(Abuja, Nigeria)

On March 24, 2026, a delegation from Shanghai Jianhang Investment Co., Ltd. held a thematic meeting in Abuja with Mr. Alain Thierry Mbangue, Chief Operating Officer for the English-speaking West Africa region at the African Export-Import Bank (Afreximbank), and other relevant officials. The two sides reached a positive consensus on loan arrangements for a layer farm project.

At the meeting, the Shanghai Jianhang delegation provided the African Export-Import Bank with a comprehensive overview of the project proposal: The farm is located in Edo State, Nigeria, with a total investment of tens of millions of dollars. It is planned to have a laying hen capacity of one million birds, and upon reaching full production, it will produce over one million eggs per day. Leveraging approximately 7,000 hectares of privately owned land, the project achieves 100% self-sufficiency in feed raw materials, effectively hedging against local inflation and exchange rate volatility risks. The African Development Bank highly commended this model, describing it as a “key innovation for addressing Nigeria’s macroeconomic risks.”

The African Export-Import Bank has expressed its willingness to collaborate with Shanghai Jianhang to advance the project financing process and support the construction of a modern, industry-leading poultry farm in Nigeria. Once completed, the project will serve the southwestern region of Nigeria, providing a steady supply of high-quality eggs and effectively alleviating the regional imbalance between supply and demand.