Emefiele, Akeredolu to inaugurate egg powder plant

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, and the Ondo State Governor, Mr. Rotimi Akeredolu (SAN), will jointly inaugurate a new egg powder plant in Emure-Ile, near Owo, Ondo State, established through a Public Private Partnership (PPP) arrangement between the Ondo State Government and Greenfield Assets Limited. 

The acting Director, Corporate Communications at the CBN, Isaac Okorafor, disclosed this in Abuja yesterday, adding that the facility was the biggest in Africa and the Middle East.

He explained that Greenfield Assets Limited, under the PPP arrangement, had commenced the utilisation of 150 hectares of land for the establishment of a 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 tonnes per hour feed mill and a 500,000 eggs per day egg powder plant.

According to him, the plant would create about 25,000 jobs, earn the country over $1bn in foreign exchange savings and boost increased income for poultry farmers in Nigeria. 

The Chief Executive Officer of Greenfield Assets Limited, Dr. Paul Obanua, who mobilised the investors, put the estimated value of the Nigerian poultry industry at N300 billion ($850m), 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. 

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