CHI FARMS Ltd and the United States Agency for International Development (USAID) have entered a project with the aim to improve food security in Nigeria by adding over 4,000 metric tonnes of catfish to local markets in Nigeria every year
Apart from contributing to food security the partnership aims at also growing the Nigerian aquaculture industry.
Under the partnership also, over 6,000 soy and maize farmers will be trained to meet the quality standards of Chi Farms. They will be closely integrated in the supply chain of the fish feed mill.
As part of the U.S. government’s Feed the Future initiative, Chi Farms will engage small holder farmers to become successful catfish farmers. Chi Farms will assure supply of quality feed and quality catfish juveniles to the farmers by enhancing its feed milling and hatching capacities.
Executive Director, Chi Farms Ltd, Martin Middernacht stated that: “This development will add positively to the overall food security in Nigeria. We are delighted that USAID has decided to support the proposed initiative of Chi Farms. At the same time, it is at the core of what we do at Chi Farms: We are convinced that working without-growers is a step in the right direction towards sustainable economic development”
His counterpart from USAID, Mr Roland Oroh said: “We are very happy to work towards food security in Nigeria with our trusted partner Chi Farms”. USAID previously partnered with Chi Pharma, a sister company to Chi Farms, to roll out insecticide-treated nets in Nigeria.
Chi Farms Ltd. is a leading company in the poultry, cattle, catfish, feed milling and food processing business in Nigeria. Chi Farms Ltd. is part of TGI Group, the holding and investing company of Chi Ltd., WACOT Ltd., Cormart Ltd. and others.
Feed the Future is the U.S. government’s global hunger and food security initiative. USAID is an independent U.S Government agency with the goal of promoting economic growth and advancement in agriculture and food security, development and humanitarian support around the world. USAID works in 100 developing countries across the globe in sub-Saharan Africa, Asia, Latin American, the Caribbean, Europe and Eurasia. It provides aid through partnerships with companies and other organizations in the country of choice.