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Psaltry International Limited appoints Mrs Folusho Olaniyan OON Chairman board of directors. ….
Profile of Folusho Olaniyan OON.
Established in 2005, Psaltry is the first to produce cassava based sorbitol in Africa, and 2nd in the world after Indonesia.
Asset base of $20million USD
PIL also produces Cassava based glucose syrup.

PIL runs an Outgrower farmer scheme of 3500 farmers 500 Agripreneurs.



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.
PIL Enzymizes starch into glucose and hydrogenize glucose into sorbitol.
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.

New Sorbitol plant located in Odo Awaye Oyo state will be officially commissioned in March 2020.
Profile of Folusho Olaniyan OON
CEO Contact Consulting Nigeria & Programme Director Agrainnovate West Africa

Folusho 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 Nig 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 Yieldwise $1million 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.
Folusho 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 Seedconnect 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.
Folusho 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 challenges pertaining to segmenting consumer markets, shaping brands, and growing businesses through innovation and communication.
Folusho 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.
Folusho 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.
Folusho 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.FacebookTwitterEmailShare

News
Fidelity Bank Supports Quality Education Delivery In Makoko
Tier-one lender, Fidelity Bank Plc, has reaffirmed its commitment to community development and educational empowerment with the donation of essential learning materials to schoolchildren in Makoko Community, Yaba, Lagos under its Fidelity Helping Hands Program (FHHP).
The outreach, which was facilitated by the bank’s Legal Services Division, saw the presentation of school bags, notebooks, mathematical sets, writing materials, and other learning materials to pupils of Makoko Anglican Nursery and Primary School; Aiyetoro Nursery and Primary School, and Adekunle Anglican Nursery and Primary School in Lagos.
Speaking during the presentation, Divisional Head of Legal Services, Fidelity Bank Plc, Kingsley Ohiri, explained that the gesture forms part of Fidelity Bank’s broader CSR initiatives centered on empowering young people, supporting education, and enhancing social welfare in vulnerable communities.
“The Fidelity Helping Hands Program is our staff volunteer program that enables employees to identify and execute impactful CSR projects,” he said. “Through this program, staff volunteers from the Legal Services Division are here today in Makoko to distribute back-to-school materials such as school bags, notebooks, pencils and other essential learning tools. This aligns strongly with one of our CSR pillars: education.”
Ohiri further emphasized the bank’s focus on improving access to quality education for children in public schools, especially those from indigent backgrounds.
“Over 500 school bags, more than 2,000 exercise books and several other learning items were distributed today. We at Fidelity Bank are proud to give back to Makoko community. We believe that by supporting these pupils with the tools they need to learn, we are helping to build a stronger future for the pupils, the community and Nigeria,” Ohiri added.
Aimed at enhancing the learning experience of children in one of Lagos’ most underserved riverine communities, the gesture received warm appreciation from school leaders, teachers, and parents who
expressed gratitude for the bank’s support.
“We sincerely appreciate Fidelity Bank for selecting our school as one of the beneficiaries. This gesture will go a long way in helping our pupils improve academically. Recognizing students who placed 1st to 10th in their classes is also a great motivation for our children”, stated the Head Teacher of Adekunle Nursery and Primary School, Mrs. Tinubu Abimbola.
Similarly, the School Manager of Makoko Anglican Nursery and Primary School, Mr. Laoye Joseph, described the donation as a profound act of compassion and responsibility, saying, “We truly appreciate Fidelity Bank and the continuous support for the educational development of our children. Many families here struggle to provide basic learning materials due to economic hardship, so this intervention is highly impactful. We pray that God continues to uplift the bank.”
Teachers present at the event also noted that many pupils often attend classes without basic supplies, a challenge that affects participation and performance. They commended Fidelity Bank for easing the financial burden on parents, especially amid rising household expenses.
Through FHHP, Fidelity Bank Plc’s staff identify impactful projects in their communities and raise funds to support them. The bank’s management matches these contributions, amplifying their reach and impact.
Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.
The Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

