Olam Nigeria is the subsidiary of Olam International Limited (Olam), a leading global, integrated supply chain manager and processor of agricultural products and food ingredients has made its intention to set up a N3 billion sesame processing plant in Shagamu, Ogun State known to the public.
Speaking in Lagos when the management team of the Nigerian Export Promotion council (NEPC) were on a tour of the companyâ€™s Sesame Seed Factory, the country Head of Olam, Mr. Mukul Mathur explained that the exportation of sesame seeds from Nigeria to Europe and Asia has increased over the years.
Every home in Europe and Asia eat oil made from sesame seed exported from Nigeria to those countries, he added.
He listed some challenges faced as those from cultivation to processing, as well as delays at the seaport, high cost of transportation and electricity, saying that they are major constraints confronting the growth of the industry.
He said it is cheaper to produce sesame seeds from cultivation to exportation in Sudan and Ethiopia even though the one from Nigeria has been adjudged better.
He said the new plant would be built on 25 hectares of land already acquired by the company in Shagamu, Ogun State.