Nigeria and UK Firm Launch $500 Million Dairy Venture to Transform National Food Security

NSIA partners with UK’s Asset Green for a $500M dairy platform. The project aims to boost food security and create 7,500 jobs in Nigeria.

By: AXL Media

Published: Mar 18, 2026, 4:16 PM EDT

Source: The information in this article was sourced from Premium Times

Strategic Alliance for Agricultural Transformation

The Nigeria Sovereign Investment Authority, or NSIA, has formally entered into a Memorandum of Understanding with Asset Green Ltd, a firm based in the United Kingdom, to spearhead a landmark dairy development project. Signed in London just ahead of an official State Visit, the agreement establishes a comprehensive framework for collaboration and outlines initial cost commitments for project development. This partnership is designed to bridge the gap between Nigeria’s current agricultural output and its growing nutritional needs by establishing a world class livestock platform. By aligning the technical expertise of the UK firm with the sovereign capital of Nigeria, the initiative seeks to modernize the domestic dairy value chain from the ground up.

Unprecedented Scale of Integrated Production

The planned venture represents one of the most significant and ambitious investments in the history of the Nigerian agricultural sector. The project architecture includes 20,000 hectares dedicated to climate smart and regenerative crop production to provide essential forage for livestock. At the heart of the operation will be a modern dairy farm housing 10,000 milking cows, supported by a specialized processing plant. This facility is expected to be capable of manufacturing a wide range of products, including fresh milk, butter, and cream. Most notably, the plant is designed to produce up to 15,000 metric tonnes of infant formula each year, addressing a critical segment of the market currently dominated by foreign imports.

Economic Impacts and Employment Generation

Once the platform reaches full operational capacity, it is projected to generate an estimated $620 million in annual revenue. This massive influx of economic activity is expected to bolster the national treasury and provide a stable foundation for further industrial growth. The employment benefits are equally substantial, with the project slated to create 2,500 direct roles and an additional 5,000 indirect jobs across the country. By focusing on a large scale industrial model, the NSIA aims to demonstrate the commercial viability of high tech farming in West Africa. The project serves as a strategic move to insulate the Nigerian economy from the volatility of international commodity prices and exchange rate fluctuations associated with food imports.