The Nigeria Sovereign Investment Authority has signed a $496 million dairy investment deal with UK-based Asset Green Ltd in London. Furthermore, the NSIA Asset Green UK dairy investment Nigeria MoU was signed during President Tinubu’s state visit to the United Kingdom.
The deal represents one of the most ambitious agricultural investments ever undertaken in Nigeria and a defining moment in the Nigeria-UK economic relationship.
Read Also: Tinubu UK State Visit: Nigeria and Britain Reset a Historic Bond
The NSIA Asset Green UK dairy investment Nigeria platform combines four major components into a single integrated operation.
First, 20,000 hectares of climate-smart regenerative crop and forage production will underpin the entire supply chain.
Second, a modern 10,000-milking cow dairy operation will generate fresh milk at industrial scale.
Third, a state-of-the-art processing plant will produce fresh milk, milk powders, butter, cream, and up to 15,000 metric tonnes of infant formula annually.
Additionally, up to 10,000 rural households will be integrated into the supply chain through inclusive out-grower schemes.
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British Deputy High Commissioner, Jonny Baxter, said:
Once operational, the platform will generate over $620 million annually delivering returns that exceed the initial capital outlay.
On his part, NSIA Managing Director & CEO, Aminu Umar‑Sadiq, said this dela would speed up reforms in Nigeria’s agricultural sector.
“NSIA is pleased to partner with Asset Green on this transformative investment. 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. By combining climate‑smart farming, advanced processing capacity, and inclusive out‑grower participation, we are laying the foundation for a modern, competitive dairy sector that reduces import dependence, creates meaningful jobs, and delivers long‑term value for Nigerians.”
Asset Green Ltd Director & Agrium Capital Ltd CEO, Rod Bassett, said:
“This partnership between NSIA and Asset Green is the business and investment innovation required to unlock the potential of the agriculture sector in Nigeria, with the development of such a future (dairy) food system. The foundation of the approach is one of collaborating with NSIA and their shared vision and purpose to establish a platform to catalyse the development of such a national strategic priority. We are incredibly proud to partner with Nigeria’s premier investment institution. The development of greenfield projects have consistently played a major role in our history, establishing industries or nurturing young businesses that are able to deliver catalytic transformation. This US$500 million greenfield investment in Nigeria’s dairy industry allows for the development of advanced and necessary infrastructure spanning the full production and supply system to enhance local production, reduce the reliance on the huge imports of dairy goods into Nigeria, deliver environmental services and strengthen national food sovereignty and nutritional resilience.”
