Tectono Business Review gathered that the foremost agribusiness firm in Nigeria, Olam Nigeria Limited, gave over N536 million as financing for 12,000 Nigerian cocoa, cashew and sesame farmers in 2014 under the Olam Livelihood Charter (OLC).

This development was revealed during the release of the annual results of Olam Livelihood Charter (OLC) as at the year ended December 31, 2014. The agribusiness firm pointed out that the financing was made available to farmers as short-term micro-financing, advances for crop purchases and mid-term loans for the procurement of farming inputs.

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