The Managing Director of Rite Foods Limited, Seleem Adegunwa, has been honoured as Industrialist of the Year by Vanguard Media Limited, in recognition of his leadership and the company’s transformative impact on Nigeria’s fast-moving consumer goods (FMCG) sector.
The award was presented at a ceremony held at the Convention Centre of Eko Hotel and Suites on April 24, 2026, attracting top business leaders, policymakers, and industry stakeholders.
Under Adegunwa’s leadership, Rite Foods has disrupted the FMCG landscape through innovation, quality products, and strong market positioning. The company has introduced distinctive brands and formats that have reshaped consumer expectations and intensified competition within the sector.
Speaking on the recognition, Vanguard Editor Eze Anaba commended Adegunwa’s strategic vision, noting that Rite Foods’ growth has driven nationwide distribution expansion and created employment opportunities across its value chain.
Receiving the award on his behalf, Head of Corporate Affairs and Sustainability, Ekuma Eze, described the honour as a validation of the company’s commitment to innovation and excellence. He noted that Rite Foods remains focused on delivering high-quality, consumer-driven products while competing at global standards.
The company’s success has been driven by flagship brands including Bigi soft drinks, Fearless Energy Drink, and Sosa Fruit Drink, which have gained strong market acceptance through affordability, taste, and innovation. Its engagement in entertainment, particularly sponsorship of Nigerian Idol, has also strengthened its cultural connection with consumers.
With a state-of-the-art manufacturing facility in Ogun State and a forward-looking strategy, Rite Foods continues to position itself as a leading force in Nigeria’s consumer goods industry.