Award winning food and agribusiness company, Olam Agri has partnered with Asian global research institute, Nanyang Technological University based in Singapore, to enhance digital solutions and sustainable innovation in the Nigerian food and agribusiness industry.
Through the partnership which ushered the 2023 Singapore Business Case Competition, an African-centered innovative competition organized by the Singapore-based University, Olam, the lead sponsor of the contest, has demonstrated its commitment to push the frontiers of Climate smart Agricultural practices in Africa
Held between February 25 and March 11 the 2023 SBCC welcomed participants who delivered pitches on climate-smart solutions to improving Nigeria’s agriculture and food security problems. Panel of judges at the competition selected across industries include Saki Kobayashi, Co-founder of EnerScale, Amit Jain, Director of NTU-SBF Centre for African Studies, and representative of Olam Agri.
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The overall winner of the competition, team TPG Consulting, presented solutions that seek to optimise fish farming, meet rising local demands for aquatic foods, mitigate challenges in the poultry segment, reduce cattle herd migration, utilize tech to raise efficiency in handling seed-to-harvest circles in key crop areas, reduce agriculture waste, raise the employment potential of agriculture amongst others.
The team won a $1,500 prize in addition to an all-expense paid trip to Nigeria to implement their solutions.
Saki Kobayashi remarked that the participating teams at the contest demonstrated knowledge and outstanding performance on how to leverage technology and creativity to solve crucial challenges in Nigeria’s agricultural sector.
According to Amit Jain; “The participants at this year’s SBCC contest had the opportunity to test their knowledge, analytical thinking, and communication skills by solving real-life business problems. The teams presented climate-smart solutions targeted at solving agricultural challenges in Nigeria.
“I believe this competition will provide the participants a foretaste of the economic transformation taking place in Africa today.” he added.
Ashish Pande,Country Head for Olam Agri Nigeria also gave the following remarks:
“We are glad to have allowed the smart, young minds to come up with idea case studies that are capable of improving the resilience of our food supply chain. Especially, the ideas represent a huge leve
“The latest investment actions are parts of our signature value chain development drive through the Seeds for the Future project. The actions demonstrate our commitment to helping Nigeria achieve its agriculture development and economic growth agenda,” he added.