Business

Agricorp invests N4bn in poultry

Agricorp International, Nigeria’s fast growing agriculture producing, processing and exporting company, has invested N4 billion in acquiring poultry production facilities across three states in Nigeria. This will see the company deepen its portfolio to include livestock production, processing and eventual export, while providing employment and contributing to reducing the poultry meat deficit in Nigeria. Since its launch in 2018, Agricorp has specialised in the production and processing of spices through which it has empowered over 5000 smallholder farmers and helped increase their income by about 20 per cent while providing them with better market access to sell their farm produce. It is now ready to open an opportunity for more Nigerian youths to join the agricultural value chain by providing them with the requisite skills and capacity needed through ‘Project Eclipse 2025’, its poultry development programme. With Project Eclipse 2025, Agricorp aims to invest over N20 billion in the production, processing and eventual export of poultry products. This investment is expected to provide direct and indirect employment for an estimated 100,000 Nigerian youths by 2025. It will also aid the promotion of sustainable economic growth for the country, reduce the pressure of importing poultry products and provide productive employment and decent work for youths, 50 per cent of whom will be women.

 

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