising while shopping on the supermarket’s aisles or eating at the restaurant’s section.
“In keeping with the FoodCo tradition, the new outlet comprises a fast food restaurant and a supermarket section which stocks high-quality products, including groceries, fresh and frozen foods, toiletries, health and beauty products, household items, furniture, books and stationery.
“All our outlets have dedicated beauty sections manned by trained consultants.”
In 36 years of operation, the FoodCo brand is entrenched in the community life of Ibadan with supermarkets and fast food outlets strategically spread across the city and in close proximity to customers. The brand is a key figure in the local retail ecosystem as it serves as a trusted and effective access to the market channel for both local industries and small business.
With over 350 staff in its employ, the company is making major contributions to the economy of Oyo State in the areas of job creation and human resource development. FoodCo currently ranks among the Top-10 national leading supermarket chains in Nigeria according to a listing by National Consumer Brands.
Dignitaries at the launch include representatives from Cadbury Nigeria, Unilever, Reckitt Benckiser and Coca-Cola.