Qatar’s locally-owned and largest dairy producer, Baladna, is set to establish a multi-million dollar food and dairy factory in Ogun State in its market expansion plan.
Baladna, an agricultural company that raises livestock and produces dairy products, supplies 95 percent of Qatar’s fresh dairy products.
Dapo Abiodun, Ogun State’s governor, revealed on his X account that Aidan Thomas Iynan, head of Products and Solutions Architecture at Baladna, led by the executive secretary of the Nigeria Investment Promotion Commission (NIPC), Aisha Rimi, paid a courtesy visit to the governor on Wednesday, where this announcement was made.
“Earlier today, we had the pleasure of receiving Baladna, a Qatari-based dairy giant, as it sets plans in motion to establish a multi-million dollar food and dairy facility in Ogun State,” Abiodun stated.
“As Qatar’s largest locally-owned food producer, responsible for over 95% of the country’s fresh dairy supply, Baladna brings with it world-class expertise, cutting-edge technology, and a proven track record in large-scale agricultural operations,” he said.
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This fresh investment follows series of expansion plans by multinationals who are wooed by sweeping policies embarked upon by the government that’s eased currency crisis and ensure price stability.
Nigeria has the largest consumer market in Africa due to its burgeoning population which makes it a priority investment destination for foreign investors.
But investors need more — a guaranteed economic climate that assures repatriation of profits and availability of FX, a condition that’s once scarce but has returned in the country.
The governor believes the investment plans will be pivotal in Nigeria’s drive for ongoing agro-industrial transformation.
The company, led by Asian tycoon Moutaz Al-Khayyat, owns the world’s largest integrated dairy farm and producing over 1.7 billion litres of milk annually in Algeria.
Its entry into the Nigerian market, according to Ogun governor, “underscores the transformative potential of strategic investment in agriculture.”
He strongly believes this initiative aligns with his administration’s vision of positioning Ogun State as a center of agri-based innovation, food security, and inclusive job creation, giving him confidence that Ogun State can achieve dairy self-sufficiency and reduce national dependence on imports.
“We reaffirm our administration’s commitment to providing a seamless, investor-friendly environment devoid of bureaucratic hurdles. This investment stands to create thousands of jobs, enhance productivity, and significantly boost our state’s GDP—advancing both the Renewed Hope Agenda of the Federal Government and our own mission of building a stronger, more prosperous Ogun State.”
