Olam Agri has commenced the event of its new $70 million Integrated Feed Mill facility in Ogwashi-Uku, Delta State.
The new funding could have capability to ship 1,500-tonne-per-day poultry feed mill, a 300-tonne-per-day aqua feed mill and 125,000-tonne silo bag storage upon completion in 2027.
It will additional strengthen and increase Olam’s animal feed operations in West Africa and mark one other vital milestone within the firm’s increasing funding in Nigeria’s agricultural sector.
Senior Vice President and Business Head of Integrated Feeds and Proteins, Olam Agri in Nigeria, Mr. Amit Agarwal, mentioned “At Olam Agri, we consider constructing a resilient meals system requires a sustained funding in native manufacturing, infrastructure and the partnership that connects farmers’ companies and shoppers.
“The floor breaking of our new Integrated Feed Mill displays our confidence in Nigeria’s agricultural potential and our dedication to strengthening our capabilities throughout meals and feed.
“By establishing production capacity closer to customers in the South-south and South-east, we aim to improve access to quality animal feed, support the productivity of livestock farmers and contribute to the development of a more efficient and competitive livestock sector.”
He acknowledged the assist of the Delta State Government, conventional establishments and different stakeholders in facilitating the mission, noting that the corporate appears to be like ahead to working carefully with the federal government, the Obi of Ogwashi-Uku and the host group to make sure that the funding delivers significant and sustainable advantages.
Highlighting the funding potential to stimulate financial and agricultural growth within the state, the Governor of Delta State, Sheriff Oborevwori, mentioned “We are delighted to witness the graduation of this necessary funding by Olam Agri in Delta State.
“This mission is especially vital due to its potential to stimulate financial actions, create employment alternatives and strengthen the livestock and agricultural worth chains in our state.
“Our administration remains committed to creating an enabling environment for businesses to thrive, attracting credible investors and unlocking the economic opportunities available across our agricultural sector.”
Welcoming the funding, His Royal Majesty, Obi Ifechukwudi Okonjo II, mentioned “We welcome Olam Agri’s funding in Ogwashi-Uku and recognise the alternatives this mission presents for our group and the broader Delta State.
“Beyond the infrastructure and financial advantages, we’re significantly fascinated by guaranteeing that our folks develop into energetic members within the alternatives that this funding will create.
“We look forward to a mutually beneficial partnership built on trust, respect and shared prosperity. We assure the company of our support as the project progresses.”
The President and Global Head of Integrated Feed and Protein, Mr. Sharad Gupta, mentioned that “the Integrated Feed Mill in Delta State aligns with our renewed funding drive.
“It will considerably increase our manufacturing with devoted capability for poultry and aquaculture feed, alongside substantial storage infrastructure.
“It will support the growth of these important sectors, improve supply chain efficiency and strengthen the availability of quality feed for livestock, poultry and aquaculture farmers to boost domestic production of animal protein in Nigeria.”
Dike Onwuamaeze
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