CHI Farms Ltd., a member of the TGI Group and a leading agribusiness company in Nigeria, recently hit an all-time record sale of their frozen poultry meat. The sales turnout was as a result of the increased productivity and expanded capacity of the company. Also, the strict implementation of the border closure has supported their local production and sales.
Dr. Tunji Olaitan, Managing Director CHI Farms, expressed his delight with the sales turnout. “We are very pleased with these numbers. We have invested a lot in our business processes and we are glad that the Government is taking active steps to protect the businesses in Nigeria”, he commented.
The border closure with Benin restricts the importation of goods into Nigeria. This was due to the smuggling activities that took place at the border. The border closure has since helped many Nigerian businesses.
Martin Middernacht, Executive Director CHI Farms, explained that CHI Farms is taking steps to invest in preparation for next year. He said, “Although our sales are at the highest point, there is still a market demand gap that we will position ourselves to fill. We will significantly invest to meet the emerging demands for our quality chicken in 2020”.
CHI Farms’ Head of Sales, Temim Garba, explained that the demand for CHI Farms’ chicken has doubled over the last three months. “There is additional demand for our chicken and we are investing to meet this demand, especially for the upcoming festive season. Our capacity has grown and we are expectant for even more growth”, he said.
About Chi Farms Ltd.:
Chi Farms Limited is a leading agribusiness company in Nigeria and a member of the Tropical General Investments (TGI) Group, a global conglomerate with a majority of its investments based in emerging markets.
CHI Farms has been in business for close to three decades, and has grown steadily, offering products and services in the Nigerian Agricultural sector, while employing innovative approaches and technologies.
Over the years, CHI Farms has strengthened and diversified its product ranges and services in poultry, aquaculture, fish feed, cattle breeding and fattening, meat and meat processing. It also offers a range of other services including technical support services, laboratory services and training institute for capacity building and manpower development.