unlocking the cash in cashew the olam factor by sotonye anga
TRANSCRIPT
Mono product company
Began business trading in cashew nuts
05/03/2023 3sotonye anga email: [email protected]
Power of focus
Remained focused and steadfast in the cashew business
05/03/2023 5sotonye anga email: [email protected]
Within few years OLAM had expanded its sourcing of raw cashew nuts to cover the cashew producing areas in the country
05/03/2023 6sotonye anga email: [email protected]
1. Superior logistics2. LBAs3. Farmers4. Credibility
What worked for OLAM:
05/03/2023 7sotonye anga email: [email protected]
Logistics
Built on the strengths ofsuperior logistics
05/03/2023 8sotonye anga email: [email protected]
LBAs
Created a robust network of local buying agents (LBAs)
05/03/2023 9sotonye anga email: [email protected]
Connect with farmers
Deep relationship with farmers
05/03/2023 10sotonye anga email: [email protected]
Raw means limited market
Exporting raw cashewnuts to Indiaand Vietnam
05/03/2023 12sotonye anga email: [email protected]
Export of raw commodities is a fast way to make quick returns but hurts the economy on the long term
05/03/2023 13sotonye anga email: [email protected]
No need to tie up cash in building
infrastructure
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05/03/2023 15sotonye anga email: [email protected]
You are flexible and do not need to be committed to any country
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05/03/2023 18sotonye anga email: [email protected]
We export our jobs when we
export raw commodities
5
05/03/2023 19sotonye anga email: [email protected]
Loss of revenue that would
have accrued from value
addition
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05/03/2023 20sotonye anga email: [email protected]
We cannot realize the
full potential of the crop
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05/03/2023 21sotonye anga email: [email protected]
Cashew farmers in the country will be impoverished
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05/03/2023 26sotonye anga email: [email protected]
Nigeria cannot develop if we continue to export raw
commodities
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05/03/2023 28sotonye anga email: [email protected]
Nigeria cannot prosper as No 1 exporter of raw
commodities
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05/03/2023 29sotonye anga email: [email protected]
Nigeria’s youth unemployment
levels will remain high if
we continue to export raw
commodities
16
05/03/2023 30sotonye anga email: [email protected]
Continuous export of just
raw cashew nuts means danger to
the Nigerian economy
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05/03/2023 31sotonye anga email: [email protected]
Establishing cashew
factories in Kwara and Oyo
States of Nigeria
05/03/2023 35sotonye anga email: [email protected]
Impact of OLAM’s cashew
processing operations in
Nigeria
05/03/2023 36sotonye anga email: [email protected]
This is why we say cashew is about
women empowerment
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05/03/2023 41sotonye anga email: [email protected]
No other industry encourages
women employment in
Nigeria as cashew
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05/03/2023 42sotonye anga email: [email protected]
OLAM TODAY
•Well diversified product mix•20 commodities in its
product line•Operates in 70 Countries05/03/2023 43sotonye anga email:
