Sharma: Nigeria Can Still Be Largest Palm Oil Producer - THISDAYLIVE

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Sharma: Nigeria Can Still Be Largest Palm Oil Producer - THISDAYLIVE via thisdaylive

The Chief Executive Officer, Consumer Goods Business, Tolaram West Africa, the parent company of De United Food Industries Limited, Pawan Sharma, speaks on government support for the manufacturing sector and the group’s continuous effort to boost backward integration. Raheem Akingbolu brings the excerpts.

Looking back at the years you have operated in Nigeria, can you give insight into the group’s backward integration plan? So, I could say we are sourcing all our raw materials locally due to our investment in backward integration. However, if we consider that the major raw material—flour, is imported for milling in Nigeria, I could say that our local sourcing is 30 per cent.We are not facing much challenges because we have already tackled most of the initial challenges. That was why we invested in the different value chains like packaging, palm oil refinery and flour milling.

You have successfully held Indomie Heroes Award for 13 years, what impact has this created in the society?

 

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