September 7

IFC Supports Sustainable Nigeria’s Livestock Production With $4.5 Million Financing

To support the growth and sustainability of Nigeria’s livestock industry, IFC yesterday, announced a $4.5 million financing package to support Nigerian subsidiary of Bar Magen LTD, Agro Bar Magen Nigeria (ABMN), a livestock feed manufacturing company, to increase production of livestock feed and the development of feed storage facilities in the country.

IFC’s $4.5 million financing package, supported by the private sector window of the Global Agriculture and Food Security Program (GAFSP), will support Bar Magen to expand production of livestock feed additives such as vitamin and minerals premixes in Nigeria and to build the country’s first salt and mineral block licks production facility, thereby improving smallholder farmer access to these critical animal feed nutrients.

Photo courtesy of Christophe Maertens.

Source: Leadership (link opens in a new window)

sustainable finance