Malnutrition is a major challenge in Nigeria, especially the North East. According to UNICEF, up to 2 Million children are affected by Severe Acute Malnutrition(SAM) leading to stunting of 43.6% of under-fives while 49.8% of women of reproductive age are anemic. The consequence of SAM is stunted growth, low IQ and poor mental development. Kosy Delite from Veekay is fully nourishing ready to eat instant meal from local rice and other cereals at affordable price. Product can potentially reduce malnutrition by 15% in 3 years. With addressable market of 20 Million households and revenue target of N1.5 Billion in first 36 months of operation, this is indeed of interest to smart investors.
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