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With an initial focus on the procurement of primary commodities like cashews, cocoa and shea nut, we gradually refined our operational scope and expanded operations into 3 major business streams, namely exports, imports, and branded packaged food products.
Today, we have over 3,000 staff spread throughout the country, engaged in helping us manage our value chain activities of sourcing, processing, marketing and distribution.
With offices and operational units across all geopolitical zones of the Nigerian Federation, Olam has a wide and growing network of farmers, suppliers, wholesalers, local buying agents (LBAs), customers and service providers. Today, these networks encompass approximately 500,000 farmers and have created tens of thousands of jobs in indirect employment.
Principal business activities in Nigeria include:
In 2013, we invested over 19 billion Naira in a 10,000-hectare farm with integrated mill which directly employs 950 people from the surrounding communities, producing 36,000 metric tonnes of rice for the Nigerian markets (Mama’s Pride and Mama’s Choice brands). The farm also supports an ‘outgrower programme’ whereby surrounding rice-growing communities are supported by the Olam farm with training, pre-finance, fertiliser and seeds in order to improve their paddy yields.
Currently 7,000 farmers are engaged in the programme. This investment is specifically in line with the Government’s Agricultural Transformation Agenda to produce rice for the domestic market thereby boosting self-sufficiency. In 2013, it was internationally recognised by The Rockefeller Foundation as a catalytic innovation’ in African Agriculture’ and in 2018, it has been identified as one of 3 high impact success stories for Global Recognition by the United Nations Economic and Social Council.
Investments in recent years, in addition to the rice farm, include: