Contrary to concerns raised by local poultry farmers about facing stiff competition with the sudden entrance of Olam Group in the sector, the group has explained that its investments are in the value-chain and not related to commercial broiler growing and selling of live birds.
Olam’s N30 billion poultry feed mills and hatchery farms in Kaduna were inagurated in 2017, by President Muhammadu Buhari, primarily to produce poultry feeds and chicks for local poultry farmers. However, Olam noted that it has not built any layer farm and neither does it intend to build any.“Since Olam is in DOC and Feed business, we sell and provide technical and farm management support to all category of farmers, including some large farmers. We also support the revival of moribund farms, in order to put the investments made by the local Nigerian farmers, entrepreneurs to productive use, and generate employment for the local community.