Olam is one of the largest buyers of Nigerian soybeans, which are used as raw materials for our feed mills. We are therefore supporting several ways to increase Nigeria’s production from 500 thousand metric tonnes (TMT) a year to 2,000 TMT over next 7 years. This would not just make Nigeria self-sufficient in plant proteins, it would turn the country from a net soybean importer to a net exporter.
Supporting smallholders by partnering with the International Institute of Tropical Agriculture in Ibadan. Together, we promote high-quality seeds for farmers across Nigeria which are tailored to the country’s climactic conditions, which in turn will help improve livelihoods;
Identifying potential government, NGO and private sector partners to jointly develop farmer support and agronomy programmes, including training in Good Agricultural Practices;
220 hectares of trial seed farming at our site in Kaduna which we plan to gradually expand;
Further investments and capacity building in soybean processing, including on-going work with local companies to improve efficiencies and capacity utilisation.