Business and Economy

Olam International partners with MIT to formulate sustainable food systems in Nigeria

Olam International, a global agri-business, has partnered with the Massachusetts Institute of Technology Solve (MIT Solve) to design a challenge aimed at addressing the issues around sustainable food systems in Nigeria.

MIT Solve is a hybrid business incubator and business ideas marketplace from the Massachusetts Institute of Technology that advances solutions from tech entrepreneurs to address pressing global issues.

In addition, MIT Solve connects innovators with resources such as expertise, human capital, technology, and funding.

The MIT Solve cycle, starts every February of each year and initiates competitions in the areas of economic prosperity, health, learning and sustainability aimed at solving identified global challenges.

The workshop was designed to engage cross-sector stakeholders in Nigeria, to deliberate on issues affecting the country’s agri-business ecosystem and aid MIT in designing Solve’s 2020 Global Challenges.

The event was also aimed at building connections amongst individuals and organisations with an interest in innovation, to address social and environmental challenges.

Addressing the audience on the rationale behind the event, the Country Head, Olam Nigeria, Mukul Mathur, said, “Olam started as a single-man, single product operation in Nigeria and we have managed to achieve massive growth over a 30-year period. However, we still face problems and we cannot fix these challenges alone.”

“We realise the value of having an ecosystem which can help in proffering solutions, especially around sustainable food systems in Nigeria. It is important to have such an ecosystem of likeminded people. I know that together, we can fix these problems.”

According to Julie Greene, Vice President, Corporate Responsibility and Sustainability, Olam International, the rise in the world’s population presents an opportunity for players in the agricultural value chain with the rapid rate of urban migration resulting in mass movements away from farms where crops are harvested.

She said: “For most part of history, people lived near their food sources, they grew their own food. Today over 50 per cent of the population lives in the cities. This has huge implications because of the channels through which these food products are transported and stored. The bigger challenge is that it inhibits people from having a healthy diet.”

Ms. Green pointed out that agriculture also had its negative impacts, despite its positive effects. She said: “Agriculture and other land uses are responsible for a quarter of greenhouse gas emissions from fertilizers, deforestation and transportation.”

“Agriculture is responsible for 70 per cent of freshwater withdrawals. While these are critical to productivity, they also have polluting effects on the environment.”

“We only grow enough food to feed the population, but the problem is that one third of that food never actually reaches our plates due to food loss and waste. Therefore, the food system needs innovation and that is why we are here today to answer the question what are the various opportunities for a sustainable food system?”

Reji George, Vice President, Farming Initiatives, Olam Nigeria identified food loss and wastage amongst some of the challenges encountered in agribusiness.

He said: “One third of the global food production is wasted; and this is estimated to be around 1.3 billion tonnes of food. If food losses can be improved upon, global food security, food systems and nutrition will also improve.”

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