The Central Bank of Nigeria (CBN) says a new egg powder plant, the largest in Africa and the Middle-East will soon be inaugurated by the Bank’s Governor, Mr Godwin Emefiele, and the Ondo State Governor, Mr Rotimi Akeredolu (SAN), in Emure-Ile area of the state.
Available data shows that Nigeria spends $1billion annually in egg powder imports.
Acting Director, Corporate Communications, CBN, Isaac Okorafor said the plant was established under a Public Private Partnership (PPP) arrangement between the Ondo State Government and a private firm, Greenfield Assets Limited.
He said as part of the partnership, the firm had commenced the construction of a poultry farm with the capacity to produce 10 million broilers per annum; a 4,000 birds per hour meat processing plant; a 600,000 layers farm for the production of 100 million eggs per annum; two 20 tonnes per hour feed mill and a 500,000 eggs per day egg powder plant on 150 hectares of land.
He identified the benefits accruable to the country through the establishment of the plant to include 25,000 job opportunities, over $1billion in foreign exchange savings and increased income for poultry farmers.
On his part, Chief Executive Officer of Greenfield Assets Limited, Dr Paul Obanua put the worth of the Nigerian poultry industry at N300 billion with 220 million birds that produced over 770,000 metric tonnes of eggs and 340,000 metric tonnes of poultry meat in 2017.
Under the partnership, Big Dutchman International will provide technical and operational management for 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.
The project is expected to gulp N28.4 billion.