Niger State Governor Mohammed Umaru Bago has revealed a groundbreaking $100 million livestock offtake agreement with the Saudi Export and Import Bank. The deal, starting with a $10 million initial investment, marks a significant milestone in Nigeria’s non-oil export efforts and establishes Niger State as a key player in the global protein supply chain.
Key Highlights of the Agreement 👇 👇
Livestock Supply-Niger State will supply livestock to the Middle East, tapping into a $2.5 billion annual market opportunity.
Value Addition- The governor emphasized the importance of value addition in agriculture, citing the potential to set prices and increase earnings.
Partnership with Lagos-The state is collaborating with Lagos to utilize its vast arable land for agricultural production, with plans to allocate up to 100,000 hectares of farmland.
Logistics Modernization-The partnership includes modernizing logistics, with Lagos supporting the deployment of LNG-powered cold-chain trucks to revolutionize meat distribution.
Economic Impact- This deal signals a turning point in Nigeria’s non-oil export drive, positioning Niger State for significant economic growth
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