News Details

NB Plc, IFDC and Psaltry Sign Partnership Agreement To Optimize Cassava Productivity.
Nigerian Breweries Plc – Nigeria’s leading brewing company, Psaltry International Company Ltd, a Nigerian cassava processing company and, the International Fertilizer Development Centre, IFDC, through its Towards Sustainable Clusters in Agribusiness through Learning in Entrepreneurship project (2SCALE), have signed a Partnership Agreement to optimize the cassava value chain in Nigeria and improve agribusiness for Nigerian smallholder farmers.
The Partnership Agreement is a collaboration between the Parties to improve output of smallholder farmers and consequently support economic development as well as promote inclusive growth in Africa. The partnership will enhance farmer productivity and increase supply of high-quality cassava roots to Psaltry who will, in turn, provide industrial quality cassava starch for Nigerian Breweries to extract maltose syrup for use in the brewing process.
This Partnership Agreement succeeds the Memorandum of Understanding signed by the partners in June 2014 which formed part of the 2SCALE programme, a Dutch-funded initiative aimed at improving rural livelihoods and food security in Africa. The partners agreed to support small-scale farmers in the production of more and better cassava through technical assistance, training and easier access to finance. This will enable more smallholder farmers to participate in the market for processed cassava byproducts required for large industrial purposes.
The partnership also enhances Nigerian Breweries socio-economic contribution via the agricultural sector and supports the progress the company is making, towards the achievement of HEINEKEN’s ambition to source 60% of its raw materials in Africa locally by 2020.
Nicolaas Vervelde, Managing Director of Nigerian Breweries’ said “as an operating company of HEINEKEN we have a long standing commitment to support local economic development and promote inclusive growth by sourcing agricultural raw materials from entrepreneurial local SME’s and utilizing it in our operations. Through our partnership with Psaltry and IFDC, we are taking a big step towards further realizing this ambition with cassava.”
From June to December 2014, 2SCALE and Psaltry sensitized, mobilized and trained over 500 direct farmers who supplied more than 20,000 tons of cassava roots to Psaltry’s processing factory. Over 2000 direct farmers are expected to benefit from the project within the next three years. The project has also worked to ensure that marginalized groups of women and youths are targeted to ensure equity amongst project beneficiaries.
Mrs. Oluyemisi Iranloye, Managing Director/CEO Psaltry said she is excited about the partnership because it would fast track the growth of her young company. “It is a huge opportunity for Psaltry to buy more raw materials from the local farmers which would ultimately transform them into commercial farmers. The partnership is also a big boost in our effort to improve the quality of life of our host community.”
According to the 2SCALE National Cluster Advisor, Mr. Thompson Ogunsanmi, “The partnership with Psaltry and Nigerian Breweries is an opportunity to take cassava farmers in Nigeria to another level based on 2SCALE’s model of inclusive growth. It is a sustainable model that enables smallholder farmers to benefit from agriculture as a profitable business.”

Young Entrepreneurs Jostle for Life Continental Lager Beer’s N12.5 million Progress Booster Radio Show
As the maiden edition of Life Continental Lager Beer’s Progress Booster Radio Show prepares to go…

NB Plc launches Maltina Teacher of the Year
Nigerian Breweries Plc has launched the Maltina Teacher of the Year, an initiative to recognize and…

NB Plc Declares N33b Dividend For 2017
The Board of Directors of Nigerian Breweries Plc has announced its results for the 2017 operating…

NB Announces 9 Months Results For 2017, Declares 7.9b Interim Dividend.
The Board of Directors of Nigerian Breweries Plc has announced a revenue of N254.7 billion for…

Star Lager Backs Historic Nigerian Winter Olympics Team
Nigeria’s history making Bobsled team and Skeleton athlete to the Winter Olympics got a boost to…

Shareholders Applaud Nigerian Breweries’ 2015 Financial Performance
Shareholders of Nigerian Breweries Plc, Nigeria’s foremost brewer, have applauded the company for recording an impressive…

Notice of Board Resignation – Atedo Peterside
Nigerian Breweries Plc has formally informed The Nigerian Stock Exchange (NSE) and the investing public about…

NIGERIAN BREWERIES PLC EARNS ₦151B REVENUE, ₦5.7B PROFIT FOR THE FIRST HALF OF 2020
Lagos, Nigeria: August 3, 2020 The Board of Directors of Nigerian Breweries Plc has released the…
More News

Football Lovers To Enjoy Another Season Of Star Football SuperFans From October
After a dramatic debut season with a long list of talking points including the Chelsea jinx,…

Heineken Africa Foundation, Nigerian Breweries Plc And The Learning Place Centre Upscale The Autism Project In Lagos
The Heineken Africa Foundation (HAF), Nigerian Breweries Plc (NB Plc) and The Learning Place Centre (TLPCentre)…

Nigerian Breweries Announces the Launch of new Brand “Desperados”
Desperados, the world’s first Tequila Flavoured Beer launched in Nigeria on December 12, 2020 with an…

NB Plc wins Most Socially Responsible Company in Nigeria 2014
Nigerian Breweries Plc, the nation’s foremost brewing company, has been named the Overall Winner, Most Socially…

NB plc Announces The Arrival Of Star Lite
Nigerian Breweries has scored another first with the introduction of a new beer brand named STAR…

Shareholders commend NB Plc on 2014 result, dividend payment
Shareholders of Nigerian Breweries Plc have commended the company for its performance in the 2014 financial…

NB Plc Holds 2015 Edition Of Beyond The School
Nigerian Breweries Plc has taken its career guidance programme tagged ‘Beyond the School” a notch higher…

NIGERIAN BREWERIES EARNS ₦170b REVENUE, ₦13b PROFIT FOR THE FIRST HALF OF 2019
Lagos, Nigeria: Wednesday, July 31, 2019 The Board of Directors of Nigerian Breweries Plc has announced…
Videos
