Nigeria and UK Asset Green Secure $500 Million Integrated Dairy Deal to Bolster Food Sovereignty

NSIA and Asset Green partner on a massive dairy project to boost Nigeria food security.

By: AXL Media

Published: Mar 18, 2026, 4:35 PM EDT

Source: The information in this article was sourced from Peoples Gazette

A Strategic Leap Toward Agricultural Self Sufficiency

The Nigeria Sovereign Investment Authority, or NSIA, has finalized a landmark Memorandum of Understanding with the British firm Asset Green Ltd. to catalyze the nation’s domestic milk production. This nearly $500 million investment marks a pivotal shift in the regional economy, focusing on the creation of a fully integrated dairy platform designed to stabilize food security. According to British Deputy High Commissioner Jonny Baxter, the formalization of this agreement in London serves as a precursor to President Bola Tinubu’s upcoming state visit, signaling a high level alignment of economic interests between Abuja and London.

Scale and Infrastructure of the Green Field Initiative

The scope of the project is historically significant for the Nigerian livestock sector, spanning approximately 20,000 hectares dedicated to climate-smart forage cultivation. This land will support a massive 10,000-cow milking operation, integrated with high capacity processing plants capable of manufacturing a diverse range of products including butter, cream, and milk powder. Most notably, the facility is designed to generate up to 15,000 metric tonnes of infant formula each year, addressing a critical nutritional gap and reducing the heavy financial burden of importing specialized dairy products from abroad.

Economic Projections and Rural Integration

Beyond industrial output, the venture is structured to serve as an engine for job creation and rural development. Projections shared by diplomatic officials suggest the project will generate more than $620 million in annual revenue once it reaches full operational capacity. The labor impact is equally substantial, with expectations of 2,500 direct roles and an additional 5,000 indirect positions within the broader supply chain. According to Baxter, a key component of the strategy involves the integration of 10,000 rural households through structured out-grower schemes, ensuring that the wealth generated by large scale agro-industry filters down to smallholder farmers.