NIGERIA – Opportunik Global Fund has introduced a US$1 million Private Credit Fund aimed at supporting chefs and food entrepreneurs in scaling their businesses.
Launched at the recent Nigeria Food Summit 2025, held in Lagos, Kola Oyeneyin, CEO of Opportunik Global Fund, highlighted Nigeria’s potential in the global food industry, emphasizing the country’s rich culinary heritage and the increasing international demand for its cuisine.
The Nigeria Food Summit, now in its second edition, builds upon its inaugural event held in November of the previous year. The summit aims to bridge gaps in the food value chain by fostering collaboration among farmers, chefs, food tech innovators, and industry stakeholders.
In his address, Oyeneyin identified key challenges impeding growth, including limited access to capital, inadequate storage and logistics infrastructure, and regulatory constraints.
To address these challenges, Oyeneyin announced the launch of the Private Credit Fund, designed to provide affordable financing to chefs and food entrepreneurs seeking to expand their operations.
The fund will employ a structured selection process, led by Chef Gbolabo Adebakin (Chef Gibbs), convener of the Nigeria Food Summit, to identify high-potential businesses.
A distinctive feature of the fund is its collective accountability framework. Borrowers will be part of a community that guarantees one another, ensuring shared responsibility for loan repayments.
As successful ventures emerge, the fund is expected to grow, providing further support to the industry.
Opportunik Global Fund, under Oyeneyin’s leadership, focuses on creating investment opportunities that bridge gaps in various sectors. The introduction of this Private Credit Fund aligns with the organization’s mission to support entrepreneurial growth and economic development.
The Nigeria Food Summit 2025 served as a platform for stakeholders to deliberate on strategies to enhance the country’s food industry.
Discussions centered on strengthening the food supply chain to minimize waste and improve market accessibility. The unveiling of the Private Credit Fund represents a concrete step toward addressing some of the challenges identified during the summit.
