Makinde Announces €25m Feed Plant In Ibadan

The Governor of Oyo State, Seyi Makinde, has unveiled a €25m fish and feed plant in Ibadan, the state capital, on Thursday.

During the unveiling, the governor expressed that his administration would continue to provide a conducive environment for businesses to strive, especially for agricultural development and food security.

The governor, represented by the state Commissioner for Agriculture and Rural Development, Olasunkanmi Olaleye, further disclosed that the government had executed a series of Memoranda of Understanding with companies to boost fish food production, haulage, training, and research.

He said, “Let me at this juncture commend the management of Skretting Nigeria Limited, a world-class manufacturer of feeds who started operations in Ibadan in 2014 and has grown the company to internationally recognised standards with a production capacity of 125, 000 metric tons per annum in the state.

“These will, in no small measure, go a long way toward making feeds available at affordable prices to our farmers, thereby ameliorating the challenge of the high cost of feed currently experienced by our farmers."

Earlier, the General Manager of Skretting Nigeria Limited, Seyi Adele-Ige, said the company had actively contributed to the economic growth of Nigeria.

According to her, “Since inception, the company has actively contributed to the country’s economy by producing feed locally, using locally sourced materials. The new feed production facility will further boost the agriculture sector and national GDP and employ 135 staff directly and 150 through a third-party agency.”

The Nutreco’s Managing Director, Middle East and Africa, Pieter Bastiaanssen, also noted that, “Our new plant is committed to producing high-quality, affordable feeds and concentrates, specifically tailored to meet the diverse needs of the Nigerian markets. From extruded fish feed to poultry feed, we are fully equipped not only with advanced products but also with experts on the ground, ready to help farmers enhance production efficiency.”