FMN invests N150bn on agric in 10 yrs

The Flour Mills of Nigeria (FMN) Plc has invested more than N150 billion in the past ten years to execute its core business strategy of aiding the agricultural sector.

The Group Managing Director of FMN Mr Omoboyede Olusanya stated this while presenting the company’s Fact behind the Sustainability Report to the Nigeria Stock Exchange (NSE) via a webinar Wednesday.

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Olusanya said: “To ensure our process remains sustainable in the long run, we will continue to backwardly integrate to mitigate further reliance on imports and exposure to external volatility in the food value chain.”

The Chief Executive Officer of NSE, Oscar Onyema lauded the company for the feat.

Onyeama said: “We count it as a success for the Exchange and Global Capital Market system when more companies publish reports of their performance on key areas of Environment, Social and governance indicators as well as their commitment to create a sustainable future.”