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3 clusters · 9 sources · 9 days · First seen · Last updated

Olam Agri animal feed plant in Delta State

Overview

Olam Agri has secured approximately 100 hectares of land in Ogwashi-Uku, Delta State, for the establishment of an integrated animal feed manufacturing facility. Governor Sheriff Oborevwori presented the Certificate of Occupancy to the company to support economic activity and food security.

Following the land allocation, Governor Oborevwori broke ground for the $70 million project. The facility is designed to produce 450,000 metric tonnes of poultry feed and nearly 100,000 tonnes of aquafeed annually. By localizing production in the South-South and South-East regions, the plant aims to reduce logistics costs and address high operational expenses driven by the rising prices of maize and soya beans.

Olam Agri Managing Director Amit Agarwal noted that the company selected these regions to address supply gaps, as current operations are concentrated in the South-West. The project, which resulted from the Delta State Economic and Investment Summit, is expected to create employment and provide a reliable market for local raw material producers. The Obi of Ogwashi-Uku, Obi Ifechukwudi Okonjo II, has called for the company to ensure the host community benefits through employment, internships, and skills development.

As part of a broader $400 million African expansion plan through 2028, the Delta State facility is expected to begin operations in 2027. The site will include a poultry feed plant with a daily capacity of 1,500 tons, an aquaculture feed plant producing 300 tons per day, and silo-bag storage capacity of 125,000 tons.

Entities

OLAM Agri · Ogwashi-Uku · Sheriff Oborevwori · Delta State · Nigeria

Timeline

  1. [BUSINESS] 2 sources
    Olam Agri to invest $400 million in African expansion

    Olam Agri plans to invest $400 million in Africa by 2028, focusing on West African food demand through grain processing and animal feed production, including a new $70 million plant in Nigeria.

  2. [BUSINESS] 5 sources
    Delta State allocates land for $70 million Olam Agri feed mill

    Delta State has launched a $70 million Olam Agri animal feed manufacturing facility in Ogwashi-Uku to support livestock farmers and reduce production costs in the South-South and South-East regions.

  3. [BUSINESS] 2 sources
    Olam Agri secures land in Delta State for animal feed plant

    Olam Agri has secured nearly 100 hectares in Delta State, Nigeria, to build an animal feed plant aimed at reducing supply dependence in the South-South and South-East regions.

Sources

asabametro.com · blanknewsonline.com · businesselitesafrica.com · ecofinagency.com · horonyafinance.com · nannews.ng · punchng.com · thenicheng.com · topcelebrities.com.ng

This summary has been updated 1 time: see revision history