Chi Farms Nigeria Limited, a subsidiary of Tropical General Investments Group (TGI), is poised to revolutionize Nigeria’s meat processing industry with a planned $2.5 billion investment in partnership with the federal government. The announcement followed a high-profile visit by representatives from Brazilian meatpacking giant JBS and the Nigerian Investment Promotion Commission (NIPC) to Chi Farms’ facility along the Lagos-Ibadan Expressway in Ogun State.
The ambitious initiative aims to establish six state-of-the-art meat processing factories and strengthen the country’s livestock value chain. During the visit, NIPC Executive Secretary Aisha Rimi, JBS Head of International Expansion Fabio Maia, and poultry and swine expert Osorio Dal Bello explored Chi Farms’ integrated operations in poultry breeding, aquaculture, and meat processing.
Chi Farms Managing Director Martin Middernacht, Executive Director Dr. Johannes Flosbach, and other TGI officials showcased the company’s advanced capabilities, including its role as a West African representative of Big Dutchman, a global leader in poultry equipment manufacturing.
Dr. Flosbach emphasized the need for affordable capital to modernize infrastructure and expand operations. “Strategic investments can unlock Nigeria’s livestock potential, drive local production, and create employment opportunities,” he noted, underscoring the challenges posed by high capital costs.
NIPC CEO Aisha Rimi highlighted the partnership’s importance in addressing food security challenges and boosting Nigeria’s standing in Africa’s meat processing industry. “Strategic investments like this can enhance food security, drive exports, and position Nigeria as an African leader in meat processing,” she said.
The initiative also seeks to tackle critical sector challenges, including inadequate power supply and a lack of skilled workforce, which have historically constrained growth. Industry analysts view this development as a major step forward for Nigeria’s agricultural sector, with the potential to significantly impact the economy and food production.
