President Muhammadu Buhari inaugurates Thirty billion Naira Olam poultry and feed mill in Kaduna state

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President Muhammadu Buhari on Tuesday inaugurated the N30 billion Integrated Feed Mill, Hatchery and Breeder Farm in Kaduna.

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.

While disclosing that the company will produce 1.6 million day-old-chick every week, Mishra also said 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.

Governor Nasiru El-Rufai of Kaduna state on April 10, 2016 laid the foundation of the project.

The project is adjudged the biggest of its kind in Sub-Sahara Africa.

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.

BY ANAS