Lagos, Nigeria — Local poultry farmers in Nigeria are voicing strong opposition to a proposed $900 million Chinese investment in the country’s poultry sector. The planned partnership aims to establish large-scale chicken production facilities across Nigeria to meet both domestic and international market demands.
The Chinese consortium, whose members have yet to be publicly identified, seeks to construct integrated facilities that would bolster Nigeria’s poultry supply. However, regional officials have confirmed that the agreement is currently under review by the government, and no contract has been finalized.
The proposed deal has sparked concerns among local farmers, who argue that it could lead to a loss of jobs and negatively impact the domestic poultry industry. Sources indicate that Nigerian ministries are exploring a revised structure that could limit foreign equity to minority stakes and include technology transfer clauses. The details of this new structure have not been disclosed.
The situation is still unfolding, with local poultry farmers advocating for the protection of the domestic industry against what they perceive as foreign encroachment.
Source: Africa. Businessinsider
