Flour Mills Sets the Standard for Silo Revitalisation Success

Flour Mills of Nigeria (FMN) has emerged as the only private sector player meeting all requirements and performing optimally under the Federal Government’s silo concession revitalisation programme a bold initiative designed to curb food wastage, boost storage capacity, and secure Nigeria’s path to food self-sufficiency.

The programme, led by the Minister of Agriculture and Food Security, Senator Abubakar Kyari, builds on the Federal Government’s 2017 silos concession project through the Infrastructure Concession Regulatory Commission (ICRC), Of the 22 silo complexes conceded nationwide, FMN, through three Special Purpose Vehicles (SPVs), has stood out as the top performer, ensuring grain availability and affordability.

FMN’s impact stretches beyond storage. Since its entry into agriculture in 1978 with the acquisition of a 10,000 hectare farm in Kaboji, Niger State, the company has made massive investments in cultivating crops such as maize, wheat, cassava, soybeans, sorghum, and sugarcane. By empowering farmers, promoting local sourcing, and strengthening the agricultural value chain, FMN continues to reduce reliance on imports while creating jobs and uplifting rural communities.

Speaking on the company’s enduring role in national development, FMN Group CEO, Boye Olusanya, described the organisation as more than a business, but a partner in nation building.

“For over six decades, Flour Mills has been a source of livelihood for millions of Nigerian families, directly and indirectly. By aligning with the Federal Government’s food security agenda, we are not just securing grains we are reducing poverty, creating jobs, and ensuring a more sustainable future for Nigerians.”

As Nigeria’s pioneer wheat miller, incorporated in 1960, FMN has grown into one of Africa’s leading food and agro allied companies. With its unwavering investments in backward integration, import substitution, and farmer empowerment, the company continues to prove that strong private public partnerships can drive inclusive growth, safeguard food security, and bring lasting economic relief to millions of Nigerians.