Niger State Governor, Mohammed Umaru Bago, has announced the signing of a $100 million offtake agreement with the Saudi Export and Import Bank to supply livestock to the Middle East.
According to Bago, this deal, which begins with a $10 million first tranche, signals a turning point in Nigeria’s non-oil export drive and positions Niger as a critical player in global protein supply chains.
Bago made the disclosure at the FirstBank Agric and Export Expo 2025 held at the Eko Hotels and Suites, Victoria Island in Lagos State.
This is incredible.
The Saudi government has given us an offtake agreement for $100 million “They’ve asked the Nigerian Export and Import Bank (NEXIM) to come in, and we’re starting with the first $10 million.” ,” Governor Bago revealed.
This development comes against the backdrop of increasing geopolitical and environmental disruptions in the Sahel and Sudan, which have created urgent demand for livestock across the Middle East.
According to Bago, this is a $2.5 billion annual opportunity, as Saudi Arabia and neighboring countries seek stable, high-volume sources for meat and animal by-products.
“This is not just about meat. The tripe, blood, skin, hooves, every part of the animal has value. We’re building the entire ecosystem.”
