According to a notice sent to the Nigerian Stock Exchange (NSE) on Thursday by the management board of Julius Berger, this notice was confirmed by Cecilia Madueke the company’s secretary as she made it also known that the diversification was due to recent developments in the country.
The notice further reads:
“We have severally advised the market that Julius Berger will be looking into diversification opportunities, based on the emerging developments, political, economical and structural in Nigeria and the resultant reforms by the governments.
“We would advise the exchange and the capital market that the board of Julius Berger at its meeting held on September 22, 2020, approved a diversification opportunity for the company in agro-processing.”
It said the diversification will support its success in the future and align with the government’s strategic objective of stimulating value creation in Nigeria.