Fan Milk Plc has disclosed that it has entered into a strategic partnership with Obasanjo Farms Nigeria Limited to boost dairy production in the country.
In a statement, the firm said the partnership was aimed at advancing dairy farming expansion and promoting local sourcing in Nigeria.
According to Fan Milk, the farm, situated in Iseyin, Oyo State, is expected to produce 300 heifers within the first year of the project and double that figure by 2026.
The Director-General and Chief Executive Officer, National Biotechnology Development Agency, Prof Abdullahi Mustapha, disclosed last year that the country was spending $1.5bn on the importation of dairy products annually.
Both companies said they were committed to engaging with local communities to foster positive relationships, address social concerns, and promote responsible corporate citizenship.
The Chairman of Obasanjo Farms Limited, Olusegun Obasanjo, said the partnership would drive forward dairy farm expansion and local sourcing initiatives.
He said, “By investing in training and capacity-building programmes for local farmers, we will empower communities, enhance productivity, and contribute to the development of Nigeria’s agricultural sector.”
The Managing Director of Fan Milk PLC, Kayode Adebiyi, asserted, “The strategic partnership between Fan Milk PLC and Obasanjo Farms Nigeria Limited is designed to leverage the strengths of both companies to enhance local dairy production, reduce import dependency, and foster sustainable agricultural practices.”
