Nigeria, through the Commodities Development Initiative (CDI), has entered into a $10 million partnership with Saudi-based P and I Energy Consults, the owners of Jurassic Abattoir, to export premium red meat and soybeans to the Kingdom of Saudi Arabia.
Under this agreement, Jurassic Abattoir will focus on producing high-quality bovine (cattle) and ovine (sheep) meat, while CDI will oversee market access and regulatory compliance to facilitate exports. The collaboration is expected to utilize infrastructure investments to strengthen Nigeria’s position in the global agricultural market.
According to Anyebe Idoga, Managing Director of P and I Energy Consult, this partnership is a significant step in aligning with both federal and state governments to establish a sustainable export framework. “This partnership is timely and in the nation’s interest as we work in collaboration with the government to harness the necessary investments in infrastructure and systems that will enable us to access the global market, starting with Saudi Arabia,” Idoga stated.
Similarly, Roland Oroh, Managing Director of CDI, emphasized that the deal would increase Nigeria’s capacity to produce and export high-quality meat products, boosting economic growth.
The agreement, signed in Abuja following a visit from Saudi Arabia’s Minister of Environment, Water, and Agriculture in May 2024, is projected to bring significant economic benefits to Nigeria. These benefits include; projected export revenue of $273 million (₦451 billion) by 2025, the creation of 20,000 direct jobs and 100,000 indirect jobs and an increased contribution to Nigeria’s GDP and foreign exchange reserves.
The Jurassic Abattoir project, backed by P and I Energy Consult Limited, will have a daily processing capacity of 1,000 cattle and 500 sheep/goats upon completion in September 2025. Additionally, the facility is expected to create 100 direct and indirect jobs, further contributing to Nigeria’s growing agribusiness sector.
This partnership highlights Nigeria’s commitment to diversifying exports and establishing a strong presence in the global agricultural market, with Saudi Arabia serving as a strategic trade partner.
