Olam inaugurates 720,000MT poultry feed mills in two Nigerian states

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Olam has moved to close the demand gap for poultry feed in the country with its state-of-the-art feed mills in Kaduna and Kwara States.

The firm said the facilities were designed to produce high quality feed to boost domestic production of chicken and meet consumer demand in Nigeria.

Specifically, the company stated that Nigeria’s current capacity for poultry feed at 2.5 million would be boosted annually by two of its feed mills with a capacity of 360,000 metric tonnes each.

The Business Head, Animal Protein, Dr. Vinod Mishra, Olam Grains, stated this during a facility tour of its N20bn hatchery and poultry farm in Kaduna on Wednesday.

He disclosed that the feed mill would be supplying local farmers with about 360,000 metric tonnes per year of competitively priced and specially formulated poultry feed.

The firm, according to him, sources about 180,000 metric tonnes of corn and 75,000 metric tonnes of soybeans from local farmers in Kaduna while 160,000 metric tonnes of corn and 85,000 metric tonnes of soybeans are sourced from farmers in Kwara.

He said when completed, the hatchery would have the capacity to produce four billion eggs and 100 million kilogrammes of poultry meat annually and also employ about 600 workers directly and 400,000 workers indirectly.

He said, “We want to increase the per capita consumption of eggs from the current 80 to about 120 by 2020 at an affordable price to consumers. This we believe is part of contributing our own quota in ensuring that Nigerians get easy and affordable access to quality nutrition.

“We are supporting Nigeria’s agricultural transformation agenda by producing quality chicken that can compete with imported products in the domestic market.”

Mishra said the firm’s total investment in Nigeria, including working capital had exceeded $1bn across its various businesses, adding that in line with the Federal Government’s agricultural agenda, the firm had developed a 10,000 hectares rice farm and fully integrated mill in Nassarawa State, supported by an out-grower programme.

He said that local farmers were receiving training in poultry best practices by the firm’s 20 field veterinarians while 60 veterinarians from top 10 Nigerian colleges were on a two-year in-house internship.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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