L–R: Head Teacher/School Manager, Aiyetoro African Church Primary School, Okoro Chineye Patricia; School Manager, Adekunle Anglican Nursery & Primary School, Tinubu Abimbola; Head, Legal Services Division, Fidelity Bank Plc, Kingsley Ohiri; School Manager, Makoko Anglican Nursery & Primary School, Olaoye Joseph; and Team Lead, Corporate Social Responsibility, Fidelity Bank Plc, Victoria Abuka; during the presentation of educational kits to pupils of Adekunle, Makoko, and Aiyetoro Nursery and Primary Schools in the Makoko area of Yaba, Lagos.
News
SANWO-OLU MOURNS BADAGRY MONARCH, DESCRIBES OBA AKRAN’S DEPARTURE AS GREAT LOSS
The Governor of Lagos State, Mr Babajide Sanwo-Olu, has mourned the passing of the revered Oba of Badagry (Paramount Ruler of Badagry Kingdom) and Permanent Vice Chairman of the Lagos State Council of Obas and Chiefs, Oba Babatunde Akran, the Wheno Aholu Menu-Toyi I, who joined his ancestors at the age of 89.
Governor Sanwo-Olu, in a statement issued on Monday by his Special Adviser on Media and Publicity, Mr Gboyega Akosile, described the departure of Oba Akran as a great loss not only to the people of Badagry but also to Lagos and Nigeria at large because of his remarkable impact as a respected monarch in Nigeria.
He said the revered king, who was on the throne for nearly 49 years, is a traditional ruler known for his wisdom, cultural preservation, and advocacy for Badagry’s development, adding that he rendered selfless service to the people and left behind a legacy of unity, tradition, uplifting and modern development.
Governor Sanwo-Olu commiserated with the people of Badagry and the family of the late Oba Akran of Badagry, over the passage of the paramount ruler, saying his departure is a great loss to the traditional institution in the State.
He said: “On behalf of my wife, the government and people of Lagos, I commiserate with the people of Badagry, the deceased’s family, friends, associates and traditional institutions on the transition of the paramount ruler of Badagry Kingdom and Permanent Vice Chairman of the Lagos State Council of Obas and Chiefs, Oba Babatunde Akran, Wheno Aholu Menu-Toyi I.
“The death of Oba Akran is a great loss to the people of the ancient town of Badagry, and he will be greatly missed. He was a respected journalist. As a traditional ruler, he made positive impacts during his lifetime and contributed meaningfully to the growth and development of his community, Lagos State and Nigeria.
“Oba Akran, as a first-class traditional ruler, left a lasting legacy that the people of Badagry Kingdom will continue to cherish. He served as the custodian of Badagry’s traditions, customs, and cultural heritage for nearly 49 years. He was a stabilising force known for uniting diverse interests within his kingdom and promoted Badagry’s historical sites and cultural festivals nationally and internationally, fostering tourism and cultural exchange.
“He also used his position to attract growth and development to the ancient town. I urge his family, friends, subjects and associates, as well as the entire people of Badagry, whose interests the departed traditional ruler represented and worked tirelessly for during his lifetime, to work towards immortalising him.
“I pray that Almighty God be pleased with the soul of the late monarch and grant the royal family and the people of the Badagry kingdom and Lagos State the fortitude to bear the irreparable loss.”
News
Khartoum Reclaimed: Sudan’s Government Ends Three-Year Exile In Port Sudan
The Sudanese government has returned to Khartoum after operating for almost three years from the eastern city of Port Sudan, following the outbreak of the country’s civil war.
Speaking to reporters on Sunday, Prime Minister Kamil Idris said the “government of hope” was officially back in the capital and would begin restoring services for residents affected by years of fighting.
Sudan’s military leadership was forced out of Khartoum in 2023 when conflict erupted between the army and the Rapid Support Forces (RSF).
The army regained control of the capital in March, marking a turning point in the war.
Khartoum has been recovering from prolonged conflict. According to the United Nations, about five million people fled the city at the height of the fighting.
Residents who remained described an RSF occupation marked by looting and the takeover of civilian homes, while large parts of the city remain damaged.
In October, UN official Ugochi Daniels said basic services in Khartoum were “barely functioning.”
On Sunday, Idris said the government would focus on restoring electricity, water, healthcare, and education in the capital.
He also said 2026 would be a “year of peace” for Sudan, where at least 150,000 people have died since the war began.
The UN has described the conflict as the world’s worst humanitarian crisis, with around 12 million people displaced across the country.
The war started after a power struggle between the army chief, General Abdel Fattah-al Burhan, and his former deputy, General Mohamed Hamdan Dagalo, who leads the RSF.
Both the RSF and the Sudanese military have been accused of committing atrocities during the conflict.
Attempts by international actors to broker peace have so far failed, with both sides receiving backing from foreign powers.
The United Arab Emirates (UAE) has faced scrutiny over allegations of supporting the RSF, claims it has strongly denied.
(BBC)
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News7 hours agoSANWO-OLU MOURNS BADAGRY MONARCH, DESCRIBES OBA AKRAN’S DEPARTURE AS GREAT LOSS
