Business
Nigeria Launches Massive Dairy Investment Boost for Food Security
Nigeria dairy investment food security gains momentum as NSIA signs $500m UK-backed dairy deal to boost local milk production and reduce imports
Nigeria has taken a significant step toward strengthening domestic food production and reducing dependence on imports with the signing of a major dairy investment agreement designed to transform the country’s agricultural sector.
Also read: Boosting Food Security: Governor Lawal Launches Distribution of Fertilizers and Farm Inputs for Zamfara Dry Season Farmers
The Nigeria dairy investment food security initiative was formalised through a memorandum of understanding between the Nigeria Sovereign Investment Authority (NSIA) and Asset Green Limited, a United Kingdom-based private investment group, in London ahead of President Bola Ahmed Tinubu’s state visit.
The deal outlines plans for an integrated dairy production and processing platform expected to become one of the most ambitious agricultural investments in Nigeria’s history, according to the British High Commission Nigeria.
Once fully developed, the project will combine 20,000 hectares of climate-smart forage cultivation with a 10,000-milking cow operation and a modern processing facility.
The plant is expected to produce fresh milk, butter, cream, milk powder, and up to 15,000 metric tonnes of infant formula annually.
Officials say the initiative is designed to reduce Nigeria’s heavy reliance on imported milk powder while modernising livestock production systems and expanding local value chains.
A key feature of the project includes integrating up to 10,000 rural households into the supply network through out-grower schemes, a move expected to promote inclusive agricultural development and strengthen rural economies.
The platform is projected to generate more than $620 million annually at full scale, while creating around 2,500 direct jobs and 5,000 indirect employment opportunities across the country.
British Deputy High Commissioner to Nigeria, Jonny Baxter, described the agreement as evidence of long-standing economic cooperation between both nations, noting the United Kingdom’s earlier support in establishing the NSIA through legal and financial expertise.
Managing Director and Chief Executive Officer of NSIA, Aminu Umar-Sadiq, said the nearly $500 million investment represents a transformative step for Nigeria’s dairy sector, combining climate-smart agriculture with industrial-scale processing to build a more competitive and sustainable industry.
Rod Bassett, Director at Asset Green and Chief Executive Officer of Agrium Capital Ltd., said the project would unlock Nigeria’s agricultural potential by improving local production capacity and strengthening food sovereignty.
Also read: GFF, Senator Gbenga Daniel launch 5-years Food Security, Humanitarian Initiative in Ogun East
The initiative reflects Nigeria’s broader economic diversification strategy, with authorities increasingly focusing on agro-industrial development, food security, and deeper international investment partnerships.
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Business
Kola Karim’s Shoreline Group Signs $300 million Deal With Accor to Develop Nigeria’s First National Hotel Platform
Kola Karim’s Shoreline Group has signed a letter of intent with Accor, a world leading hospitality group to establish Nigeria’s first national hotel platform.
The signing took place during the Africa Forward Summit 2026 hosted jointly by Kenya and France in Nairobi.
This ambitious partnership is set to make a significant contribution to the evolving Nigerian hospitality landscape with a substantial investment from Shoreline of $300 million, leveraging Accor’s renowned brand portfolio and expertise.
As gathered the strategic collaboration aims to develop a hotel network across Nigeria, encompassing 10 hotels across eight cities and over 1,200 rooms by 2030.
These properties will span various segments, from midscale to luxury, catering to diverse travelers and contributing significantly to the nation’s tourism growth. The project also includes the establishment of a dedicated hospitality training Academy to nurture local talent and create approximately 1,000 direct jobs.
Mr. Sébastien Bazin, Chairman and CEO of Accor, stated: “We are thrilled to partner with Shoreline Group to unlock the immense potential of Nigeria’s hospitality sector. This partnership is a testament to our belief in Nigeria’s dynamic future.
“By combining Shoreline’s deep understanding of the local market with Accor’s global expertise and diverse brand portfolio, we are poised to create an unparalleled hospitality offering that will set new benchmarks for quality and service.
“Crucially, the establishment of the Accor Academy is integral to this vision, enabling us to deliver immediate talent development for the Shoreline hotel portfolio, demonstrate our long-term commitment to Nigeria through dedicated training facilities, and solidify Accor’s position as the employer and educator of choice in West Africa.”
The Agbaoye of Ibadanland and Chairman of Shoreline Group, Karim, commenting on the development said: “This partnership is central to Shoreline’s strategy of building institutional-quality infrastructure platforms across Africa.
“We anticipate hospitality infrastructure becoming increasingly vital for capital movement and development, particularly in Nigeria where high-quality room supply is underserved. Our choice to partner with Accor highlights our focus on operational excellence and long-term value.
“The hospitality academy is crucial, alongside physical hotels, for developing local talent to sustain international standards. It will support our portfolio and enhance Nigeria’s hospitality workforce.
“This investment aligns with Shoreline’s broader focus on strategic assets in energy, infrastructure, and industrial development. We view hospitality as a natural extension: real infrastructure supporting economic activity, local capability, and national growth.”
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