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Aquaculture
Nigeria produces less than 400,000MT of live fish annually compared to an annual demand of 1.2million MT of fish. The industry is mainly comprised of small-scale fish farmers, who are struggling to compete and have limited technical skills and inputs to raise production levels to commercial scale
While there are pockets of fish farmers in the country, there is a limited number of processors required to drive the growth and development of the aquaculture industry
Production of high-quality fingerlings is one challenge that small holder fish farmers are facing in the industry
Aquaculture production focuses mainly on two species of fish – catfish and tilapia (catfish accounts for about 90% of aquaculture production). Specie diversification is highly required
Our Approach
- To take advantage of the huge opportunity in the aquaculture industry, we led the research into the introduction and domestication of the new farmed fish species that can thrive in our waters
- By playing an active role across the value chain (primary production and processing), we are positioned to unlock the value of Nigeria’s aquaculture industry
- Raise capacity development within the industry by introducing modern aquaculture practices that maximize yield, improve productivity of the fish farmers and increase the annual production of table-size fish
Cassava
Nigeria remains the largest producer of cassava in the world, contributing 20% of global production at 59 million tonnes from 7 million hectares cultivated
While there are pockets of fish farmers in the country, there is a limited number of processors required to drive the growth and development of the aquaculture industry
Majority of the (53.1 million tonnes) of cassava tuber produced is consumed locally as traditional meals while a limited amount is used for industrial purposes such as cassava starch
Local production of cassava starch can only meet 14% of demand:
- With limited supply of cassava tubers, about 50,000MT of cassava starch is produced annually out of the total estimated annual demand of 357,000MT
- Supply gap currently augmented with importation of substitutes such as corn starch
The major supply gap stems primarily from challenges faced in consistently sourcing good quality cassava feedstock at the right price for industrial use
Our Approach
- Work closely with development finance institutions and research institutes to drive the commercial production of high-quality cassava tubers for industrial use by establishing cluster farms for commercial farming of cassava
- Partner with state Governments to establish cassava processing plants that will drive the production of cassava starch for various applications across industries such as food & confectioneries, textile & paper, pharmaceuticals and alcoholic beverages
- Raise capacity development within the industry by introducing modern agriculture practices that maximize yield, improve productivity of the cassava farmers
Poultry
Nigeria remains the largest egg producer in Africa with bird population in Nigeria accounting for 56% of livestock
Poultry sub-sector contributes about 25% of agricultural GDP to the Nigerian economy and is reared by an estimated 7.9 million households across the country
Poultry consumption has continued to outstrip production by an average of 47% annually, indicating a huge opportunity for local production
Our Approach
- Establish a vertically integrated poultry processing facility and feed mill with production capacity of 30,000 birds daily and 10MT of feed per hour respectively
- The facility will produce packaged poultry finished products for local consumption leveraging Grolink Outgrower scheme
Wheat
The wheat industry is an integral part of the country’s food chain, producing flour for low-cost convenient staple and baked foods
Nigeria is the third largest consumer of wheat in Africa with less than 2% self-sufficiency level
Majority of the (53.1 million tonnes) of cassava tuber produced is consumed locally as traditional meals while a limited amount is used for industrial purposes such as cassava starch
Despite the massive market for wheat in Nigeria, a perennial low yield of 1.06MT/Ha deter investment
Our Approach
- Establish a wheat cluster farm for wheat production through Grolink out-grower program using high-quality RSM Norman F2008 wheat seeds from our partner company - a top leader in developing world class varieties of different types of wheat
- Investment in production of certified high-yielding wheat seeds for Nigerian climate