Largest shrimp farm in Sub-Saharan Africa Unveiled in Nigeria

By November 19, 2016 Investment News

Atlantic Shrimpers Limited (ASL), a leader in the Seafood segment in Sub-Saharan Africa, and number one in the Nigerian Fishery sub-sector, has unveiled its latest state-of-the-art shrimp farm located in a community in Badagry, Lagos state. The facility that was commissioned on Wednesday, November 16 also holds the record of being the largest shrimp farm in the entire Sub-Saharan Africa.

The 160 hectares Shrimp Farm is the first of its kind in sub-Saharan Africa and will help to boost Nigeria’s production capacity in the seafood market. The Shrimp Farm will hatch, nurture and process shrimps on the Farm that will serve both Nigeria and the export market.

The latest technological procedures and newly installed ultramodern equipment will ensure fresh top quality shrimps are readily available locally. This will contribute to Nigeria’s food security, improve Nigeria’s trade balance in international markets and create employment opportunities for thousands of Nigerians.

Conducting the commissioning exercise, His Excellency the Governor of Lagos Mr. Akinwunmi Ambode, represented by the Honourable Commissioner for Agriculture, Mr. Oluwatoyin Suarau, was pleased to note that the clarion call for investments in the agriculture sector has been answered by Atlantic Shrimpers Limited.

Suarau in his speech said: “The Nigerian Government is keen to support local investments in agriculture. We must start looking inward and encourage development in areas where Nigeria has a competitive advantage. ASL has led the way by building this impressive facility. This farm will employ many Nigerians and will help the Nigerian economy generate foreign exchange when the products are exported. It will also go a long way to address food security in Nigeria.”

The Commissioner further thanked ASL for siting the facility in Lagos and also taking the investment to Badagry as this will help in boosting the economic activities of the local community.

“As the Commissioner for Agriculture in Lagos State I am happy when people bring such investments to the Centre of Excellence, but I am even happier when such investment is not just what people want but what they actually need. ASL has addressed several needs in Nigeria through this state of the art facility and Lagos State is proud to play host to it.” Suarau said.

ASL has been active in shrimp trawling since the 1990s when they commenced with just 15 trawlers. Since then they have continuously invested in the Nigerian economy, growing the fleet to over 70 trawlers and investing in their own Dry Dock to facilitate in-house maintenance of the fleet.

ASL also developed a value added processing factory, in-house lab, workshops and modern cold storage facilities.

On his part the Managing Director, Atlantic Shrimpers Limited, Kamlesh Kabra said: “This new Shrimp Farm is proof of the company’s continued dedication to investing in Nigeria. We are proud of the fact that we are developing products in which Nigeria has a competitive advantage, all of which are locally sourced and where Nigerians do the value addition in Nigeria. The company’s tropical shrimps are distributed worldwide to over 20 countries, including all the European countries and the USA, bringing much-needed foreign exchange into the Nigerian economy. This Farm will substantially increase our export volumes and foreign exchange generation.”

Atlantic Shrimpers Limited is the producer and exporter of top quality “Prim7Stars” brand of frozen seafood products from Nigeria. Atlantic Shrimpers Limited also produces and supplies frozen shrimp, fish and value added products to the Nigerian market through their own “The Fish Shop” retail outlets that ensures the products gets to the consumer at the best preserved quality. Share on Facebook Share on Twitter The company has several outlets of “The Fish Shop” located strategically across Lagos and Abuja, with more outlets being planned to ensure consumers are guaranteed fresh frozen and nutritious products.

Commending this massive investment, Nigerian Export Promotion Council, Mr. Olusegun Awolowo in his remark said that the opening of the largest shrimp farm in sub-Saharan Africa by Atlantic shrimpers could not have come at a better time than this in view of the global fall in oil price, and even as the Shrimp Farm initiative falls under the One-State-One-Product (OSOP) program, in which Lagos as a state is focusing on fisheries.

“The Nigerian Export Promotion Council has the statutory role to champion the campaign of diversifying the nation’s non-oil export, and Atlantic Shrimpers Limited which is the number one company in the Fishery sub-sector, has also ranked amongst the top twenty non-oil exporting companies in Nigeria for the past six years. We are therefore proud to be associated with Atlantic Shrimpers limited in view of its commitment to non-oil export” said Awolowo.

Source: <Naij News>