The Nigeria Sovereign Investment Authority (NSIA) has signed a Memorandum of Understanding with Asset Green Ltd, in collaboration with the International Finance Corporation, to develop a large-scale, integrated dairy production and processing platform in Nigeria.
Announced on Wednesday via NSIA’s social media channels, the agreement coincides with the first day of President Bola Tinubu’s state visit to the United Kingdom, highlighting growing Nigeria–UK cooperation in food security, agricultural development, and long-term investment.
The initiative aims to strengthen Nigeria’s dairy value chain, reduce reliance on imported milk powder, enhance infant nutrition, and create sustainable jobs. The project will cover 20,000 hectares for precision agriculture and regenerative feed production, include a dairy farm with up to 10,000 milking cows, and house a processing facility capable of producing 200,000 tonnes annually to international standards.
NSIA projects that the platform will generate more than 7,500 jobs, with 2,500 direct positions and over 5,000 indirect roles. The authority described the investment as a transformative step toward mobilising capital, reinforcing local value chains, and improving Nigeria’s food security and nutrition outcomes.
The UK High Commission in Nigeria welcomed the partnership, describing it as part of ongoing bilateral efforts to promote investment-led growth, job creation, and sustainable development in Nigeria’s agricultural sector.
