FG lauds Olam Agri’s strong investment in rice Value Chain, CSR

Sen. Abubakar Kyari, the Minister of Agriculture and Food Security, commended the company during his inspection of their integrated Rice Farm and mill in Nasarawa state on March 28, 2024.

This visit followed a recent courtesy call on the Minister and the Vice President by Olam Agri’s top management, where the company expressed interest in expanding its partnership with the Federal Government to enhance agricultural productivity further.

He commented on his satisfaction with the business’ innovative approach to raising agricultural productivity, “I was particularly impressed by Olam’s commitment to leveraging mechanisation and technology-driven farming methods across their 13,500-hectare fully integrated rice farming operations.

“With a paddy milling capacity of 210,000 metric tons, they have demonstrated significant strides in agricultural productivity. Over 4,000 hectares have been cultivated, yielding an impressive 4.3 tonnes of rice per hectare.”

Additionally, the Minister commended Olam Agri’s commitment to corporate social responsibility, citing their engagement with over 35,000 out-growers, investment in scholarships for youths, provision of learning infrastructure, hiring of qualified teachers to deliver academic excellence across the communities and their paid flood response and support for at least 3,523 residents from 10 different communities.

Speaking about the facility tour, Anil Nair, Country Head & Managing Director of Olam Agri in Nigeria, thanked the Honourable Minister and his team of experts.

He said, “We are thrilled by the Honourable Minister’s visit to our Rice Farm and mill. This visit has reinforced our support for the Nigerian government’s renewed hope agenda and our readiness to engage with critical agricultural stakeholders to keep driving productivity and sustainable growth.”

“As a business, we prioritise captive supply through large-scale farming practices. In the rice value chain, for instance, we continue to invest in R&D to scale the introduction of germplasm as part of a breeding program targeted at improving the yield potential of the current seed varieties while developing new varieties which adapted well to local soil and weather conditions and can withstand major environmental threats.

“We maintain stringent quality control while fostering an out-growers model that provides preferential access to seeds, training, and rates for many farmers while benefiting households, communities, cooperatives, and women. This visit will further deepen our partnership with the federal government and impact the investment landscape,” he added.