Crown Flour Mills Limited (CFM), a subsidiary of Olam Nigeria has reaffirmed its readiness to improve the socio-economic value of wheat by collaborating with relevant stakeholders within the value chain.
Managing Director of CFM, Mr Ashish Pande gave the assurance during a recent visit to the Minister of Labour and Employment, Dr. Chris Ngige, in Abuja.
Pande, who was represented by the Corporate Affairs Manager of Olam Nigeria, Ms. Damilola Adeniyi, noted that the increase in the consumption of wheat derivative foods has opened more job opportunities in wheat production, processing, distribution and retailing.
The MD also said that the present wheat value chain accounted for over 10.5 million jobs generated annually in Nigeria.
This, he added makes wheat a major factor in various economic development agendas of the federal government.
Pande further divulged that while prices of other major national staple foods such as rice, garri, yam and beans have risen sharply by 3.2%, 6%, 5.3%, and 13.4%, respectively, in the past months, the prices of wheat derivative foods have remained stable due to the efforts of the local millers and bakers who continuously absorb the extra cost of production to keep feeding the population.
“Flour millers will continue to take bold developmental steps through scaled investments in critical areas including seed trials and research, training of smallholder wheat farmers and funding of the various farming research institutes in the country to ensure that the current local production level of the wheat crop improves significantly” he added
On his part, Minister of Labour and Employment, lauded CFM and other millers for their commitments towards feeding the nation.
He said, “The Ministry of Labour and Employment is committed to supporting efforts geared towards providing good jobs for Nigerians and ultimately growing the economy.”
Ngige, also stressed the need to sustain and scale the current level of developmental projects in the value chain.
The development, the Minister added will be key to keeping Nigerians gainfully employed and well-nourished.
Ngige ,therefore, pledged the support of his ministry as a critical partner in achieving national economic prosperity through expanded local production that can deliver more employment opportunities for the teeming Nigerian population.
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