In a major boost to Nigeria’s food security drive, Flour Mills of Nigeria (FMN) has emerged as the only private operator meeting all requirements under the Federal Government’s Silo Concession Revitalisation Programme, setting a benchmark in the battle against post-harvest losses and food wastage.
The programme, spearheaded by the Ministry of Agriculture and Food Security, handed over 22 of the country’s 33 silo complexes to private firms in a bid to strengthen grain storage, ensure food availability, and reduce waste. Out of the 17 silos allocated to five private concessionaires, FMN operating three silo complexes through its Special Purpose Vehicles (SPVs) stands out as the sole company fully complying with financial, operational, and performance obligations.
Post-harvest losses remain a significant challenge in Nigeria, costing the economy an estimated $10 billion annually. By adhering strictly to concession agreements, FMN has positioned itself as a model for sustainable food storage and supply, offering a blueprint for other operators.
Government officials note that while some silo complexes managed by other firms are underutilised or face structural damage from vandalism, FMN’s facilities continue to function optimally. This success, they argue, underscores the potential of strong private-sector participation in tackling Nigeria’s food security challenges.
The initiative is part of broader efforts to modernise storage infrastructure, enhance cold-chain capacity, and secure grain reserves against wastage, ensuring that farmers’ hard work translates into consistent food availability for millions of Nigerians.
