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Minister lauds Flour Mills for wheat, cassava drive

By BusinessNews Staff on December 6, 2014

The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina,has commended Flour Mills Plc. for introducing cassava/wheat flour to the country’s market.

Speaking at the recent launch of the flour, the ministrer thanked the company for keying into the Federal Government’s cassava transformation agenda noting that this initiative would impact positively on the economy by way of huge savings of about N22.4bn in foreign exchange, wealth creation for farmers, direct farm jobs of nearly 500,000 persons and an income generation of about N24bn going to farmers.

He added that the initiative was expected to create additional 1,500 jobs and a value of over N800bn in 10 years.

Flour Mills Plc. had introduced Golden Penny Multi-purpose flour, a bread and baking flour which is a combination of wheat flour and 10 per cent high quality cassava flour. The new flour will complement Flour Mills’ other baking flour products like Golden Penny Prime flour, Golden Penny confectionery flour and Eagle wheat flour.

A statement from the company stated that the ceremony had in attendance, members of the Association of Master Bakers and Caterers of Nigeria, members of the Flour Millers Association and industry stakeholders.

The Group Managing Director of Flour Mills of Nigeria Plc, Mr. Paul Gbededo, described the company as the leader in the industry adding that it had invested in some food and agro-allied value chains to align with Federal Government’s agricultural transformation agenda, create group synergies, support and protect supply chains of core food business and other downstream.

He further said that a good instance of this group synergy was the acquisition of Thai Farms in Ogun State, for the cultivation and production of cassava tubers.

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