The Ekiti State Government and Promasidor Nigeria Limited (makers of Cowbell and Loya Milk) signed a joint venture agreement to resuscitate the moribund Ikun Dairy Farm. This thread by the Ekiti State commissioner of finance and economic development, Akin Oyebode, chronicles the process of resuscitating the farm, from the signing of the agreements up till the beginning of production. It contains tweets, pictures, videos and updates from 2019 up till a few days ago (2021).
Akin Oyebode @AO1379
Jul 23, 2019
Ekiti State and Promasidor agree on a roadmap to resuscitate the moribund Ikun Dairy Farm via a PPP. Today was a good day!
One month after agreeing the roadmap on Ikun Dairy Farm, the MD of Promasidor led a team of experts to conduct a due diligence exercise on the farm. Started with a kick off meeting yesterday.
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Started with a visit to the Onikun of Ikun. Community relations is a very important box you must tick to ensure capital is optimized. Loved his short and precise address.
https://www.youtube.com/watch?v=WXlbu6xY-SI
The serious work starts now. Understand what’s needed to run the farm; what products to make and who to sell to; build a business case; agree the shareholding structure. That’s before deploying capital and starting production. End
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