Ogun attracts $250m dairy investment in agric sector

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Ogun State has secured a $250m investment in its agricultural sector as Pure Dairy Herds announced plans to establish a large-scale dairy farm in the state.

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The company’s representative, Farouk Gumel, disclosed this to journalists on Tuesday after a meeting with Governor Dapo Abiodun at the Governor’s Office, Oke-Mosan, Abeokuta, according to a statement.

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Gumel said the firm is partnering with international experts to develop a dairy farm aimed at increasing local milk production and strengthening Nigeria’s agricultural value chain.

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He revealed that the company has completed the acquisition of land for the project in Ogun West Senatorial District, paving the way for the commencement of development activities.

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According to him, the choice of Ogun State was informed by its investor-friendly policies, business environment and ongoing infrastructure development, particularly in Ogun West.

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He commended the host communities for their reception and cooperation, describing the location as suitable for large-scale dairy farming. “Ogun is the best. We already have a few operations in Ogun State, and this project is a testament to how well we have been received and treated,” he said.

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“We are fortunate to have Ogun State as our host, and we are particularly excited about moving into Ogun West, which holds great promise, especially with the critical infrastructure projects taking place in the area. For now, we are looking at an initial investment of $250 million, but as we continue to expand, that figure is expected to increase.”

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Gumel further disclosed that preparations are underway for the groundbreaking ceremony of the dairy farm, which is expected to take place within the next two to three weeks.

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The investment is expected to increase local dairy production, create jobs and stimulate economic activities in Ogun West.

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