NSIA, UFF to Invest $26mn in Integrated Farming

The Nigeria Sovereign Investment Authority (NSIA) and UFF Agri Investment, is making an initial invest of $26 million in a farm which comprises a broad acreage of Maize and Soya beans farms integrated into a system of feed mills and storage silos.

The additional capital when released will be deployed towards expanding the farm’s existing infrastructure, increasing installed capacity and enhancing the overall quality and quantity of output.

With this investment, both NSIA and UFF will acquire and develop a 3,500 hectarages of land, of which 2,300 hectares are arable.

The capital injection will be used to construct and install state of the art irrigation infrastructure, water reservoirs, grain storage and processing facilities.

 

Source: The Nation