Food security has been top on the list of several countries lately, as it determines the availability of food and its accessibility in a country and Nigeria has followed suit to look into the Agricultural sector.
No doubt, Petroleum is the major source of revenue for Nigeria however, Agriculture employs the highest labour capital in the country and therefore is the main source of income and food for the greater part of Nigerian citizens.
Individuals and companies can get involved in the agricultural process in either the production, processing, storage, or marketing, or even in all of these processes, this is known as Agribusiness.
These people provide the necessary support, technical, storage or financial support needed.
Agribusiness, therefore, tends to commercialize farming, bringing into its scope every farming activity that takes place on and before the farm produce gets to the consumer/ retailers.
There are various platforms built around this service in Nigeria, named below are the top agribusiness companies in Nigeria.
Stallion Group
This agribusiness is widely known for its exploits in agriculture in West Africa, they work with the vision of improving the overall socio-economic condition of the country by implementing global best farming practices.
Stallion group has farmer outreach in three hundred and ninety-one villages with over thirty-five thousand farmers in its corporation.
Stallion group as one of the agribusiness companies in Nigeria supports these farmers with seeds, fertilizers, and other agrochemicals, rice and sesame production, buys it from the farmers, brands and sells to both local and international markets.
The company also teaches and empowers these farmers on how to use the latest technological practices in their farming, hence bigger output and minimal effort. The largest rice mill is owned by Stallion Group.
Flour Mill of Nigeria
This company has been around since the 1970s, initially they were running just the flour mill but have diversified into other food sources, sugar, agro-allied services, and support services.
Golden Penny is a well-known product of Flour Mill Nigeria, this company aims at helping Nigeria reduce its dependence on imported raw materials and goods and also increase the economy.
Hence, Flour Mill works with a value chain ensuring the process benefits everyone.
BUA Group
Known for its involvement in the production of flour, pasta, rice, edible oil, and sugar. BUA Group is one of the Agribusiness companies in Nigeria with the mission of producing Fast Moving Consumer Goods with high quality and standard and increasing the nation’s economy. The BUA group company has two Oil refineries for edible oil and a Sugar refinery.
OLAM Group
The OLAM Group is a major player in the agribusiness field in Nigeria, their activities in Nigeria include Outsourcing, procurement, processing, and export of farm produce like sesame seed, cashew, and cocoa. Production of Biscuits, Dairy Beverages, and Culinary ingredients in partnership with other food processing companies.
OLAM group offices are in all geopolitical zones in Nigeria, the group has five hundred thousand farmers working with them and seven thousand of these farmers are involved in their sustainability project of producing rice in Nigeria. In 2018, the United Nations Economic and Social Council selected the OLAM group as one of the three high-impact success stories for Global Recognition.
SeedCo Nigeria Limited
This is also one of the agribusiness companies in Nigeria with its motto as the home of a bumper harvest and lives up to its motto by distributing healthier seeds that will produce the bumper harvest.
SeedCo started its operations in 2014 with the assignment of producing hybrid maizes with increased yield. Now, they produce high yield and pest resistance seeds for soya bean, wheat, cottonseed among others.
About the author
Chibuzor Elizabeth Chijioke a graduate of Abia State University is a Nigerian-based entrepreneur and content writer. She trained as a digital marketer at Innovation Growth Hub. She is committed to teaching people how to apply technology to better their lives and businesses. She spends her leisure reading sci-fi and fantasy novels.
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