Business
El-Rufai Commends Olam On Agricultural Investments And Reforms In Nigeria
Governor Nasir El-Rufai of Kaduna State has commended Olam group, a leading player in the Nigerian agriculture value chain for paving the way through its agricultural investments and reforms in the country.
El-Rufai, who was speaking recently at the ground-breaking ceremony for a Tomato processing factory, held at Kangimi, in Igabi Local Government Area of the state, stated that it was because of the activities of organizations like Olam that Kaduna State had become a worthy ground for business, attracting both local and international organizations.
The governor noted that firms like Olam demonstrate why Kaduna State is ranked as the Number One destination for doing business in Nigeria, by the World Bank’s Doing Business Report.
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He said: “The Kaduna State Government welcomes this latest investment in the agricultural potentials of our state. Olam showed the way back in 2017 when President Muhammadu Buhari commissioned its Hatchery and Feed Mill project that is sited in our Chikun Local Government Area.”
Olam’s Feed Mill, Hatchery and Breeder Farms, located along the Kaduna -Abuja Expressway, is a huge investment and the largest such facility in West Africa. The feed mill sources over 150,000 tons of Corn and 75,000 tons of soybean from local farmers, which has encouraged many smallholder farmers to increase the production of these crops. The large silo and flat warehousing capacity allow farmers to sell their produce on harvest, without having to worry about storage.
Availability of Broiler (meat-producing birds) and Layer (egg-laying birds) day-old chicks was the biggest barrier for Nigerian farmers, especially in the North, to participate in the poultry sector. Olam now supplies several million, high-quality day-old-chicks every month to small poultry farmers, which has helped revive many closed farms and develop new ones.
Olam’s poultry feed, especially Broiler feed, has led to farmers gaining substantial productivity gains, unlocking profitability for them without increasing selling prices of eggs and chicken.
Olam’s best-in-class Fish feed, produced at its second feed mill location in Kwara state, has promoted a mini-revolution amongst small fish farmers in Northern Nigeria. Starting from an insignificant level, this sector has made great strides and is now a viable farming option for many local youths.
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