NSIA, UK's Asset Green Partner on $500m Dairy Project to Boost Food Security
NSIA, UK’s Asset Green Partner on $500m Dairy Project to Boost Food Security
The Nigeria Sovereign Investment Authority (NSIA) has signed a Memorandum of Understanding (MoU) with UK-based Asset Green Ltd to develop a large-scale integrated dairy livestock production and processing platform aimed at transforming Nigeria’s dairy industry and strengthening national food security.
Signed yesterday in London ahead of the State Visit, the MoU establishes the framework for collaboration and project-development cost commitments leading to a formal shareholders’ agreement.
The initiative, one of the most ambitious integrated dairy investments ever undertaken in Nigeria, will combine 20,000 hectares of climate-smart, regenerative crop and forage production with a modern 10,000-milking cow dairy operation.
It will be supported by a state-of-the-art processing plant capable of producing fresh milk, milk powders, butter, cream, and up to 15,000 metric tonnes of infant formula annually.
Designed to reduce Nigeria’s reliance on imported milk powder, the project will modernise agricultural practices, improve nutrition, and integrate up to 10,000 rural households into the supply chain through inclusive out-grower schemes.
Once operational, the platform is expected to generate over $620 million annually and create 2,500 direct and 5,000 indirect jobs nationwide.
British Deputy High Commissioner Jonny Baxter noted that over a decade ago, the UK provided pivotal support to Nigeria in establishing the NSIA, offering legal and financial expertise that helped lay the foundation for its successful launch.
“That early institutional investment has paid dividends, helping to build a resilient Nigerian institution capable of creating jobs and driving transformational, long-term development,” he said.
Baxter described the partnership as “a powerful example of how that groundwork continues to deliver impact – a full-circle moment that reflects the long-term economic cooperation between the UK and Nigeria.”
NSIA’s Managing Director and Chief Executive Officer, Aminu Umar-Sadiq, stated that with the project, Nigeria is laying the foundation for a modern, competitive dairy sector that reduces import dependence, creates meaningful jobs, and delivers long-term value for Nigerians.
“With a project size of almost US$500 million, this is one of the most ambitious initiatives aimed at strengthening Nigeria’s food and nutrition security in a generation,” Umar-Sadiq said.
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