Olam Agri has acquired 99.99 hectares at Ogwashi-Uku in Aniocha South Local Government Area of Delta State for a planned animal feed production plant, Animal Business MEA reported on October 29, 2026. Governor Sheriff Oborevwori presented the Certificate of Occupancy to the company at Government House, Asaba.
The project follows the Delta Economic and Investment Summit and fits the state's push for private investment and economic diversification, Asaba Metro reported. The outlet described the investment as "multi-billion-naira" but gave no figure.
Closing a Regional Supply Gap
Olam Agri Managing Director Amit Agarwal said the company chose the South-South and South-East because farmers there depend on feed supplied from the South-West, where Olam Agri already runs feed plants, according to Asaba Metro. The new plant would move production closer to those markets.
Neither report gave the plant's planned capacity, the size of the investment or a construction timeline.
Governor Cites Due Process
Oborevwori said his administration wants to create conditions that help investors and businesses grow. "This occasion reflects our commitment to following due process in all our dealings," he said, according to Animal Business MEA.
The Obi of Ogwashi-Uku, Obi Ifechukwudi Okonjo II, asked the company to make sure the host community benefits through jobs, internships, skills development and technology transfer.
Feed Costs Squeeze Farmers
The plan comes as the federal government tries to bring down feed costs. The Federal Ministry of Livestock Development said on October 19, 2026 that feed and fodder make up about 70% of total livestock production costs, as it began drafting an implementation framework for its National Feed and Fodder Policy, according to the ministry. All 29 states in the Livestock Productivity and Resilience Support Project are to build that framework into their annual work plans.
Poultry farmers put the share even higher for their sector. Dr Olalekan Odunsi, chairman of the Nigerian Poultry Show, said feed accounts for about 75% of poultry production costs, The Guardian reported on October 23, 2026. Farmers have also called for cheaper loans and insurance against disease losses.
Olam Agri is also active in other parts of the food chain. In April 2026 it opened a $50 million soybean crushing plant and feed mill in Ilorin, Kwara State, with capacity to process 250,000 to 350,000 tonnes of soybeans a year, MillingMEA reported.
FoodPrices Nigeria tracks egg prices across Lagos markets. Feed is the largest cost for egg producers, so new feed capacity closer to farms in the South-South and South-East could ease one source of pressure on egg prices.