Following the Federal Authorities’s ongoing drive for meals sufficiency in Nigeria by combating meals wastage by way of the silo concession revitalisation programme, Flour Mills of Nigeria (FMN) has emerged as the one personal firm to have met all circumstances and is performing optimally.
The revitalisation programme by the Minister of Agriculture and Meals Safety, Senator Abubakar Kyari, is a transformational mission consistent with the 2017 silos concession mission by the FG by way of the Infrastructure Concession Regulatory Fee (ICRC). The programme conceded about 22 out of 33 silo complexes throughout the nation to the personal sector, to make sure grain availability and affordability nationwide.
In an announcement issued by the ministry’s Head of Data, Mr. Ezeaja Ikemefuna, Kyari stated, ‘’Out of the 17 silo complexes conceded to 5 personal corporations, solely Flour Mills of Nigeria, which operates three silo complexes underneath three separate Particular Function Autos (SPVs), has met all circumstances and is performing optimally.”
Talking on FMN’s over six a long time of unwavering dedication to feeding and enriching the Lives of thousands and thousands of individuals each day, the Group CEO, Mr. Boye Olusanya, stated, “FMN is greater than a Firm to Nigeria but in addition a powerful ally in development and improvement. For over six a long time, the Group has been a supply of livelihood for thousands and thousands of Nigerian households by offering each direct and oblique employment. And greater than every other enterprise within the nation, we have now guarded our nationwide heritage with belief, guaranteeing that our actions are sustainable for the nation, the atmosphere, and most significantly, for the individuals.
Flour Mills of Nigeria exemplifies the numerous potential of strategic alignment between main personal sector actors and nationwide financial coverage. Its constant, long-term investments in backward integration, import substitution, and farmer empowerment show a deep dedication to working in lockstep with Nigeria’s improvement aspirations.
“FMN stays a dedicated ally and accomplice for the Federal Authorities and the Ministry of Agriculture and Meals Safety underneath the management of Senator Abubakar Kyari in his transformative initiatives in the direction of driving meals self-sufficiency in Nigeria,” Mr. Olusanya stated.
The Firm’s foray into the Agricultural sector began in 1978, with the acquisition of a ten,000-hectare farm in Kaboji, Niger state, as a part of an funding and growth technique designed to create worth within the Sugar provide chain and scale back the reliance on imported uncooked supplies. Since then, FMN has made substantial investments within the native cultivation of varied crops like soybeans, palm fruits, cassava, wheat, maize, sugar cane, sorghum, and the storage, aggregation, and distribution of regionally sourced grains.
