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FG lauds Olam Agri Strong Investment in Rice Value Chain, CSR

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Lagos, Nigeria, March 30, 2024 – The Federal Government has praised Olam Agri in Nigeria for its significant investment in boosting agricultural output and growth in the country. Sen. Abubakar Kyari, CON, the Minister of Agriculture and Food Security, commended the company during his inspection of their integrated Rice Farm and mill in Nasarawa state on March 28, 2024. This visit followed a recent courtesy call on the Minister and the Vice President by Olam Agri’s top management, where the company expressed interest in expanding its partnership with the Federal Government to enhance agricultural productivity further. The Honourable Minister, who visited the Olam Agri Rice Farm in the company of Nasarawa State Deputy Governor Dr Emmanuel Akabe and a team of technical experts, used the occasion to flag off Olam Agri’s dry season rice harvest. He commented on his satisfaction with the business’ innovative approach to raising agricultural productivity, “I was particularly impressed by Olam’s commitment to leveraging mechanisation and technology-driven farming methods across their 13,500-hectare fully integrated rice farming operations. With a paddy milling capacity of 210,000 metric tons, they have demonstrated significant strides in agricultural productivity. Over 4,000 hectares have been cultivated, yielding an impressive 4.3 tonnes of rice per hectare.” Additionally, the Minister commended Olam Agri’s commitment to corporate social responsibility, citing their engagement with over 35,000 out-growers, investment in scholarships for youths, provision of learning infrastructure, hiring of qualified teachers to deliver academic excellence across the communities and their paid flood response and support for at least 3,523 residents from 10 different communities. As part of its impressive social investment, the business also provided solar lights for six host communities – Rukubi, Achepe, Obendo, Olegokpa, Ijiwo, and Ondori. It constructed and rehabilitated access roads to the villages. One of the roads constructed and rehabilitated by the business is the 9 km Olegokpa – Achepe – Obendo Road. Speaking about the facility tour, Anil Nair, Country Head & Managing Director of Olam Agri in Nigeria, thanked the Honourable Minister and his team of experts. He said, “We are thrilled by the Honourable Minister’s visit to our Rice Farm and mill. This visit has reinforced our support for the Nigerian government’s renewed hope agenda and our readiness to engage with critical agricultural stakeholders to keep driving productivity and sustainable growth.” “As a business, we prioritise captive supply through large-scale farming practices. In the rice value chain, for instance, we continue to invest in R&D to scale the introduction of germplasm as part of a breeding program targeted at improving the yield potential of the current seed varieties while developing new varieties which adapted well to local soil and weather conditions and can withstand major environmental threats. We maintain stringent quality control while fostering an out-growers model that provides preferential access to seeds, training, and rates for many farmers while benefiting households, communities, cooperatives, and women. This visit will further deepen our partnership with the federal government and impact the investment landscape,” he added.

About Olam Agri Olam Agri is a market leading, differentiated food, feed and fibre agri-business with a global origination footprint, processing capabilities and deep understanding of market needs built over 33 years. With a strong presence in high-growth emerging markets and products across grains & oilseeds, integrated feed & protein, rice, edible oils, specialty grains & seeds, cotton, wood products, rubber and commodity financial services, Olam Agri is at the heart of global food and agri-trade flows with 38.3 million MT in volume traded in 2022. Focused on transforming food, feed, and fibre for a more sustainable future, it aims at creating value for customers, enable farming communities to prosper sustainably and strive for a food-secure future. Olam Agri is a fully owned subsidiary of Olam Group. For more information and to subscribe to our news alerts, please visit https://www.olamagri.com/. About Olam Group Olam Group is a leading food and agri-business supplying food, ingredients, feed, and fibre to 20,200 customers worldwide. Our value chain spans over 60 countries and includes farming, processing, and distribution operations, as well as a global network of farmers. Through our purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam Group aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders. Headquartered and listed in Singapore, Olam Group currently ranks among the top 30 largest primary listed companies in terms of market capitalization on SGX-ST. Since June 2020, Olam Group has been included in the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of Olam’s supply chain activities, impact on the environment and governance transparency. The FTSE4Good Index Series identifies companies that demonstrate strong Environmental, Social and Governance (ESG) practices and is used by a variety of market participants to create and assess responsible investment funds. More information on Olam can be found at www.olamgroup.com.

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Cryptotimes Africa and 4 Other Crypto-Focused Publications shaping the narrative of cryptocurrency in Africa

