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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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Governor Dauda Lawal Joins President Tinubu at Historic Press Corps Dinner

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Zamfara State Governor Dauda Lawal P.hD was among the dignitaries at the maiden State House Press Corps Presidential Dinner, held Thursday at the Presidential Villa in Abuja.

A highlight of the evening came when Governor Lawal formally invested President Bola Ahmed Tinubu as the Grand Patron of the State House Press Corps, a symbolic gesture underscoring the administration’s recognition of the media’s role in governance.

Organized to bridge the gap between journalists and top government officials, the dinner celebrated excellence in presidential reporting while offering an informal platform for candid dialogue between the press and policymakers.

In his address, President Tinubu charged journalists with upholding truth, balance and responsibility in their work, describing them as indispensable partners in Nigeria’s democratic journey. He also reassured attendees of his government’s steadfast commitment to constitutional guarantees of press freedom and free expression.

The State House Press Corps, made up of journalists accredited to cover the presidency, hosted the historic event.

Among the prominent guests were First Lady Senator Oluremi Tinubu, Secretary to the Government of the Federation George Akume, Chief of Staff Femi Gbajabiamila and ministers overseeing Finance, Education, Health, Agriculture and Information. Also present was the Head of Service of the Federation, Mrs. Didi Esther Walson-Jack.

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South African Investment Banker Richard Simanga Ngwenya Arrested in Alleged Fraud Investigation.

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Richard Simanga Ngwenya, a South African-based investment banker and Zimbabwean businessman known for showcasing an extravagant luxury lifestyle on social media, has been arrested in connection with an alleged fraud investigation, according to documents circulating online.The documents, which have attracted widespread attention across digital platforms, identify Ngwenya as a suspect in a case registered in Sandton and reference a South African Police Service (SAPS) case number linked to the ongoing investigation.The arrest comes just weeks after Ngwenya dominated headlines over reports that he gifted his girlfriend a luxury Bentley, a gesture that fueled conversations about his lavish spending and elevated his profile across Zimbabwean and South African social media.The latest development has shifted public attention dramatically, with social media users revisiting videos and photographs highlighting his collection of luxury vehicles, designer fashion and high-end lifestyle. Online discussions have intensified, with many questioning the source of his wealth. However, no court has made any findings regarding those claims, and the allegations remain subject to legal proceedings.Ngwenya built a significant online following through displays of wealth that frequently went viral, positioning him among the region’s most talked-about young businessmen. His social media presence often featured luxury automobiles, premium real estate, international travel and extravagant gifts.The alleged fraud investigation now places the businessman under legal scrutiny, with observers closely monitoring developments as the matter progresses through South Africa’s criminal justice system.Authorities have yet to publicly disclose the full details of the allegations or the value of the alleged fraud under investigation. Further information is expected to emerge as legal proceedings continue.As of the time of publication, Ngwenya has not publicly commented on the allegations, and no plea or court finding has been reported.

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Governor Dauda Lawal Distributes 50 Subsidised Buses, Commissions Fire Trucks for Swift Emergency Response

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Zamfara State Governor, Dauda Lawal P.hD has rolled out a major public welfare intervention distributing 50 subsidised buses to the National Union of Road Transport Workers (NURTW) and commissioning five modern fire trucks, in a move aimed at tackling transportation hurdles and strengthening emergency response across the state. The official handover ceremony took place on Wednesday at the Government House in Gusau, drawing leaders from the transport union, fire service officials and top government functionaries.

According to Governor Lawal, the buses are being provided under the Zamfara State Loan Scheme, a structured financing programme designed to promote economic empowerment while ensuring sustainability through cost recovery. Each bus was procured at ₦27,390,000, but the state government is absorbing 20% of that cost – amounting to ₦5,478,000 per vehicle – as a direct subsidy to ease the financial burden on beneficiaries.This means each NURTW member will repay ₦21,912,000 over a 44-month period, with repayment commencing from the date of vehicle allocation.

Crucially, the NURTW has entered into a partnership with the government to oversee the entire process, with the union responsible for identifying eligible members, supervising the use of the vehicles and ensuring strict compliance with the repayment schedule, a collaborative approach intended to minimise defaults and guarantee the scheme’s longevity.

In a parallel development, the Governor also commissioned five state-of-the-art fire trucks to reinforce the Zamfara State Fire Service, with the trucks equipped to modern standards and expected to significantly shorten response times during emergencies. Governor Lawal underscored the urgency of the investment, noting that fire outbreaks remain a persistent threat to lives and property in the state. “We are aware that fire outbreaks can destroy homes, shops and livelihoods in seconds,” he said. “These new fire trucks, equipped with modern standards, will strengthen the state fire service’s capacity to respond faster across all nooks and crannies of the State.”

He charged the Fire Service leadership to complement the equipment with rigorous personnel training, regular public fire-safety sensitisation campaigns and consistent maintenance to keep the trucks in optimal condition at all times. The Governor made it clear that all assets distributed belong to the people of Zamfara and must be treated with utmost care, directing all benefiting Ministries, Departments and Agencies, as well as individual beneficiaries, to submit quarterly maintenance and utilisation reports to their respective oversight offices.

He further issued a stern warning against any form of abuse, declaring that “vandalism, misuse or diversion will not be tolerated,” signalling the administration’s commitment to transparency and responsible asset management.

Governor Lawal framed the initiative as part of his broader agenda to uplift the state’s transportation sector, create economic opportunities for transport workers, and enhance public safety. By subsidising the buses, the government aims to ease the cost of commuting for residents while providing a sustainable livelihood for NURTW members, while the fire trucks are expected to reduce the devastation caused by infernos in both urban and rural communities. The combined investment reflects a multi-pronged strategy to address critical infrastructure gaps while fostering accountability and community partnership.

With the handover complete, the NURTW is expected to begin allocating the buses to qualified members in the coming days, while the Fire Service will deploy the new trucks across strategic locations in the state. The government has pledged to monitor progress closely through the quarterly reporting mechanism, with defaulters or abusers facing appropriate sanctions. This development marks one of the largest single interventions in the transport and emergency services sectors under Governor Lawal’s administration and stakeholders are watching closely to see how the scheme translates into tangible improvements for ordinary Zamfara residents.

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