Stallion Group Set to Create Over 1,600 Jobs For Nigerians

 

In its bid to ensure food security, job creation and attain self-sufficiency in fish production in Nigeria, Premium Aquaculture Ltd – a subsidiary of Stallion Group is all set to kick-start tilapia production at their farm site located at Oyan Dam .

 

 

The main intention of the project, according to the Project Manager,   Tiaju Govindaraju, is to reduce the gap between demand and supply of fish in the country through local production of food fish such as catfish and tilapia. “As per our commitment to the nation, we are building capacities to produce 20,000 MT of fish (4500 MT of catfish and 15,500 MT Tilapia) with an investment of over $100 million in the next 5 years.

 

 

“In January 2015, we had signed a Memorandum of Understanding (MoU) with Ogun-Oshun River Basin Development Authority as per Federal Government’s Agricultural Transformation Agenda,” Govindaraju said.

 

A state-of-the-art feed mill is also in the works, as part of the plans to advance the capacity of the project, as disclosed by the Project Manager, “to make this project more sustainable and eco-friendly, we are planning to build a state of the art feed mill which can produce high quality floating pellet feeds, with locally sourced vegetative raw materials. The Tilapia hatchery with a production capacity of 60 million fingerlings per annum has been mapped to be sited close to the cage site and is currently under construction.”

 

 

The Premium Aquaculture Farm which values both natural resources and community, is set to directly employ about 600 individuals and over 1,000 more indirectly in the course of its operations, especially from the rural areas. Cutting across several service industries, direct employment beneficiaries includes feed raw material suppliers like maize, soya and cassava farmers, fuel suppliers, feed transporters, metal fabrication/boat repairs, and fish distributors.