We have invested up to N15billion in the companies supporting this value chain. These companies have the combined capacity of employing about 2,000 direct workers with an additional 10,000 indirect workers. Potentially, we hope to be able to save up to USD$180million foreign exchange in through our localization effort.
Premier Feed Mills Limited, is the producer of Topfeeds, the leading poultry and aqua feed in Nigeria. We operate a fully automated feed factory with a 300,000 ton per year animal feed mill in Ibadan, Oyo State.
Eastern Premier Feed Mills Limited owns a world class Buhler feed mill facility in Calabar with a total installed capacity of 370,000 metric tons per annum with a capability to produce and bag three different types of feeds simultaneously.
Our purchase of local maize provides employment for over 150,000 Nigerian farmers. It also has the flexibility to meet the demand for all animal feed ratios. Premier is the largest producer of Aqua Feed in Sub-Sahara Africa, and a new state of the art Aqua Feed plant is on order for Eastern Premier Feed Mills.
Not only does the Aqua Feed replace imports, but it also results in export opportunities to other parts of the West Africa region and provide valuable SME employment to the Nigerian fish farms that will be providing protein to the nation.
This is our model 10,000 hectares' farm in Niger State. Our objectives at the farm include primarily producing maize and soy bean using quality inputs, world class management practices and showcasing the potential of commercial agriculture.
With the support of our out-grower schemes, the model farm supplies our feed, edible oil and food value chains with much needed raw materials.
We have invested up to N15billion in the companies supporting this value chain. These companies have the combined capacity of employing about 2,000 direct workers with an additional 10,000 indirect workers. Potentially, we hope to be able to save up to USD$180million foreign exchange in through our localization effort.