Tuns Farms Nigeria, a leading food production company specialising in the production of broiler meat and other poultry derivatives, will lead the Federal Government’s Aggressive National Egg Production Project (NEGPRO).
The project is a N25 billion programme under the anchor borrowers scheme of Central Bank of Nigeria (CBN), through the Bank of Industry (BoI). It is an initiative of the Federal Ministry of Agriculture aimed at increasing the output of egg production in the country to 50 million table eggs by 2018.
Under the terms of the deal which was recently signed in Abuja by the Federal Government, represented by the Minister of Agriculture and Natural Resources, Chief Audu Ogbeh and the Chairman, Tuns Farm, Asiwaju Olatunde Badmus, Tuns Farm will recommend eligible entrepreneurs to access the N25 billion facility as well as endorse their loan requirements and application and monitor their activities within the scheme.
Besides, Tuns Farm is charged with the responsibility of developing and marketing customised and standard feed concentrate in collaboration with regulatory agencies. The company will leverage its over 30 years’ experience in feed concentrate and poultry business.
Speaking at the ceremony, Badmus said that NEGPRO will aid in job creation and the provision of 50 million eggs on a daily basis by the year 2018.
According to him, the programme will provide sufficient eggs for the school feeding programme for children across the country.
He commended the Federal Government for focusing on agriculture as a pivot for Nigeria’s food security and economic re-growth.
Ogbeh assured Tuns Farm of the ministry’s support towards the success of the scheme.
He called on BoI and other financial stakeholders to support the scheme and actualise the goal of the school feeding programme, aimed at giving a child at least three eggs a week.
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