NEWS FEED & ADDITIVE MAGAZINE October 2022 81 The International Finance Corporation (IFC), the private sector arm of the World Bank Group, announced a $4.5 million financing package to increase production of livestock feed and the development of feed storage facilities in Nigeria. To support the growth and sustainability of Nigeria's livestock industry, IFC announced a partnership with the Nigerian subsidiary of Bar Magen LTD, Agro Bar Magen Nigeria (ABMN), a livestock feed manufacturing company operating in Nigeria since 2009, to increase production of livestock feed and the development of feed storage facilities in the country. IFC's $4.5 million financing package, supported by the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP), will support Bar Magen to expand production of livestock feed additives such as vitamin & minerals premixes in Nigeria and to build the country's first salt & mineral block licks production facility, thereby improving smallholder farmer access to these critical animal feed nutrients. Salt & Mineral blocks licks are essential nutritional components for ruminant animals such as cattle, goats, and sheep. The project will also support the company to expand its warehouse capacity to store feed raw materials, helping to prevent supply shortages and reduce reliance on imports. Livestock is a priority sector for Nigeria due to its contribution to inclusive economic growth and food security, contributing around 8 percent of the national GDP. With nearly 70 percent of the operational costs of most poultry and other livestock operations going to feed, managing feed quality and cost is critical for Nigeria's sustainable livestock production. IFC financing to support sustainable livestock production in Nigeria Metabolic Explorer (METEX), the French industrial biochemistry group, and its subsidiary Metex Noovistago have created and launched the brand Metex Animal Nutrition. Metex Animal Nutrition will name and cover all commercial, marketing, and applied R&D activities, human & technical resources, and products that are part of the Metabolic Explorer offer dedicated to animal nutrition market. The product portfolio is composed of 10 amino acids registered as feed additives in European Union, and a range of solution targeting the digestive security: inneus®, unique solution based on functional amino acids, and b-noov®, first bio-sourced butyric acids available on the market. This evolution is the result of the strategic evolution of the company, which aims to be market oriented, and will offer a clear visibility of its activities at customer point of view. Etienne Corrent, Business and Innovation director of Metex Animal Nutrition, confirms: “The roadmap is clear: we will keep on developing new solutions for all targeted markets. Concerning animal nutrition, we are expecting additional innovations to come in the next 2 or 3 years. Those new products could be developed and produced in different sites of the group. It is then logical to embrace an organisation market oriented, with specialized and qualified teams”. Metabolic Explorer and its subsidiary Metex Noovistago launch the brand “Metex Animal Nutrition”
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