NewsPandagric Novum as Catalyst for change in the Agricultural sector - Pandagric Novum

October 23, 2021by Pandagric Novum0

In 2018, Pandagric Novum Ltd began its new stratospheric journey through its partnership with two large, impact-focused, institutional investors, the Nigeria Sovereign Investment Authority (NSIA) and UFF Agric Investments from the Netherlands. The company has since been making timely, sustainability-focused investments in backward integration and capacity expansion to achieve its vision ‘To be the catalyst for change and the leader in the agricultural value chain, while being No. 1 choice for food and feeds in Nigeria’.

 

Recently, the leading manufacturer of animal feeds – Pandagric Novum Ltd, held its annual distributors conference and the unveiling of the rebranding of its premier Brand – Supreme Feeds.

The event which held in Abuja, themed “Winning Together”, brought together over 50 major distributors from across the nation, as well as management and staff of the company.

The two-day event was packed with exciting activities that engaged, informed and entertained all guests in attendance; from the Business Meeting to the Gala and award night on Day 1, to the site and farm tour in Nasarawa state on Day 2. The climax of the event was the official unveiling of the New Pandagric bags.

“The poultry sub-sector is the most commercialized of all Nigeria’s agricultural sub-sectors with a net worth of N1.6 trillion according to CBN. Nigeria currently has the 2nd largest chicken population in Africa, with about 180 million birds placed annually (c.a. 30% Layers and 70% Broiler). Annually, 454,000 tons of meat (total meat produced) and 21 billion eggs are produced in Nigeria, yet the consumption per capita of eggs and meat in Nigeria is about 3.5kg and 2.5kg respectively which is significantly lower than the world’s averages 9.4kg and 15.2kg. Despite low consumption per capita, the country has experienced rapid growth in consumption of dairy products.”

“The poultry feed industry is a major contributor to the robust economy of the value chain. It trades in broiler and layers feeds at the price of 310 and 262 EURO/ton respectively. 60% of poultry feed users have reported being satisfied with the quality and price products purchased. While 68% of poultry farmers reported satisfaction with DOC price and quality supplied. The Nigerian poultry sector is pivotally positioned to stimulate an Africa-wide industry development and growth given its share size and experience.”

Kansenkaart, Nigeria Poultry 2020

Also speaking at the event, General Manager Sales & Marketing, Tunji Osoko further stated that, the purpose of the annual forum was to assure distributors of the organisation’s long-term commitment to the development of the Nigerian economy at a time when many investors are discouraged and unwilling to invest. In his words, “The conference is an avenue to solidify ties with feed distributors, boost the confidence of our customers, and in line with the theme of the event, Win Together!”

Supreme Feeds was birthed in 2010, with the installation of a large-scale commercial feed mill in Nasarawa State, with a mission to produce and supply the highest quality animal feed in Nigeria. To support this mission of converting grains and oil seeds to the highest quality animal feed; additional factories for the processing of soybeans and raw maize to high quality maize meal were installed, to enable the company to manage to the greatest extent possible, the quality and consistency of its raw material supply chain.

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