The Federal Government and Olam Agri, a subsidiary of the Saudi Agricultural and Livestock Investment Company (SALIC), are in discussions to expand investments in Nigeria’s agricultural sector. The collaboration aims to strengthen food production, lower costs, and create jobs through strategic investments in fertilizer production, irrigation systems, and food processing infrastructure.
Olam Agri has expressed a strong commitment to enhancing Nigeria’s agricultural landscape, focusing on increasing fertilizer production and expanding irrigation systems. These efforts are expected to improve crop yields, reduce dependence on imports, and promote food security.
As part of the initiative, plans are also underway to establish modern food processing facilities. This move is designed to create employment opportunities, improve value addition in the sector, and contribute to economic growth.
Finance Minister Wale Edun reaffirmed the government’s dedication to supporting private-sector participation in agriculture, aligning with President Bola Tinubu’s broader economic strategy. The government is making targeted investments in rural infrastructure, grain reserves, and credit facilities to promote agricultural sustainability.
By working closely with both federal and state governments, as well as local farmers, Olam Agri seeks to develop innovative, localized solutions that address specific challenges in Nigeria’s agricultural sector.
Through public-private partnerships, the company aims to improve market access for smallholder farmers, enhance value chain efficiency, and drive sector-wide growth. These efforts are particularly crucial as Nigeria navigates climate challenges and market volatility, which continue to impact food production and distribution.
With strategic investments in infrastructure, technology, and capacity building, the partnership between the Federal Government and Olam Agri is expected to play a vital role in ensuring long-term agricultural resilience and economic stability.
