A proposed joint venture company involving the partnership of the Nigerian National Petroleum Corporation (NNPC) and Unibio A/S Limited a Danish firm, will soon be established.
The company will be involved in manufacturing animal feeds with a 10 percent equity funding from the Danish government.
The animal feeds will be produced through a conversion of methane gas gotten from Nigeria natural gas resource to protein, with no dangerous effect on human consumption.
This information was disclosed by the NNPC manager Dr. Maikanti Baru after he received delegates from Denmark led by the Danish Ambassador to Nigeria, Mr. Torben Gettermann.
He stressed the importance of the new development on the country’s economy.
“This proposal, though it is coming newly, has already started gaining traction in the industry and across the globe especially in Europe. Nigeria being the first point of call in Africa, we can leverage on the opportunity to increase the revenue of the country through local food production,” Dr. Baru stated.
According to Mr. Torben Gettermann, he claimed that the joint partnership between Denmark and Nigeria is a means for revenue generation, food security, and job creation.