Governor Makinde Visits Agribusiness Company, Psaltry, During Welfare Check

Must Read

News in brief:
– Oyo State Governor Seyi Makinde visited Psaltry International Company Limited to assess its operations and explore potential government support.
– During the visit, the company highlighted its sustainable initiatives and expressed gratitude for the governor’s interest in supporting local businesses.

The governor of Oyo State, Seyi Makinde, visited Psaltry International Company Limited as part of his administration’s welfare check. In his post about the visit, he mentioned that it had been a surprise for the management.

The goal was to find out how the company’s business was faring and in what ways the state government could support its continuous growth.

Oluyemisi Iranloye, the founder and CEO of Psaltry, expressed her appreciation for the governor’s visit. She revealed that he got a tour of the several sustainable projects that the company was involved in such as its biogas and solar energy initiatives.

Psaltry solar energy project in Oyo State. Image Source: LinkedIn/SeyiMakinde.

Founded in 2005, the company’s primary business is processing cassava and it sells cassava flour and starch which are used as raw materials in the production of seasonings, puddings, confectioneries, food, and beverages. It also makes animal feed from cassava peels, garri from yellow cassava, and laundry starch from cassava starch.

The company operates the first sorbitol factory in Nigeria and Africa, a by-product of cassava that is useful in the medical industry as a diuretic as well as laxatives and surgical irrigating.

Its out-grower and in-grower scheme has over 3,500 farmers and 500 young agripreneurs, ensuring that producers in Oyo State continue to have a ready market.

Iranloye reiterated her company’s commitment to community development, sustainability and innovation.

Recall that Makinde had reached some investment deals with businesses and organisations in Sweden earlier in October to strengthen the state’s agricultural sector. The government has also embarked on several input and loan distribution initiatives to boost food security and empower farmers.

Obinna Onwuasoanya
Obinna Onwuasoanya
Obinna Onwuasoanya is a tech reporter of over five years, fiction writer, SEO expert and an editor. He is based in Lagos, Nigeria, and was previously shortlisted for the Writivism Short Story Prize 2018.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More Articles Like This

Latest News

Lagos Food Logistics Hub To Boost Food Security, Stabilise Prices —Sanwo-Olu

News in Brief: - Lagos State is set to launch a massive Food Security Systems and Central Logistics Hub...

Subscribe

  • Gain full access to our premium content
  • Never miss a story with active notifications
  • Browse free from up to 5 devices at once