The proposed facility is part of a US$400 million expansion across Africa, with Olam Agri aiming to increase poultry feed production.
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.
Olam Agri plans to bring animal feed production closer to livestock farmers in Nigeria’s South-South and South-East.
Saudi Arabia is integrating international feed-ingredient sourcing with domestic grain storage and distribution to strengthen supply-chain resilience.
TruValue was developed to provide beef and dairy producers with balanced nutrition, standardised quality and consistent feed availability.
Beyond Nigeria and Ghana, Olam Agri and IDH intend to identify new food and feed projects across other African markets.
The agreement also includes options for SALIC to acquire the remaining 19.99% stake in Olam Agri within three years, potentially giving it full ownership.