The Managing Director of Rite Foods Limited, Seleem Adegunwa, has been named Industrialist of the Year by Vanguard Media Limited, in recognition of his leadership and the company’s impact on Nigeria’s fast-moving consumer goods sector.
The award was presented at a ceremony held at the Eko Hotel and Suites Convention Centre on April 24, 2026, attracting business leaders, policymakers, and industry stakeholders.
Under Adegunwa’s leadership, Rite Foods has emerged as a major player in the FMCG space, driving competition through innovation, product quality, and accessibility.
The company has introduced new product formats and built strong consumer-focused brands that have reshaped market dynamics.
The recognition aligns with the ideals of World Creativity and Innovation Day, themed “Recreating Tomorrow Today,” reflecting the company’s emphasis on innovation and forward-thinking strategies.
Speaking at the event, Vanguard Editor Eze Anaba commended Adegunwa’s role in expanding the company’s footprint, strengthening distribution networks, and fostering a culture of continuous innovation.
He noted that the company’s growth has generated employment opportunities across its value chain.
Receiving the award on his behalf, the Head of Corporate Affairs and Sustainability at Rite Foods, Ekuma Eze, described the recognition as validation of the company’s mission to redefine the industry through locally driven excellence.
He said the honour reflects the company’s commitment to delivering innovative products that resonate with consumers while demonstrating that Nigerian firms can compete at the highest level.
Rite Foods’ growth has been driven by a range of products, including its Bigi carbonated soft drinks, Fearless Energy Drink, and Sosa Fruit Drink, which have gained traction in the market through affordability, variety, and innovation.
Beyond manufacturing, the company has also strengthened its presence through strategic consumer engagement, including sponsorship of the Nigerian Idol talent show, supporting creative development and youth empowerment.
With a state-of-the-art production facility in Ososa, Rite Foods continues to position itself as a leading indigenous company driving innovation, growth, and competitiveness in Nigeria’s FMCG sector.
