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Olam Agri’s Impactful Sustainability Investment Gets Recognition

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Olam Agric sustainability investment

By Modupe Gbadeyanka

Another feather has been added to the highly decorated cap of Olam Agri, a leading agribusiness in food, feed and fibre in Nigeria.

The organisation, on June 16, 2023, in Nairobi, Kenya, won the Sustainability Initiative of the Year Award for its Seeds for the Future (SFTF) initiative at the African Food Awards 2023.

The scheme was introduced in 2021 as Olam Agri in Nigeria’s wheat value-chain social sustainability investment vehicle.

It is driven by five key levers: supporting farmers and farming communities, enabling broader education & skill development for young people, empowering women (farmers & bakers), promoting health & nutrition, and reducing carbon emissions in business operations.

In 2022, the initiative announced an impressive first-year result of its multi-year research, seed trial and multiplication effort. It generated optimism that Nigeria is making strides toward increasing local wheat production levels. Now a full-fledged foundation, the initiative is extending its impact to other segments.

Congratulating Olam for the win, the chief executive of FW Africa, the organisers of the event, Mr Francis Juma, said the brand has demonstrated exceptional leadership and focused investment aimed at driving impactful economic growth across operating markets.

“After evaluation by our judging committee, Olam Agri’s sustainability investment through the Seeds for the Future Foundation met all criteria of reach, depth, and impact, and towers above the competition in the sustainability investment category and deserves to receive one of the Sustainability Initiative Award for the year 2023,” he said.

The Africa Food Awards recognises and celebrates the best companies and individuals in Africa’s rising food manufacturing, retail, academia, and food service sector.

The awards celebrate excellence and encourage adopting world-class practices and technologies in Africa’s food manufacturing, retail, and service sectors.

On his part, the Country Head of Olam Agri in Nigeria, Mr Ashish Pande, submitted that, “We will keep scaling up investment in projects that positively impact farming communities, consumer health, the environment, and government’s economic growth agenda.

“The Seed for the Future Foundation is a major vehicle for driving our wider investment actions. The Sustainability Initiative of the Year Award recognition underscores our impact level.”

He thanked the organisers for the recognition reiterating that the business would not rest on its oars, assuring that the company will keep investing in strengthening the Nigerian food production and processing segments.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Traders Shut Down Lagos International Trade Fair Complex

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lagos international trade fair complex

By Modupe Gbadeyanka

The Lagos International Trade Fair Complex in the Ojo area of Lagos State was shut down on Wednesday by traders protesting the proposed takeover of the facility by state and local government authorities.

The aggrieved demonstrators emphasised that the complex belongs to the federal government, and if there is a transfer of ownership to the state and local governments, then stakeholders should be carried along.

They expressed concerns that handing over the trade fair complex to the duo could be disruptive, and traders may have to pay more taxes and levies, which will, in turn, result in higher prices of goods.

In protest of the planned takeover, the traders yesterday locked up their shops, especially those in the ASPANDA Market segment within the facility, where spare parts are sold.

Apparently worried about the situation, the Minister of Industry, Trade and Investment, Ms Jumoke Oduwole, visited the market to talk to the traders.

She urged them to reopen the complex, as efforts are being made by the federal government to resolve the issue amicably.

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ICPC Secures Court Order to Extend El-Rufai’s Detention

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icpc el rufai

By Adedapo Adesanya

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured a court order to extend the detention of former Governor of Kaduna State, Mr Nasir El-Rufai.

This order gives the anti-graft agency ample time to finalise its investigation into allegations against the former governor, which has now deepened as a result of some new findings.

Subsequently, the new order, which was granted on Tuesday in the presence of Mr El-Rufai’s lawyer, will expire on Thursday, March 19.

However, Mr El-Rufai’s lawyer, whose application to quash the first remand order was declined by a Chief Magistrate Court in Bwari, has returned to the same court to nullify the latest order.

Justice Okechukwu John Akweke has fixed March 17 to decide whether or not he should set aside the latest detention order.

He said, “Upon hearing and listening to the prosecuting counsel, Dr Osuobeni Ekoi Akponimisingha Esq., praying this Honourable court for the following orders:

“An order of this Honourable Court issuing a remand warrant against the Respondent (NASIR AHMAD EL-RUFAI) in favour of the Applicant, i.e. Independent Corrupt Practices and other Related Offences Commission (ICPC), to detain the Respondent (NASIR AHMAD EL-RUFAI) in its custody for another fourteen (14) days pending conclusion of investigation activities on allegations of Money Laundering/abuse of office.

“And for such other or further order(s) as this Honourable court may deem fit to make in the circumstances. It is hereby ordered that: Application granted as prayed.

“That the Applicant, i.e. the Independent Corrupt Practices and other Related Offences Commission ICPC is hereby ordered to re-detain the Respondent (NASIR AHMAD EL-RUFAI) for an additional 14 days to enable the commission to conclude investigation activities.

“That the return date shall be the 19th day of March 2026, for the report of compliance.”

The scrutiny of Mr El-Rufai by the ICPC follows the report of the Kaduna State House of Assembly’s ad hoc committee constituted in 2024 to investigate finances, loans and contracts awarded between 2015 and 2023 under his eight-year administration of the state.

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Nigeria Begins Evacuation of Willing Nigerians from Iran

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Nigeria flag with Iran flag, 3D rendering

By Adedapo Adesanya

The federal government has begun evacuating willing Nigerians in Iran, escorting them across the Armenian border to ensure their safety amid escalating tensions in the Middle East.

The evacuation follows the growing crisis that began on February 28 after coordinated military strikes on Iran by the United States and Israel.

The attacks triggered retaliatory missile and drone strikes across parts of the region, raising fears of a wider conflict.

The chief executive of the Nigerians in Diaspora Commission (NiDCOM), Mrs Abike Dabiri-Erewa, disclosed this in a post on her X handle on Tuesday.

She said officials of the Nigerian Embassy in Tehran are coordinating the evacuation of Nigerians who wish to leave the country and are facilitating their safe passage into Armenia.

Mrs Dabiri-Erewa also reassured that no Nigerian in Iran has so far been affected by the ongoing tensions, noting that embassy officials remain stationed at the border to receive and assist evacuees.

Her post read, “Willing Nigerians [are] being escorted across the Armenian border by officials of the Nigerian embassy in Iran for safe passage. No Nigerian in Iran has been affected by the war as officials remain at the border to receive all who want to leave.”

The development comes as tensions in parts of the Middle East continue to raise concerns over the safety of foreign nationals residing in affected areas.

For repatriation flights, the NiDCOM chair said the airspace is currently unsafe but assured Nigerians in the Middle East that the Federal Government team is on standby to evacuate them.

“And as for repatriation flights, the skies are currently unsafe to fly. Luckily, a flight came in from the UAE to Lagos two days ago, just before another strike and the closure of the airspace.

“Once the airspace opens, the multi-agency FG team on crisis and evacuation is on standby. Our prayers are with you and all our people in affected countries,” she said.

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