Ekiti State Government has procured 250 cows from Texas, United States to add to existing ones in the Ikun diary farm, as part of the livestock/ milk production scheme of Promasidor following the investment of $5m dollars to completely revive the erstwhile abandoned diary farm.
The Ikun Dairy Farm sited in Ikun-Ekiti, Moba Local Government was recently resuscitated by the state government after signing a $5million agreement with Promasidor Nigeria Limited to form a joint venture company . Part of the agreement also include importing 500 high milk producing breed of cows renovation of the buildings in the farm. The farm would be expected to produce up to 10,000 litres of milk per day at full capacity.
The release by the state government reads, “Ikun Dairy Farm, which is now fully operational for livestock/milk production following a $5m investment by Promasidor, has procured 250 new cows from Texas to add to the existing ones. 10,000 litres of milk is expected to be produced in the next 18-24 months.
The investment of $5 million into Ikun Dairy Farm by Promasidor is also being used to purchase equipment, provide the appropriate herd of cattle, and develop an out-grower scheme with local farmers for providing feed for the cattle.
This sector will therefore be a huge economic benefit for the Ekiti Agro-Allied cargo connectivity. The cargo airport, a supporting enabler of economic growth, will enable Ekiti State to connect to distant markets and national/global supply chains in a swift and reliable manner.
As productivity and revenue increase, Ikun Dairy Farm will create hundreds of jobs directly, and indirectly and also improve the economy of Ikun-Ekiti, the host community, surrounding communities, and Ekiti State at large.”