Connect with us

BUSINESS

Buhari Inaugurates N30bn Olam Poultry, Feed Mill Project Started By El-Rufai In 2016

Published

on

President Muhammadu Buhari cutting the tape to commission the project

The N30 billion Integrated Feed Mill, Hatchery and Breeder Farm in Kaduna which Governor Nasiru El-Rufai on April 10, 2016 laid its foundation has been inaugurated by President Muhammadu Buhari. 

The project is adjudged the biggest of its kind in Sub-Sahara Africa.

The project investors, Middle East Olam International Business Head, Mr. Vinod Kumar Mishra, had earlier said that when inaugurated, the multi-million dollar investment would utilise around 180,000 tonnes of corn and 75,000 tonnes of soya beans for its feed production.

Mishra said the company had the capacity to produce 360,000 tonnes of animal feeds every year.

He said the company would also produce 1.6 million day-old-chick every week.

He said that it would boost the production of maize and soybeans as well as the development of the Nigerian poultry and aquaculture sectors.

According to him, the 50,000 tonnes of on-site storage, in addition to a similar capacity of outsourced storage, will support food security and price stabilisation.

Advertisement

He said that training on farming practices would be offered to farmers through collaboration with Federal and the state governments to increase farm yields and crop profitability.

Olam International is a leading agri-business operating across the value chain in 70 countries is investing $150 million (approximately N30.0 billion) in the project.

“The project is a state-of-the-art with animal feed mills, poultry breeding farms and a hatchery that will produce 1.6 million weekly day-old-chicks.”

Governor El-Rufai, while performing the ground-breaking ceremony at Chikpiri Gabas village, in April 2016 said, the project was not about the size of its facility, but the employment opportunities that would be created in building and running the poultry project.

[Widget_Twitter id=”1″]

Advertisement
Akpeki
FEATURED2 hours ago

Delta APC Denies Allegation of Refusing to Sell Nomination Forms to Assembly Aspirants

FEATURED20 hours ago

EFCC Quizzes Paramount Energy’s MD for Alleged N72.3million Fraud in Enugu

Rivers Assembly
FEATURED20 hours ago

Delta PDP Hails Supreme Court’s Ruling, Urges Party’s Defectors to Return

FEATURED21 hours ago

S’Court Declares PDP Ibadan Convention Invalid, Dissolves Turaki-led Faction

FEATURED23 hours ago

Supreme Court Saves ADC, Upholds David Mark-Led Party’s Chairmanship

FEATURED1 day ago

Tinubu Appoints Tegbe as New Minister of Power to Improve Power Sector Outcomes for Nigerians

Oborevwori
FEATURED1 day ago

Oborevwori Condemns Police Shooting of Delta Youth, Supports Probe

FEATURED1 day ago

Chaos as Protest Erupts in Ekpan Over Police Extra-judicial Killing of Youth

New-GMD-of-NNPC-Mele-Kele
FEATURED2 days ago

Mele Kyari, Ex-NNPCL Officials to Brief Senate Over N210trn Unremitted Funds in Two Weeks

FEATURED2 days ago

Oborevwori Proposes National Confab Every 10 Years to Promote Inclusive Governance

FEATURED2 days ago

Why Tinubu Fired Saidu Mohammed as NMDPRA Boss, Named Rabiu Abdullahi Umar as Replacement

FEATURED2 days ago

Tinubu Appoints Bianca Odumegwu-Ojukwu as Substantive Foreign Affairs Minister

FEATURED2 days ago

UPDATED: IGP Approves Dismissal, Prosecution of Officers Involved in Effurun Shooting

FEATURED2 days ago

Chief Ayirimi Spits Fire on Delta South, Warns Against Using Party’s Platform to Front Sen. Joel-Onowakpo Aspiration Before APC Primaries

NEWS2 days ago

Serving Councillor in Delta Picks APC Reps Form to Contest Ndokwa/Ukwuani Federal Constituency Election

Advertisement
Advertisement

z