High-protein feed at competitive price
Mayol Fish Feed will serve the rapidly growing aquaculture industry in Nigeria by providing a world-class, high-protein feed at a competitive price. Farm-raised fish production is growing more than 20% per year in Nigeria, driven by population growth, dwindling stocks of wild fish, and rising disposable incomes.
MFF will meet the growing demand by sourcing proprietary ingredients from local producers, providing a significant cost advantage relative to imported feed, which is subject to duty.
Nigeria?s domestic fish market is estimated at $1.75 billion, Nigeria is hoping to grow the market by almost 200 per cent to $5 billion from $1.75 billion. There will be high demand for fish feed and we would be providing a significant cost advantage relative to imported feed.