A foremost agro-processing company, Chi Farms Nigeria Limited, in collaboration with the federal government, has launched an initiative aimed to develop the meat processing sector. They plan to do this by establishing six new factories in a $2.5bn livestock investment plan. This was facilitated by the visit of the Nigerian Investment Promotion Commission (NIPC) and a Brazilian meatpacking company JBS, to its facility in Ogun State. During the visit, Chi Farms showcased its integrated operations in poultry breeding, aquaculture, and meat processing.
Managing Director of Cormart and Chi Farms Nigeria Limited, Martin Middernacht; Executive Director of Cormart and Chi Farms, Dr. Johannes Flosbach; Director of Corporate Affairs at TGI Group, Sadiq Kassim; and Head of Corporate Communications at TGI Group, Rafiat Gawat were all on hand to receive the government and foreign delegation
In their respective submissions, Chi Farms revealed the challenges faced in the sector such as inadequate power supply and a lack of skilled workforce, which have hindered the sector’s growth while the foreign company expressed confidence in its expertise in constructing integrated poultry facilities as a representative of Big Dutchman, a global poultry equipment manufacturer, in West Africa.
Dr. Flosbach, underscored the need for affordable capital to expand operations and modernise infrastructure: while the Chief Executive Officer of the NIPC Aisha Rimi highlighted the partnership’s significance, explaining its potential to enhance food security and boost Nigeria’s position as a leader in Africa’s meat processing industry. “While there are challenges in the industry, we believe strategic investments can unlock Nigeria’s livestock potential, drive local production, and create employment opportunities. This can only be done at scale when capital is available and affordable. “Nigeria’s livestock sector offers immense growth opportunities. Strategic investments like this can enhance food security, drive exports, and position Nigeria as an African meat processing leader,” they said.
