In a bid to stimulate the local economy and generate employment opportunities, the Kwara state government has announced a strategic collaboration with the multinational agro-allied firm, Olam Agri. The focus of this partnership is the construction of a state-of-the-art 250,000 metric ton (MT) Soy Oil plant in Kwara state.
The Commissioner for Agriculture, Mrs. Oloruntoyosi Thomas, revealed these ambitious plans following a productive meeting with key members of the Olam Agri management team at the company’s headquarters in Lagos. Present at the meeting were Mr. Amit Agarwal, Senior Vice President; Mr. Ankit Puri, Business Head of Aquaculture; and Mr. Sameer Wadhera, Business Head, Poultry.
The Soy Oil plant, currently under construction, is expected to be fully commissioned by the Fourth Quarter (Q4) of 2024. This development is poised to bring about a transformative impact on the local economy by creating numerous opportunities across the soybean value chain. The project aims to not only boost food security but also enhance the productivity of local farmers.
Commissioner Thomas emphasized the collaborative efforts being made, especially in crucial areas such as crop outgrower schemes, produce offtake programs, and comprehensive training and capacity development initiatives. These measures are geared towards ensuring that the benefits of the Soy Oil plant are maximized across various sectors of the community.
In her statement, Mrs. Thomas underscored the significance of such collaborations, stating, “This partnership with Olam Agri is a testament to our commitment to fostering economic growth and sustainability. The Soy Oil plant is not just an industrial venture; it represents a catalyst for positive change in our agricultural landscape, bringing about advancements in technology, employment, and overall prosperity.”
The meeting also highlighted the commitment of both the Kwara state government and Olam Agri to responsible and sustainable agricultural practices. The collaboration aims to create a model for inclusive growth, wherein the benefits are shared by all stakeholders involved in the soybean value chain.