Jigawa signs $10m hatchery deal with Indian firm

The Jigawa State Government has entered into a $10 million joint venture agreement with the Indian firm Srinivasa Farms Private Limited to establish a modern poultry hatchery. This deal aims to enhance the supply of day-old chicks to local farmers, improving production and bolstering food security. The agreement stipulates that Srinivasa Farms will hold a 60 percent stake in the venture, while the state government will retain the remaining 40 percent.

Governor Umar Namadi, presiding over the signing ceremony, expressed confidence in the project's transformative potential for the poultry industry in Jigawa State and across Nigeria. The hatchery is expected to address the issue of long-distance transportation of day-old chicks, commonly experienced in northern Nigeria, and provide a local source of high-quality birds.

Srinivasa Farms' Vice-President, Senthil Kumar Krishnan, highlighted that the investment would support poultry farmers with technical guidance and empower rural communities. The state government also plans to establish delivery facilities and implement a support scheme for poultry farmers during production, underscoring its commitment to improving the sector.