Extractive Industry

Ire Clay Products Limited

NFD successfully acquired a majority of 60% ownership in Ire clay products limited.

Ire clay products limited was formerly owned by the Ekiti state government and Odua Investments Company limited and was operating at less than 10% of its capacity before NFD acquired a major stake in it.

With NFD’s turnaround intervention, Ire Clay is projected to do over ₦2.5 Billion in revenue by 2025. NFD’s intervention will make Ire clay productsa major contributor to Ekiti state’s economic growth and development.