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
Article Banner

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
Article Banner
FEATURED9 hours ago

‎South Africa to Bill Nigeria, Other Nations for Deportation Costs of Undocumented Migrants

FEATURED9 hours ago

June 12: Leadership is a Trust Bestowed by the People – Okowa Reminds Politicians on Democracy Day

sowore
FEATURED10 hours ago

UPDATED: How Sowore Collapsed, Rescued During Abuja Democracy Day Protest Clash

FEATURED11 hours ago

‎Musk Becomes World’s First Trillionaire as SpaceX IPO Shatters Records ‎

FEATURED12 hours ago

‎Democracy Day Protest: Civil Society Groups Rally in Lagos Over Insecurity, Economic Hardship

FEATURED12 hours ago

‎Police Recover Hijacked Tanker in Oyo as Suspects Flee Amid Security Dragnet

FEATURES12 hours ago

YEMI CARDOSO LEADS THE CBN TO GLOBAL ACCLAIM, BY TONI KAN

COMMUNITY REPORT19 hours ago

Warri NUJ Calls for Speedy Revitalization of Warri Port, Hails Edo/Delta Customs Command for Crushing 2025 target with ₦125.13bn Revenue

FEATURED19 hours ago

Court Remands Four Suspects Linked to Effurun Motor Park Gun Incident in Ogwashi-Uku Prison

METRO20 hours ago

Police Bust Fraud Syndicate, Recover 1,600 Counterfeit Dollar Bills in Delta

FEATURED20 hours ago

Warri Delineation Crisis: Tinubu Directs Ijaw, Itsekiri, Urhobo Leaders to Agree on Power Sharing Formular, Embrace Compromise

FEATURED21 hours ago

‎Democracy Day: Tinubu Vows No Mercy for Terrorists, Reaffirms Commitment to National Security ‎

FEATURED22 hours ago

‎Democracy Day: Criticise Me, But Never Lose Faith in Nigeria — Tinubu

FEATURED22 hours ago

June 12: Oborevwori Hails Nigerians for Their Unwavering Commitment to Democratic Ideals

FEATURED24 hours ago

‎EFCC Arrests Airport Security Officer, 2 Others Over Alleged N4.4bn Gold Smuggling Syndicate in Kano

Advertisement
Advertisement

z

   


Article Banner