The Federal Government and Olam Agri, a subsidiary of Saudi Agricultural and Livestock Investment Company (SALIC), are in talks to expand investments in Nigeria's agricultural sector.
The focus is on fertilizer production, irrigation systems, and food processing infrastructure to enhance local food production, lower costs, and generate jobs.
Olam Agri is committed to boosting agricultural infrastructure, prioritizing fertilizer production and irrigation expansion to increase crop yields and reduce import reliance.
Plans are also underway to establish modern food processing facilities, creating employment and strengthening the economy.
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Finance Minister Wale Edun reaffirmed the government's support for private-sector investments, aligning with President Bola Tinubu's economic strategy.
The FG is investing in rural infrastructure, grain reserves, and credit facilities for farmers to drive agricultural sustainability.
Olam Agri is working with federal and state governments and local farmers to develop innovative, localized solutions.
Through public-private partnerships, the company aims to enhance market access for smallholder farmers and value chain efficiency.
Amid climate challenges and market volatility, strategic investments like these are crucial for long-term agricultural resilience.
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