The Nigeria Sovereign Investment Authority has signed a $500 million agreement with UK-based Asset Green Ltd to develop a large-scale dairy project in Nigeria. The partnership, formalised in London, aims to reduce dependence on dairy imports, strengthen food security, and expand domestic production capacity. According to Aminu Umar-Sadiq, the initiative represents one of the most ambitious agricultural investments in a generation.
The project will establish a fully integrated dairy platform spanning 20,000 hectares of climate-smart farming and a 10,000-cow dairy operation. It will include processing facilities for milk, butter, cream, and infant formula, while integrating up to 10,000 rural households through out-grower schemes. The platform is projected to generate $620 million annually and create thousands of direct and indirect jobs across the country.
This investment aligns with broader agricultural reforms supported by institutions such as the African Development Bank Group, which continues to fund initiatives to improve productivity and resilience. Together, these efforts aim to address structural constraints in Nigeria’s agriculture sector, enhance local value chains, and reduce pressure on foreign exchange from food imports.