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It’s no doubt that Africa has emerged as a hotbed for cryptocurrencyadoption and innovation. With a growing interest in digital assets andblockchain technology, several publications have sprung up to cater tothe information needs of crypto enthusiasts across the continent.Among these, Cryptotimes Africa stands out as a leading source of newsand insights on the African crypto scene. Let’s take a closer look atCryptotimes Africa and five other noteworthy publications that areshaping the narrative of cryptocurrency in Africa.1. Cryptotimes AfricaAs the name suggests, Cryptotimes Africa is dedicated to covering allthings crypto-related on the African continent. From news updates andmarket analysis to interviews with industry experts, this publicationoffers a comprehensive view of the rapidly evolving crypto landscapein Africa. With a focus on promoting blockchain adoption and financialinclusion, Cryptotimes Africa serves as a valuable resource for bothnewcomers and seasoned veterans in the crypto space.2. Bitcoinke.ioBitcoin Africa is another prominent publication that provides in-depthcoverage of Bitcoin and other cryptocurrencies in Africa. With a teamof experienced writers and analysts, Bitcoin Africa deliversinsightful articles, guides, and reviews to help readers navigate thecomplexities of the crypto market. Whether you’re interested intrading strategies, regulatory developments, or technologicalinnovations, Bitcoin Africa has you covered.3. TechnextTechnext is a broad tech publication with a strong focus on Africanstartups, innovation, and trends, coverage includes articles onblockchain technology, cryptocurrencies beyond Bitcoin, and theirapplications in Africa.4. Tech CabalTech Cabal focuses on providing in-depth analysis and reporting on theAfrican tech ecosystem, including funding rounds, investment trends,and interviews with key players. While its primary coverage is notsolely focused on cryptocurrencies, Tech Cabal features insightfularticles on blockchain technology, cryptocurrency adoption in Africa,and the regulatory landscape. Targeting investors, entrepreneurs, andprofessionals working in the African tech sector, Tech Cabalcontributes valuable insights to the broader conversation on cryptoinnovation in Africa.5. NairametricsNairametrics is a financial and business news platform with a focus onthe Nigerian economy and markets. While covering a wide range offinancial topics, Nairametrics includes articles on cryptocurrenciesas an investment asset class, analysis of their impact on the Nigerianfinancial sector, and regulatory updates. Targeting investors,business people, and those interested in the financial sector inNigeria, Nairametrics provides valuable insights into the evolvinglandscape of cryptocurrencies in Africa’s largest economy.In conclusion, Cryptotimes Africa and the aforementioned publicationsare playing a crucial role in shaping the narrative of cryptocurrencyin Africa. By providing reliable news, analysis, and educationalresources, these platforms are empowering individuals and businessesto participate in the digital economy and seize the opportunitiesoffered by blockchain technology. As the crypto revolution continuesto unfold, these publications will undoubtedly remain essential guidesfor enthusiasts and professionals alike.

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Eid-el-Fitr: Speaker Obasa Congratulates Muslims

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  • urges patriotism for national prosperity

As Nigerian Muslims celebrate the Eid-el-Fitr with their counterparts across the world, Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, says he joins other faithful in their steadfast belief that Almighty Allah will listen to their supplications and meet their needs at this time.

Dr. Obasa’s prayer came in his congratulatory message to Muslims for having the divine privilege from Allah to partake in the Ramadan.

According to Obasa, in a statement by his Chief Press Secretary, Eromosele Ebhomele, the Eid-el-Fitr is not just a time to eat and be merry, but a day dedicated for thanksgiving to God for the strength and passion He has given the Muslim faithful.

“It is a day to reflect on the blessings and opportunities that have been granted by Allah just as it is a period to engage in acts of charity and love to one another.

“As emphasised in the Holy Book, Muslims are advised to give at this period and beyond. They are urged to share love and be compassionate while having the consciousness of Allah’s mercy upon us all.

“I congratulate Muslim faithful both in Lagos, Nigeria and the world for the successful conclusion of the Ramadan while praying that Allah hearkens to all our supplications throughout the period with the faith that He will continue to bless our state and country,” the Speaker said.

Obasa urged the citizens to mark the festival rededicating their lives to God and doubling their patriotism to the country for national prosperity.

“We all must continue to work hard as we build a peaceful, united and prosperous Nigeria under President Bola Ahmed Tinubu while upholding the lessons that Ramadan brings.

“As Nigerians, regardless of our religious beliefs, we have a country that we aspire to see. We all have to make the country achieve that greatness by being more patriotic and working with the government.

“In the same vein, it has been an upward progression for Lagos. The result of the effective collaboration among the arms of the government is very obvious.

“At the House of Assembly, our pro-people direction has resulted in legislation, motions and resolutions that have brought happiness to the residents of our state. We promise to continue to build on our successes.

“On behalf of my family, colleagues at the House, the management and staff of the Assembly, I wish our Muslim brothers and sisters a beautiful celebration,” Dr. Obasa said.

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Gov AbdulRazaq commiserates with CJ Adebara over father’s death

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Kwara State Governor AbdulRahman AbdulRazaq sends his profound condolences to the Chief Judge of Kwara State Justice Abiodun Ayodele Adebara and the people of Shao on the death of the CJ’s father, Pa Adebara Adio Durodoye Dogo.

Pa Adebara, 98, commanded the respect of all in Shao and environs for his industry, leadership, and huge contributions to the development of his community as a foremost businessman who founded the popular Abulesowo Amuludun Sand Association, according to the Governor.

Governor AbdulRazaq says the late businessman left salutary legacies in the sand of times, as can be seen in the quality of his children and his impacts on the people.

On behalf of the government and the people of Kwara State, the Governor sends his condolences to the Shao community, the Ajakitipa chieftaincy family, and to the immediate and extended families of the patriarch.

He asks God to repose the soul of Pa Adebara and to give fortitude to the illustrious family he left behind.

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