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Olam announces N300m investment to set up community seed enterprises to increase wheat production in Nigeria

The Editor by The Editor
November 1 2021
in Business
A A
0
Olam to speed innovation to address global food security

Olam, and its subsidiary Crown Flour Mill Limited (CFM), have launched a N300 million (US $750,000) 10-year project to set up community seed enterprises for Nigerian farmers to increase their production of wheat.

This wheat value chain project will strengthen agricultural production in northern Nigeria’s wheat farming belt and underlines Olam’s commitment to supporting the country’s goal of achieving self-sufficiency in food production.

The project will trial new heat-tolerant varieties of wheat and improved agronomic practices using a participatory approach that directly engages farmers. It will also engage at least 10 female farmers’ associations to become true drivers of change for their communities by training women to lead community-based seed enterprises. These enterprises will produce and make available high value seed to farmers in their local communities.

The female farmers’ associations will be trained on the most advanced agronomic practices for wheat cultivation so these can provide valuable advice to local growers.

Periodic feedback sessions will be scheduled between the women farmers, the research organisations and the value chain stakeholders on the status of cultivation to identify areas for change and innovation.

This simple concept of “seeds and thoughts” is aimed at facilitating the adoption of new technologies and increasing economic opportunities for rural women.

Commenting on the launch of the project, Ashish Pande, Managing Director of CFM: said, “In order to ensure the long-term viability of the wheat sector in Nigeria, it is critical to identify and support the development of high-yielding local wheat varieties. This project will further stimulate the federal government’s drive towards the attainment of economic growth, the country’s agricultural research capabilities, employment generation, community development and the economic empowerment of women in Nigeria.”

This wheat value-chain project is the outcome of extensive high-level consultations with key stakeholders, following the successful inaugural Olam Green Land Webinar Series held in March. It will involve a partnership with key stakeholders including the Lake Chad Research Institute (LCRI), and Dr Filippo M Bassi, Senior Scientist, Durum Wheat Breeder of the International Center for Agricultural Research in the Dry Areas (ICARDA).

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R-L: Managing Director, Nigeria LNG Limited, Dr. Philip Mshelbila; Managind Director, Shell Nigeria Gas and President, Nigeria Gas Association, Mr. Ed Ubong; Managing Director, Shell Nigeria Exploration and Production Company Limited, Mrs. Elohor Aiboni; and Chief Energising Officer, Consistent Energy Limited, Mr. Segun Adaju, at the panel session on _Future of Clean Energy Transition and the Industrial Development Imperative_ of the just-concluded 27th edition of the Nigeria Economic Summit in Abuja… on Tuesday.

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