News Update



Flour Mills of Nigeria PLC and Corteva Agriscience Agriculture Division of enter into partnership for maize hybrid seed development in Nigeria.

Wednesday 16 May, 2018

FLOUR MILLS OF NIGERIA PLC

Flour Mills of Nigeria PLC and Corteva Agriscience",  

Agriculture Division of enter into partnership for maize hybrid seed  development in Nigeria.

Lagos, 16 May 2018

 In a move that further reiterates the commitment of Flour Milts of Nigeria Plc (FMN) to be a catalyst in the transformation of Nigeria's Agricultural sector, and in pursuance of its core strategic focus of "Feeding the Nation, Everyday," the company today announced a strategic partnership wrth Corteva AgriscienceTM, Agriculture DiViSion of DowDuPont

 

The collaboration wrll see FMN and Corteva AgriscienceTM working together on key aspects of the maize value chain in Nigeria, With a focus on promoting modern farming techniques and practices, capacrty development and knowledge transfer for the locai production and use of Improved and quality inputs, including seeds and crop protection.

 

"We are eXCIted at the prospects of this partnership, and what we can achieve," said John Coumantaros, Chairman, FMN "Corteva AgnsmenceTM is a globally renowned company With a wealth of experience in crop protection and biotechnology solutions, and WIII Introduce new and exc1ting seed production techniques that WIII help develop the maize hybrid seed market in Nigeria Over the years, FMN has invested heavrly in the primary processrng, aggregation and distribution of locally grown grains such as maize, soybean, rice, sorghum and wheat, and are passwnate about strengthening the capabilities of small-scale farmers, even as we continue to seek out newer ways of deepening our suppty chain "

 

"We are currently in the sustainability testing phase for the most Viable varieties surtable for this enVironment and envisage that the next step will be to establish in Nigeria, a world-class hybrid maize production plant," said, Paul Gbededo, Group Managing Director, FMN

 

"Our busmess is ultimately about prowding for the livelihood of millions of Nigerian families, by ensuring that they have access to great food, and as such, we are focused on building a busmess that caters for not Just their nutritional needs but enriches their lives," added Gbededo

 

"This partnership endorses our commitment to collaboration across the food chain to transform the role of agriculture in socrety and enhance the livelihood of farmers In Nigeria," said Prabdeep Bajwa, Commercral Unit Director, Africa Middle East, Corteva Agrismencem, Agriculture DIVISION.

Our company is investing in innovation, drawing on our knowledge of genetics, chemistry and digital to give farmers in Africa more and better products and ensuring their success."

 

FMN and Corteva Agriscience ™ have already started work on demonstration farm plots in Nigeria to showcase high-performing hybrid maize varieties with additional test sites expected to commence soon in Kwara, Niger, Kaduna, Kano, Oyo, Nassarawa, Bauchi, Plateau States and the Federal Capital Territory.

 

Nigeria currently has a national average maize yield of about 1.5 metric tonnes per hectare, which is significantly below the average 2 tons per hectare of maize yields in Africa and 10 tonnes per hectare in the U.S. Early projections indicate that the adoption of hybrid seed and use of improved farming inputs and techniques will increase maize yields by about 100% in the next five years.

 

The partnership also seeks to work with relevant Nigerian agencies to strengthen the legal framework for Plant Variety Protection (PVP) in intellectual property laws which will not only guarantee that the country gets access to the best technology solutions but also protect the rights of smallholder farmers.

Yours Faithfully,

OLU JOSEPH A. 0

COMPANY SECRETARY I DIRECTOR, LEGAL SERVICES

 

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