Flour Mills explain roles in boosting local sourcing of raw materials

Business News
By Franklin Alli
“Due to government’s backward integration policy and effort of key players in the Nigerian manufacturing industry, local sourcing of raw materials in Nigeria has increased from 47.2% in 2014 to 60.23% in 2018 according to a survey conducted by MAN.”
With these words, John Comantros, Chairman Flour Mills of Nigeria Plc,  explains that his company and other manufacturers in the country are playing key roles in scaling up the usage of local raw materials in the production and packaging of finished manufactured products.
He spoke as keynote speaker at the 2019 edition of the annual Nigeria Manufacturing Equipment (NME)/Nigerian Raw Materials Expo (NIRAM).
In his speech, ‘ Optimizing the value chain towards growth and competitiveness in the manufacturing sector,’ he said : “As one of the biggest foods and agro-allied businesses in Nigeria, we have implemented an ambitious, and well-defined backward integration strategy to ensure we have continuous access to raw materials that are sourced and produced locally wherever local conditions allow
” I believe we must take active roles in promoting manufacturing competitiveness in the country.
“I would use Flour Mills of Nigeria Plc., a company which I am privileged enough to Chair, as an example of a business that has fully embraced the thinking of developing competitive, and world-class, internal supply chains.
“Today we are structured around 5 key value chains – Grains; oils & Fats; Sugar; Feeds & Proteins, and Cassava Starches.
“Our goal to be involved in all stages of the food value chain has over the years inspired our strategic investments in the development of the critical infrastructures required to support these value chains.
“In this regard, FMN remains committed to creating shared value by providing support, and by collaborating with farmers, the vast majority of which are smallholders, in the areas of agronomy and input provision, aggregation and storage via our network of warehouses, collection points and silos complexes to reduce post-harvest losses, and provision of ready market for raw materials through our processing units all across the country, ” he said.

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