Ayoola Foods Ltd was founded by Engr. Segun Emmanuel Olaye, who is the Managing Director/Chief Executive Officer. He bagged his Masters Degree at Odessa Engineering Institute in 1984 in the former Soviet Union, now Ukraine. During his six-year stay abroad, he missed a lot of African delicacies which was not available then in Odessa, USSR. This led to conception of Ayoola Foods Ltd in 1991 and was registered as Food processing, Packaging, Marketing and Consulting Company.
The company commenced business with few products, today we have wide range of products which include Poundo Yam, Yam Flour, Cassava Flour, Plantain Flour, Beans Flour, Brown Beans and Cassava Fufu among others. All our products are duly registered by National Agency for Foods and Drugs Administration and Control (NAFDAC).
All our products were initially exported to the U.K, USA, Canada, Australia and other countries. This lasted till July 2004. In August 2004, the company decided to promote its products in domestic market. The introduction of its brand, Ayoola Poundo Yam recorded remarkable success, increasing its market share in subsequent years. The brand has now become a household name in Nigeria.