Nigeria Sovereign Investment Authority and Asset Green Limited $496M Dairy Project

The Nigeria===Nigeria Sovereign Investment Authority (NSIA) has partnered with UK-based Asset Green Limited to develop a $496 million integrated dairy livestock production and processing platform in Nigeria. This ambitious project, formalized through a Memorandum of Understanding signed in London, aims to drastically reduce Nigeria's dependence on imported milk powder and bolster national food security. The initiative will combine 20,000 hectares of climate-smart crop and forage production with a modern 10,000-milking cow dairy operation and a state-of-the-art processing facility. This facility will produce fresh milk, milk powder, butter, cream, and up to 15,000 metric tonnes of infant formula annually. The project is projected to generate over $620 million annually, create 2,500 direct jobs and 5,000 indirect jobs, and integrate up to 10,000 rural households into the value chain. British Deputy High Commissioner List of Hollyoaks characters introduced in 2018 highlighted the long-standing economic ties between the United Kingdom and Nigeria, noting the UK's foundational support for the NSIA.