Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), and the Ondo State Governor, Mr. Rotimi Akeredolu, SAN, will jointly inaugurate a new Egg Powder Plant in Emure-Ile, near Owo, Ondo State.
The egg Plant, which was established through a Public Private Partnership arrangement between the Ondo State Government and Greenfield Assets Limited, is said to be the largest in Africa and the Middle-East.
Isaac Okorafor, the Acting Director, Corporate Communications at the CBN, made the disclosure on Tuesday in Abuja.
“The 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,” the CBN spokesman said.
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.
The project with a capital requirement of about N29 billion to be invested in capital equipment and working capital, will see Big Dutchman International providing technical and operational management.
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.
On his part, Dr Paul Obanua, the chief executive officer of Greenfield Asset Limited, 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.
Nigeria is said to spend USD1billion annually in Egg Powder imports alone.