Psaltry Reaffirms Commitment to Sustainable Agribusiness 

Kemi Olaitan in Ibadan 

A leading African cassava processing company in Iseyin local government area of Oyo State, Psaltry International Company, has reaffirmed its drive for a sustainable agribusiness environment in which cassava farmers and neighboring communities will benefit immensely.

This is just as it said out-growers have accessed 600 million cassava stems, and loans, among other inputs from the company.

The Chief Executive Officer (CEO) of the company, Yemisi Iranloye, made the disclosure in Ibadan, in a statement by her Special Adviser on Special Duties, Mr. Abolanle Opeyemi.

Iranloye said this in reaction to a media report criticizing the company for delayed payment to farmers, adding that nothing of such happened, as there has been a payment plan according to a memorandum of understanding that has been used for years.

While addressing the accusations of payment defaults and lack of transparency in the weighing system, she stated that such claims were far from the truth, stating that Psaltry purchased over N1 billion worth of cassava annually from three main segments of suppliers.

The statement read, “Psaltry is reacting to a so called “exclusive” news story from a blog alleging that Oke-Ogun cassava farmers would no longer sell cassava to the company due to, “delayed payments, lack of transparency in weighing system and no traceable benefits for both community and its indigenes.

“This is clearly the work of mischief makers, our priority has always been to contribute meaningfully to the communities where we operate, we believe that sustainable agriculture and responsible business go hand-in-hand, and our 15-year journey reflects that commitment.”