The financing will support a new feed mill and broiler farm, strengthening the company’s integrated poultry production capacity and local feed supply.
Pharmaceutical companies and investors are expanding into vaccines, genetics, monitoring technologies and livestock health solutions.
The proposed funding could support agricultural production and value chains, creating opportunities to strengthen local feed ingredient supplies in a country that cultivates only a quarter of its arable land.
The proposed facility is part of a US$400 million expansion across Africa, with Olam Agri aiming to increase poultry feed production.
The proposed 60-tonne-per-day processing plant will produce soybean meal for animal feed.
The partnership combines farm-level environmental footprint measurement with independent verification and carbon registry services.
The alliance will link rapid mycotoxin test results to Alltech’s RAPIREAD platform, combining laboratory testing with data interpretation to support feed safety and livestock health decisions.
The integrated facility will combine poultry and aquafeed production with bulk storage, adding capacity closer to livestock and aquaculture producers in southern and southeastern Nigeria.
The global consolidation brings premixes, concentrates, young animal feeds and specialist feed ingredients under one brand, with Agrimprove and Earlyfeed incorporated into the Nuscience portfolio in EMEA.
The new rail-connected facility will strengthen grain deliveries to cattle feeding operations in the Texas Panhandle.