Mukhtar Hosts Global Investors on Red Meat Offtake Opportunities


The Minister of Livestock Development, Idi Mukhtar Maiha, on Monday received a delegation from Omrantech Trading Company, a Saudi Arabian firm, and Baba Frayo Investment Ltd to explore strategic investment and offtake partnerships in Nigeria’s red meat and broader agricultural value chain. 

Welcoming the delegation, Maiha reiterated Nigeria’s bold vision to transform its livestock sector into a globally competitive industry. “Nigeria represents one of the most promising livestock markets in the world, currently valued at over $32 billion, with a clear pathway to grow this to $74 billion within the next decade,” he stated. 

“Our strategy is focused on modernising the entire ecosystem—from animal genetics and feed systems to disease control, processing, cold chain logistics, and export readiness,” he added. 


The Minister highlighted,  Nigeria’s comparative advantage, including proximity to Gulf markets, competitive production costs, and strong domestic demand. “With a population of over 235 million people and rising consumption patterns, Nigeria offers both a large internal market and a gateway to regional and international trade,” he said.

The Minister further said, “Today, global demand for red meat is rising, particularly in the Gulf region. Nigeria is uniquely positioned to serve this demand efficiently, with significantly shorter logistics timelines compared to traditional exporters”.

Mukhtar reaffirmed the Federal Government’s commitment to creating a business-friendly environment for investors; saying “We are ready to provide the necessary support—from land access to policy clarity—to ensure that investors can operate efficiently and profitably”. 

Discussions also explored opportunities in feed and fodder production, veterinary pharmaceuticals, leather processing, and infrastructure development, as well as the importance of food security and supply chain resilience.  

Speaking on behalf of the delegation, Chairman of Omtantech Trading Company, Dr. Ali Fahd Ajouf, expressed confidence in Nigeria’s potential; saying, “We see Nigeria as a strategic entry point for agricultural investment in Africa”. 

Dr. Ajouf added that ,the scale of opportunity, combined with the  commitment of the government, makes Nigeria a compelling destination for long-term investment.

"We look forward to deepening our engagement and returning with concrete proposals,” he added.

Both parties underscored the importance of strengthening Global South cooperation, particularly in advancing food security and sustainable trade; with the delegation expected to return following further feasibility assessments.

 This commitment by  both parties signals the beginning of a promising and mutually beneficial partnership aimed at unlocking the full potential of Nigeria’s livestock and agricultural sectors.

This is contained in a Press Statement signed by Henrietta Okokon, Deputy Director, Information and Public Relations of the Ministry 

Comments

Post a Comment

Popular posts from this blog

SCAM ALERT!!! NUPRC Alerts The Public Over Fraudsters Impersonating It's Chief Executive

Image
Says 15  Various Fake Social Media Accounts Identified  The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a disclaimer, alerting the public to the activities of fraudulent individuals posing as the Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, on various social media platforms. In a Press Statement signed by Eniola Akinkuotu, Head, Corporate Communications and Media of the Commission, he disclosed that, "So far, 15 of such fake accounts have been identified by the Commission on X, Facebook, Instagram, LinkedIn and TikTok.  According to him, "The matter has also been reported to the appropriate authorities. "For the sake of clarity, the NUPRC states that Mrs. Eyesan has only one social media account which is a verified page on LinkedIn. "The unscrupulous individuals impersonating the Commission Chief Executive with the intention of defrauding members of the public are hereby warned to desist immediately.  "Anyone who interacts with...
Read more

What We Found Should Make Nigerians Cry’ – NAFDAC Uncovers ‘Death Warehouses’ In Lagos

Image
The National Agency for Food and Drug Administration and Control (NAFDAC) has uncovered what it described as one of the worst counterfeit medicine operations in recent years, seizing over 10 million doses of fake and banned drugs hidden in warehouses in Lagos State.  The agency said the illicit products, valued at over ₦3 billion, were recovered from multiple warehouse structures located around the Trade Fair–Navy axis of the state. Briefing journalists in Lagos NAFDAC’s Director of Investigation and Enforcement and Chairman of the Federal Task Force on Fake and Substandard Products, Martins Iluyomade, said the discovery followed intelligence gathered during a training meeting held on February 3. “Acting on information from that meeting, our team visited the location and found multiple warehouse structures built like residential houses but used solely for storage,” Iluyomade said. He noted that the area was largely deserted, which likely allowed the syndicate to operate undetected....
Read more

Major General Adeniyi Oyebade Marks Another Year.

Image
  The Management and Staff of X-Ray News join family and friends to celebrate our amiable mentor, Major Gen. Adeniyi Oyebade (rtd) as he adds another year. We pray for God's continued blessings upon him as we wish him more years of graceful aging. Sir, may God continue to favour and protect you for your continuous love and assistance towards humanity. More respect, Sir.
Read more