Subscribe
Select a Country
  • Select a Country
  • Afghanistan
  • Albania
  • Algeria
  • American Samoa
  • Andorra
  • Angola
  • Anguilla
  • Antarctica
  • Antigua And Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahamas
  • Bahrain
  • Bangladesh
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Benin
  • Bermuda
  • Bhutan
  • Bolivia
  • Bosnia and Herzegovina
  • Botswana
  • Bouvet Island
  • Brazil
  • British Indian Ocean Territory
  • British Virgin Islands
  • Brunei
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Cape Verde
  • Cayman Islands
  • Central African Republic
  • Chad
  • Chile
  • China
  • Christmas Island
  • Cocos [Keeling] Islands
  • Colombia
  • Comoros
  • Congo [DRC]
  • Congo [Republic]
  • Cook Islands
  • Costa Rica
  • Cote d'Ivoire
  • Croatia
  • Cuba
  • Curacao
  • Cyprus
  • Czech Republic
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Ethiopia
  • Falkland Islands [Islas Malvinas]
  • Faroe Islands
  • Fiji
  • Finland
  • France
  • French Guiana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Gaza Strip
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Greenland
  • Grenada
  • Guadeloupe
  • Guam
  • Guatemala
  • Guernsey
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Heard Island and McDonald Islands
  • Honduras
  • Hong Kong
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iran
  • Iraq
  • Ireland
  • Isle of Man
  • Israel
  • Italy
  • Jamaica
  • Japan
  • Jersey
  • Jordan
  • Kazakhstan
  • Kenya
  • Kiribati
  • Kosovo
  • Kuwait
  • Kyrgyzstan
  • Laos
  • Latvia
  • Lebanon
  • Lesotho
  • Liberia
  • Libya
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macau
  • Macedonia [FYROM]
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mauritius
  • Mayotte
  • Mexico
  • Micronesia
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique
  • Myanmar [Burma]
  • Namibia
  • Nauru
  • Nepal
  • Netherlands
  • Netherlands Antilles
  • New Caledonia
  • New Zealand
  • Nicaragua
  • Niger
  • Nigeria
  • Niue
  • Norfolk Island
  • North Korea
  • Northern Mariana Islands
  • Norway
  • Oman
  • Pakistan
  • Palau
  • Palestinian Territories
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Pitcairn Islands
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Reunion
  • Romania
  • Russia
  • Rwanda
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Samoa
  • San Marino
  • Sao Tome and Principe
  • Saudi Arabia
  • Senegal
  • Serbia
  • Seychelles
  • Sierra Leone
  • Singapore
  • Slovakia
  • Slovenia
  • Solomon Islands
  • Somalia
  • South Africa
  • South Georgia and the South Sandwich Islands
  • South Korea
  • South Sudan
  • Spain
  • Sri Lanka
  • Sudan
  • Suriname
  • Svalbard and Jan Mayen Islands
  • Swaziland
  • Sweden
  • Switzerland
  • Syria
  • Taiwan
  • Tajikistan
  • Tanzania
  • Thailand
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • U.S. Minor Outlying Islands
  • U.S. Virgin Islands
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • United States
  • Uruguay
  • Uzbekistan
  • Vanuatu
  • Vatican City
  • Venezuela
  • Vietnam
  • Wallis and Futuna Islands
  • Western Sahara
  • Yemen
  • Zambia
  • Zimbabwe
Country is required
Select a Industry
  • Select a Industry
  • Analyst
  • Fund Manager
  • Press Media
  • Retail Investor
  • Government
  • Supplier
  • Financial Institution
  • NGO
  • Olam Employee
  • Other
Industry is required
Select Job Position
  • Select Job Position
  • Executive
  • Non-Executive
  • Entrepreneur
  • Senior Management
  • CEO/COO
  • CFO/CTO/CMO
  • Director/VP
  • Manager
  • Other
Job Position is required
Subscribe

Nigeria’s Federal Government Praises Strong Investment in Rice Value Chain & Corporate Social Responsibility During Visit

Corporate | Business & Product


Lagos, Nigeria

The Federal Government has praised Olam Agri in Nigeria for its significant investment in boosting agricultural output and growth in the country. Sen. Abubakar Kyari, CON, 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.

The Honourable Minister, who visited the Olam Agri Rice Farm in the company of Nasarawa State Deputy Governor Dr Emmanuel Akabe and a team of technical experts, used the occasion to flag off Olam Agri’s dry season rice harvest.  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.” 
 

Olam Agri's commitment to corporate social responsibility

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.  


As part of its impressive social investment, the business also provided solar lights for six host communities - Rukubi, Achepe, Obendo, Olegokpa, Ijiwo, and Ondori. It constructed and rehabilitated access roads to the villages. One of the roads constructed and rehabilitated by the business is the 9 km Olegokpa – Achepe – Obendo Road. 
 

Anil Nair, Country Head & Managing Director of Olam Agri

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.

Anil Nair,

Country Head & Managing Director of Olam Agri in Nigeria

Nigeria’s Federal Government Praises Strong Investment Nigeria’s Federal Government Praises Strong Investment