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Emefiele, Akeredolu to inaugurate largest egg powder plant in Africa,

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Posted on February 27, 2018

The Governor,  Central Bank of Nigeria (CBN), Mr. Godwin  Emefiele  and the Ondo State Governor,  Mr.  Rotimi Akeredolu, SAN,  will  soon jointly inaugurate a new Egg Powder Plant in Emure-Ile, near Owo, Ondo State  established through  a Public Private Partnership (PPP) arrangement between the Ondo State Government and Greenfield Assets Limited. The Acting Director, Corporate Communications at the CBN, Isaac  Okorafor, disclosed this in Abuja yesterday, explaining that  Greenfield Assets Limited, under the PPP arrangement, had  commenced the utilization of 150 Hectares of land for the establishment of 10 million broilers per annum farm with a 4,000 birds per hour meat processing plant; a 600,000 layers farm for the production 100 million eggs per annum; two  20 tons per hour Feed-mill and a 500,000 Eggs per day Egg Powder Plant. Emefiele According to him,  the plant  would create about 25,000  jobs, earn  the country over $1 billion  in  foreign exchange savings and boost increased incomes for poultry farmers in Nigeria. Dr Paul Obanua, the Chief Executive Officer of Greenfield Asset Limited, who mobilized the investors, put the  estimated value of the  Nigerian poultry industry at ¦  300 billion ($850 million), which he said  comprised  of approximately 220 million birds  that produced over  770,000 MT of eggs and 340,000 MT of poultry meat in 2017. According to Agriculture Nigeria, Food processing industries in West Africa spend over $2 billion annually in imports of egg and milk powder products. Nigeria is said to spend $1billion annually in Egg Powder imports alone. The project  with a capital requirement of  N28.4 billion to be invested in capital equipment and working capital, will see  Big Dutchman International  providing  technical and operational management of the project. Other parties to the project are  Marel  Food Processing Company BV, a  leading global provider of advanced processing systems and services to the poultry, meat and fish industries, and  Actini  SAS.

Read more at: https://www.vanguardngr.com/2018/02/emefiele-akeredolu-inaugurate-largest-egg-powder-plant-africa-middle-east/


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