Veritasi Homes PLC, a premier luxury real estate development firm, and ARN Foods, a leading agricultural enterprise, have announced the establishment of a cutting-edge rice mill in ITUNU CITY, a flagship development by Veritasi Homes.

This groundbreaking project will see ARN Foods build the first state-of-the-art, privately owned rice mill within ITUNU CITY, capable of processing 192 tonnes of paddy daily. The mill is set to significantly enhance ITUNU CITY’s reputation as a dynamic economic center, creating jobs and boosting investment returns for potential stakeholders.

Mr. Quazeem Famuyiwa, Managing Director of ITUNU Series at Veritasi Homes PLC, stated, “This innovative project by ARN Foods and Veritasi Homes will propel the ongoing development of this prestigious estate.

This is simply the beginning, as we have more exciting jobs coming quickly for all ITUNU CITY financiers to benefit from.”
The rice mill’s establishment underscores Veritasi Homes’ commitment to promoting a varied and integrated community, marking a significant milestone for ITUNU CITY. It is expected to generate various employment opportunities, boost the regional economy, and align with the vision of developing an ideal blend of business and property life.

“We are positive that this partnership will support ARN Foods in developing many jobs in ITUNU CITY and contribute to the region’s total economic development. As a model community, ITUNU CITY is evolving, and ARN Foods is committed to employing sustainable practices within the rice mill,” said Nola Adetola, Founder of ARN Foods.

The tactical siting of the rice mill is a substantial milestone for ITUNU CITY, cementing its position as a dynamic financial and residential hub. The rice mill will provide task chances within the neighborhood and add to the development of Nigeria’s agricultural sector.