Nigeria Flour Mills embarks on expansion of fertiliser business
Nigeria’s leading integrated food business and agro-allied group, Flour Mills of Nigeria Plc, says it is looking to expand its fertiliser blending plants in an attempt to de-risk the concentration of its business in Lagos State.
The Group Managing Director, Flour Mills of Nigeria, Paul Gbededo, stated that the expansion would enhance the company’s presence and allow for quick delivery of fertiliser to the end-users.
He noted that in 1997 the board and management of FMN decided to incorporate a fertiliser company, with the aim of providing quality input for farmers at the right time and right price.
He said since the year 2000, Golden Fertilizer Company Limited, FMN’s wholly-owned subsidiary, had carved a niche in the Nigerian fertiliser market.
“We are looking forward to expansion of our blending plants into more states outside Lagos. We have just gained more properties in northern states that will help us cater better for our customers and de-risk the concentration of our business in Lagos,” Gbededo said during the Golden Fertilizer Customer Forum in Lagos.
He noted that the structures the company had worked hard to build, based on its knowledge of the fertiliser market, farmer’s needs and agronomy services, had been challenged in recent times by inconsistent government policies on fertiliser.
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