Mrs Folusho Olaniyan Becomes Chairman of Psaltry International Limited
She has served
as consultant/ market analyst to Partnerships In Niger Delta PIND project, CAVA Cassava Adding Value for Africa; a Bill
and Melinda Gates funded project, headquartered at the Federal University of
Agriculture , Abeokuta, Nigeria , and as expert advisor to Dalberg Global
advisors on the IDH Market study on commercial opportunities in agricultural
value chains in Nigeria. Folusho also served as Business
Development and Marketing Adviser to MADE (Market For Development in The Niger
Delta), funded by DFID through DAI UK and as a consultant to Palladium Group
United Kingdom, on the West Africa Food Markets Pilot Programme in 2016. She
also served on the judging panel of the Rockefeller foundation Cassava Yield wise
$1 million dollars Challenge set up in 2016 to promote innovation in cassava
post harvest practices, as well as being a consultant to the World economic
forum Grow Africa project in, on data assessment of maize , soya bean,and
coffee sectors in Tanzania, Ghana, and Ethiopia.
FIIRO 2018 SUMMIT
Onetime Managing Director of UTC PLC, Mrs Folusho Olaniyan OON, has been appointed the Chairman of Psaltry International Limited (PIL), which was established in 2005. The company is the first to produce cassava based sorbitol in Africa and 2nd in the world after Indonesia. With an asset base of $20 million USD, PIL also produces cassava based glucose syrup while the Sorbitol plant is scheduled to be commissioned not later than the second quarter of 2020. The company runs an Outgrower farmer scheme of 3500 farmers 500 agripreneurs.
The new Sorbitol plant located in Odo Awaye Oyo state will be officially commissioned in March 2020. Sorbitol is a major raw material for toothpaste production, while food grade starch is a raw material for seasoning cubes, beverages and medications. Psaltry is the major supplier to Nestle, Unilever, Nigerian Breweries, Promasidor
Factory Capacity
• 24MT per day sorbitol factory.
• 40MTper day food grade starch
• 20MT per day High quality cassava flour
Waste Management
The factory recycles cassava peels and pulp waste into pellets for powering wood boilers in the production factory. Other products of PIL include enzymize starch into glucose and hydrogenize glucose into sorbitol.
Mrs Folusho Olaniyan is the CEO of Contact Consulting Nigeria & Programme Director
of Agrainnovate West Africa, She started her career in the food industry as a
management trainee with A.G. Leventis Nigeria PLC. in 1988. As Head of Sales
and Marketing, in 2005,she joined UTC Nigeria PLC and was appointed Managing
Director/CEO in 2007;a post she held till 2013, when she collaborated with the
Federal ministry of Agriculture and rural development on the Agricultural transformation agenda, to
pioneer the commercialization of cassava flour inclusion in bread and
pastries.She set up Contact Consulting Nig. Ltd; a Market Research, Business
advisory and advocacy, organization, focused on Agricultural value chain
development and investments in 2013.
She has served
as consultant/ market analyst to Partnerships In Niger Delta PIND project, CAVA Cassava Adding Value for Africa; a Bill
and Melinda Gates funded project, headquartered at the Federal University of
Agriculture , Abeokuta, Nigeria , and as expert advisor to Dalberg Global
advisors on the IDH Market study on commercial opportunities in agricultural
value chains in Nigeria. Folusho also served as Business
Development and Marketing Adviser to MADE (Market For Development in The Niger
Delta), funded by DFID through DAI UK and as a consultant to Palladium Group
United Kingdom, on the West Africa Food Markets Pilot Programme in 2016. She
also served on the judging panel of the Rockefeller foundation Cassava Yield wise
$1 million dollars Challenge set up in 2016 to promote innovation in cassava
post harvest practices, as well as being a consultant to the World economic
forum Grow Africa project in, on data assessment of maize , soya bean,and
coffee sectors in Tanzania, Ghana, and Ethiopia.
She is a member
of the project advisory council of BASICS-(Building an Economically
Sustainable, Integrated Seed System for Cassava In Nigeria), a 4 year project
(2016-2020) funded by Bill and Melinda Gates foundation. Folusho is also a
member of the Governing council of Ekiti state university Nigeria.
Her firm, Contact
consulting Nigeria is the conference partner to Informa group UAE on the Agrainnovate
West Africa conference and exhibition, which has been successfully run from
2013 to date. Contact Consulting Nigeria is founding partner to Nigerian
Agricultural seeds council on the Seed connect Africa Conference and exhibition
launched in 2017.
Folusho
led the advocacy team on the AGRA $240,000USD funded policy reform project
titled: Advocacy for the passage of the fertilizer control bill, the Nigerian
independent warehouse regulatory agency bill, and the presidential assent to
the Nigerian seed council Bill.,from October 2018 to January 2020. She has the
responsibility for developing and coordinating the advocacy workplan for the
project, in collaboration with the Nigerian economic summit group. The National
seeds council bill was assented to by the President of Nigeria in 2019, and the
fertilizer bill was passed by the Nigerian Senate also in 2019.
She
also served as expert advisor to Dalberg Global development advisors in
partnership with IDH The Sustainable Trade Initiative of the Dutch Government, on
the Ondo state commercialization study on five high potential agricultural
value chains: Cocoa, Oil palm. Cashew. Aquaculture, Vegetables in Ondo state in
2019.
In October 2019, Folusho partnered with
Ambidextrous UK to develop the Brands Basecamp Africa project, with the
objective of nurturing talent, and teaching best practice, to help businesses
meet local challengespertaining to segmenting consumer markets, shaping brands,
and growing businesses through innovation and communication.
Mrs Olaniyan is
a fellow of the Chartered Institute of Marketing UK, and a fellow of the
Institute of Directors. She holds a Masters degree in Public Administration
from the University of Lagos, Nigeria, and a professional postgraduate Diploma
in Marketing from the Chartered Institute of Marketing, Cookham, United Kingdom.
She attended the Johnston institute for responsible leadership at the University
of Pittsburgh Pennsylvania for a certificate programme in organizational
leadership in 2009.
She has attended
two fellowship programs of the United States Department of Agriculture USDA, on
Women in Agriculture, and snack food development at the Iowa state University
USA between 2015 and 2017.A Cochran fellow of the United States Department of
Agriculture USDA, Folusho is also a member of the International Food and
Agribusiness Management Association, USA.
She is the current
program Director of Agra innovate West Africa, an annual conference funded by
Informa Group UK and UAE. Informa is the world’s largest publicly quoted
exhibition company. The Agrainnovate agribusiness trade show and conference is an
annual knowledge sharing and business partnerships/ deal making platform attended
by 6,000+ visitors from over 20 countries across the globe. In recognition of
Folusho’s contributions to the Nigerian food industry, she was awarded National
honours of Officer of the Order of the Niger (OON) in September 2014 by the
President and Commander in Chief of the Federal Republic of Nigeria.
Mrs Folusho Olaniyan OON FCIM
She is the Chief Executive Officer of Contact Consulting Limited after putting 30 years fruitful career in food industry in Nigeria. Mrs Folusho Olaniyan OON nee Borisade is the Programme Director Agrainnovate West Africa, and a member of Project Advisory Council for BASICS (Building an Economically Sustainable Integrated Cassava Seed System) and onetime Managing Director of UTC PLC. She has earned herself a respectable voice on confectionery related issues as an authority in this specialized area in the Nigerian corporate world. The feat of UTC under her leadership over the famous maiden cassava bread production in Nigeria continues to trail her and earns her recognition among relevant institutions within and outside Nigeria.
June 13, 2017
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