**Nigeria's Dairy Industry Sees a Bright Future with $496m Investment** The Nigeria Sovereign Investment Authority (NSIA) has made a significant move in the dairy industry by partnering with the UK-based firm, Asset Green Ltd. The two parties have signed a Memorandum of Understanding (MoU) that will bring about a large-scale integrated dairy livestock production and processing platform to Nigeria. This ambitious project, which is expected to transform the country's dairy industry, will cover an area of 20,000 hectares and involve the production of crops and forage for 10,000 milking cows. The cows will be processed at a state-of-the-art plant that will produce a variety of dairy products, including fresh milk, milk powders, butter, cream, and infant formula. The project aims to reduce Nigeria's reliance on imported milk powder and promote the use of local dairy products. This initiative will also modernize agricultural practices, improve nutrition, and create jobs for up to 10,000 rural households through out-grower schemes. Once operational, the platform is expected to generate over $620 million annually and create 2,500 direct and 5,000 indirect jobs nationwide. The project is expected to drive economic growth and contribute to Nigeria's food security. The partnership between NSIA and Asset Green Ltd is a testament to the growing relationship between Nigeria and the UK. The UK provided significant support to Nigeria in establishing the NSIA over a decade ago, and this partnership is a result of that groundwork. "This project is a perfect example of how Nigeria and the UK can work together to drive development and economic growth," said British Deputy High Commissioner Jonny Baxter. "We are proud to be a part of this initiative and look forward to seeing its impact on Nigeria's economy and people." The integration of dairy production and processing will not only improve Nigeria's dairy industry but also contribute to the country's economic growth and job creation. With this investment, Nigeria's dairy industry is set to experience a significant transformation, and the country is likely to see a significant decrease in its reliance on imported milk powder.