Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»FG, Olam Agri discuss agricultural investments to boost agribusiness growth in Nigeria 
    Commodities

    FG, Olam Agri discuss agricultural investments to boost agribusiness growth in Nigeria 

    February 24, 20253 Mins Read


    Olam Agri, a leading agribusiness company, has engaged in discussions with the Federal Government to explore strategic investments aimed at boosting the country’s agricultural sector.

    This was disclosed in a statement posted on X (formerly Twitter) by the Federal Ministry of Finance on Monday.

    In a recent meeting with the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, Mr. Anil Nair, Managing Director of Olam Agri, a subsidiary of the Saudi Agricultural and Livestock Investment Company (SALIC) and a leading player in Nigeria’s agribusiness sector, outlined the company’s commitment to leveraging emerging prospects in Nigeria’s evolving agricultural landscape.

    According to the Federal Ministry of Finance, “The discussions focused primarily on business-aligned initiatives, including increased investment in fertilizer production, expanded irrigation support, and the development of processing facilities to boost local value addition. These investments are expected to enhance agricultural productivity, drive down food prices through improved supply chains, and stimulate agribusiness growth.”

    Expanding Investments for Food Security and Economic Growth 

    Olam Agri aims to deepen its investment in infrastructure that will enhance agricultural productivity and strengthen the agribusiness value chain. By prioritizing fertilizer production and irrigation expansion, the company seeks to improve farm yields, reduce dependence on imports, and drive down food prices through enhanced supply chains.

    Furthermore, the establishment of processing facilities will not only increase local value addition but also create new job opportunities, fostering economic resilience within the sector. This aligns with the Nigerian government’s broader objective of promoting self-sufficiency in food production and reducing post-harvest losses.

    FG’s Commitment to a Conducive Business Environment 

    During the meeting, Honourable Minister Wale Edun reaffirmed the government’s commitment to facilitating private sector investments by creating a more conducive business environment. He acknowledged Olam Agri’s role in strengthening Nigeria’s food security and agribusiness ecosystem, noting that the company’s strategic contributions align with President Bola Tinubu’s broader economic diversification agenda.

    The government, through policy frameworks and infrastructure development, is working to support agribusinesses by constructing rural farm roads, establishing strategic grain reserves, and enhancing access to credit for farmers. These initiatives, in tandem with private sector investments, are expected to drive long-term agricultural sustainability in Nigeria.

    Strengthening Public-Private Partnerships for Sectoral Growth 

    As part of its long-term strategy, Olam Agri is looking to collaborate with both federal and state governments, as well as local farming communities, to develop innovative solutions tailored to Nigeria’s agricultural needs. By forging stronger public-private partnerships, the company aims to facilitate knowledge transfer, promote best agricultural practices, and improve market access for smallholder farmers.

    With Nigeria’s agricultural sector facing challenges such as climate change, inadequate infrastructure, and fluctuating commodity prices, strategic investments from companies like Olam Agri are crucial in mitigating these risks and driving sectoral growth.


    Follow us for Breaking News and Market Intelligence.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    cette découverte pourrait permettre de doubler la durée de vie des voitures électriques

    Commodities

    Journée «portes ouvertes» au centre de formation des Bâtisseurs

    Commodities

    Vivo Energy Maroc dévoile sa station-service Shell, certifiée HQE ‘Excellent’

    Commodities

    A Powys woman has been chosen for this year’s Royal Welsh Agricultural Society’s Rural Leadership Programme

    Commodities

    Couvy Rock Festival, du punk et du métal!

    Commodities

    La Banque agricole de Chine vend 50 milliards de yuans d’obligations à date indéterminée

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Stock Market

    Johnson Electric Holdings And 2 More Top Picks

    Investments

    Philippe Zaouati: «La défense, un défi pour la finance à impact»

    Cryptocurrency

    Trump is going to create a cryptocurrency reserve. Here’s how that would actually work

    Editors Picks

    Proud Real Estate Public Company Limited approuve les nominations au conseil d’administration

    April 23, 2025

    Stripe and Bitstamp Team Up to Simplify EU Crypto

    August 7, 2024

    Is Cardano (ADA) The Undying Cryptocurrency?

    March 28, 2025

    Commodities Prices in India: Today’s Rates (May 15): Rediff Moneynews

    May 15, 2025
    What's Hot

    Taux : T-Bonds peu affectés par la chute de confiance aux US

    March 25, 2025

    Kinross Gold annonce le renouvellement de l’offre publique de rachat dans le cours normal des activités -Le 19 mars 2025 à 22:03

    March 19, 2025

    Mac Copper Outlook 2025 For CSA Copper Mine Production Of 43,000 – 48,000 Tones (en anglais seulement) -Le 24 février 2025 à 12:38

    February 24, 2025
    Our Picks

    Ripple Expands Into Digital Asset Custody, Targeting Banks and Fintech – Blockchain News, Opinion, TV and Jobs

    October 10, 2024

    Fintech, quel est le bon moment pour s’affranchir du BaaS ?

    March 18, 2025

    What’s happening to house prices?

    March 25, 2025
    Weekly Top

    SEC Dismisses Lawsuit against Binance

    May 31, 2025

    Artemis Gold Inc. annonce l’ouverture officielle de la mine Blackwater

    May 31, 2025

    India’s Digital Payment Surge: Currency and Convenience

    May 31, 2025
    Editor's Pick

    Banan Real Estate Unit renouvelle le contrat de l’atelier de location -Le 22 janvier 2025 à 06:40

    January 21, 2025

    L’AFFO de Vital Healthcare Property Trust en baisse pour le trimestre clos en mars

    May 7, 2025

    Retirement ceremony set for Broken Arrow Police Chief Brandon Berryhill on Oct. 25

    October 24, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.