Qatar’s Baladna to invest in multi-million-dollar dairy plant in Ogun
Ogun cargo airport is set to provide employment for 25000 youths upon its completion - Dapo Abiodun.Qatar’s prominent dairy company, Baladna, intends to invest in a multi-million-dollar facility for dairy and food processing in Ogun State to enhance local milk production and reduce Nigeria’s reliance on imports.
The announcement came during a courtesy visit to Governor Dapo Abiodun in Abeokuta by Baladna officials, along with Aisha Rimi, the Executive Secretary of the Nigeria Investment Promotion Commission.
Governor Abiodun conveyed strong support for the initiative, assuring Baladna of the state’s dedication to ensuring its success.
He emphasized Ogun State’s favorable investment atmosphere and its strategic location near Nigeria’s major consumer markets.
“We had the honor of hosting Baladna, a dairy giant from Qatar, as it initiates plans to set up a multi-million dollar food and dairy production facility in Ogun State.
“Their visit to Abeokuta, accompanied by Aisha Rimi, the Executive Secretary of the Nigeria Investment Promotion Commission (NIPC), represents a crucial step in our ongoing efforts for agro-industrial transformation.
“With the escalation of global climate issues and supply chain challenges, this initiative aligns perfectly with our goal of transforming Ogun State into a hub for agricultural innovation, food security, and inclusive job creation. We believe that with the right partnerships, Ogun can achieve dairy self-sufficiency and lessen the nation's dependence on imports.
“We reaffirm our administration’s dedication to creating a smooth, investor-friendly environment free of bureaucratic obstacles. This investment is expected to generate thousands of jobs, boost productivity, and significantly enhance our state’s GDP—advancing both the Renewed Hope Agenda of the Federal Government and our objective of building a more robust and prosperous Ogun State,” the governor stated.
Baladna, known for operating the world's largest integrated dairy farm and producing over 1.7 billion liters of milk annually in Algeria, aims to replicate its successful approach in Nigeria.
The new facility will encompass investments in land acquisition, feasibility studies, and the establishment of local production infrastructure.
This project supports the federal government's initiatives to improve food security and reduce Nigeria’s annual dairy import expenses, estimated at $1.5 billion.
Aisha Rimi, the Executive Secretary of the Nigeria Investment Promotion Commission, reiterated the Commission’s dedication to attracting and facilitating impactful foreign investments, particularly in key sectors like agriculture.
She remarked that Baladna’s entry into Nigeria represents a significant achievement for the country's investment promotion efforts, indicating an increasing confidence among global agribusinesses in the Nigerian economy.
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