Olam Agric., an agribusiness conglomerate in food, feed, and fiber, had a strategic meeting with the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, where the company reaffirmed its commitment to helping Nigeria achieves food security.
The minister, while speaking during the meeting, implored Olam Agric. to leverage its impressive scale with its presence in the rice, sesame, animal and fish feed, wheat milling value chains, as well as biscuit confectionery and culinary product manufacturing.
He spoke on government reforms to curb inflation, particularly food inflation, and called on agribusiness to continue deploying its scale, global expertise, and deep resources to engender wider access to quality food and nutrition for the teeming population in a bid to achieve food security.
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In his remark, the Managing Director of Olam Agric. in Nigeria, Anil Nair, noted that their commitment to driving food security is evidenced by the sprawling investments they are making to raise productivity in the rice, animal feed and protein, wheat and flour milling, sesame, and edible oil value chains.
“We consistently scale this investment as well, as we expand involvement in various out-grower programs, research and development, partnerships, collaborations, and the integration of smallholder farmers into various empowerment initiatives for the betterment of Nigeria.”
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“We are fully aligned with the ongoing fiscal reforms of the government and only seek support for an enabling policy framework and regulatory environment that will not only enable us to play our part but stimulate the development of the agricultural value chain,” he added.
The meeting, which is part of the agribusiness strategic engagements with critical stakeholders, had in attendance the Chairman of the Federal Inland Revenue Service, Zacchaeus Adedeji, and the Accountant General of the Federation, Oluwatoyin Sakirat Madein.
The latest engagement came on the heels of a courtesy visit to the Vice President of the Federation, Sen. Kashim Shettima (GCON), and a tour of the agribusiness rice farm and mill by the Honourable Minister of Agriculture and Food Security, Sen. Abubakar Kyari.
