SAMMAZ77 achieved 5–35% higher yields under combined stressors of fall armyworm infestation, Striga parasitism, and severe drought.
The company’s revenue also climbed 24% year-on-year to N442.1 billion (US$363.6 million), buoyed by strong performances in flour, rice, and pasta segments.
This dramatic rise positions Nigeria as a key player in Russia’s expanding agricultural trade with Africa.
The investment will involve the development of a 5,000-hectare estate.
In a country where the minimum wage is ₦70,000 (approximately $50) per month, rising inflation has forced many Nigerians to prioritize their spending.