How To Start A Lucrative Soybean Meal Production Business in Nigeria and Africa: The Complete Guide

Soybean meal production is a viable agribusiness venture in Nigeria and Africa as it offers great potential for revenue generation and job creation. Soybean is a widely cultivated crop in Nigeria and Africa, with Nigeria being the largest soybean producer in sub-Saharan Africa. According to the Food and Agricultural Organization (FAO), Africa’s soybean production has grown steadily in recent years, reaching over 4.3 million metric tons in 2020. Other African countries such as South Africa, Zimbabwe, and Zambia also produce significant amounts of soybean. Globally, the demand for soybean meal is increasing, with a projected growth rate of 4.2% from 2021 to 2026.

Soybean meal production is an important aspect of the soybean value chain as it involves processing the soybean into a high-protein meal that can be used as animal feed. This makes it an attractive business opportunity in Nigeria and Africa, as the demand for animal feed is constantly increasing due to the growth in livestock production.

Nigeria is a major exporter of soybean meal to other African countries such as South Africa, Ghana, and Togo. The export potential for soybean meal production is significant, as the global demand for animal feed continues to rise. Soybean meal production in Nigeria and Africa presents a significant export opportunity due to its favourable climate and arable land. In 2020, the global soybean meal market was valued at $71.8 billion and is projected to reach $105.4 billion by 2028.

The soybean meal production business in Nigeria and Africa presents a promising opportunity for entrepreneurs and investors to tap into the growing demand for high-quality animal feed. The government has also shown its commitment to supporting the soybean value chain through various agricultural policies and initiatives aimed at improving production and processing capacity.

With the increasing demand for soybean meal globally, investing in soybean meal production business in Nigeria and Africa presents a lucrative opportunity for investors and entrepreneurs.

What Is Soybean Meal?

Soybean meal is a high-protein byproduct of soybean oil extraction, commonly used as an ingredient in animal feed. Its scientific name is Glycine max. Soybean meal is a critical component of the animal feed industry, and its production is an essential part of the soybean value chain.

What Is The Soybean Meal Production Business In Nigeria and Africa About?

Soybean meal is the byproduct that remains after the extraction of oil from soybeans. It is a high-protein animal feed that is commonly used to feed poultry, livestock, and aquaculture. Soybean meal production business involves the processing of soybean meal into animal feed, which is a profitable venture in Nigeria and Africa. Soybean is one of the most cultivated crops in Nigeria, and it is used in producing different food items, such as soy milk, tofu, and vegetable oil.

Soybean meal production is a value-added process that provides an opportunity for farmers to earn additional income. The process involves crushing the soybean seeds, separating the oil from the meal, and then processing the meal into animal feed. The yield of soybean meal production depends on the quality of the soybeans, the efficiency of the processing equipment, and the expertise of the operator.

Research has shown that soybean meal is an excellent source of protein for animal feed, and it is more cost-effective than other sources of protein. The high protein content in soybean meal makes it an ideal feed for poultry, swine, cattle, and fish. Soybean meal production is a profitable business venture in Nigeria and Africa, with significant potential for export to other countries.

Benefits of The Soybean Meal Production Business In Nigeria and Africa

Employment Generation: Soybean Meal Production Business is capable of generating a large number of job opportunities in the areas of farming, processing, packaging, and distribution, thus contributing to the local economy’s growth.
Revenue Generation: Soybean Meal Production Business is a profitable venture that can contribute to the revenue generation of the economy. Soybean meal is one of Nigeria’s major agricultural exports, earning the country millions of dollars annually.
Foreign Exchange Earnings: Soybean Meal Production Business can earn foreign exchange for the economy through exportation. Nigeria is one of the major exporters of soybean meal in Africa.
Diversification of Income Sources: Soybean Meal Production Business offers farmers an alternative source of income, as it is a high-value crop that can be sold both locally and internationally.
Encourages Food Security: Soybean Meal Production Business provides a stable supply of protein-rich animal feed, which can contribute to food security and increase the availability of protein-rich food.
Boosts Livestock Production: Soybean Meal is a valuable protein source for livestock feed, which can improve the quality and quantity of livestock production.
Promotes Agricultural Development: Soybean Meal Production Business can promote agricultural development by encouraging the cultivation of high-value crops and improving farming techniques.
Improvement of Soil Health: Soybean plants help to improve soil health through nitrogen fixation, which reduces the need for chemical fertilizers.
Provides Raw Materials for Other Industries: Soybean Meal Production Business provides raw materials for other industries such as the food and beverage industry, cosmetics industry, and pharmaceutical industry.
Source of Energy: Soybean Meal Production Business is an alternative source of energy as soybean oil is used in the production of biodiesel.
Provides Nutritious Food: Soybean Meal is a nutritious food source that is rich in protein, fiber, and essential minerals.
Supports Smallholder Farmers: Soybean Meal Production Business can support smallholder farmers by providing them with a profitable and sustainable means of income.
Encourages Technological Advancement: Soybean Meal Production Business can encourage technological advancement in agriculture through the adoption of new farming technologies and processing methods.
Promotes Economic Growth: Soybean Meal Production Business can promote economic growth by increasing the agricultural sector’s contribution to the GDP.
Reduces Import Dependency: Soybean Meal Production Business can reduce import dependency for livestock feed and other soybean meal products, thus saving foreign exchange and promoting local industries.

Health Benefits of Soybean Meal

Promotes heart health: Soybean meal is rich in omega-3 and omega-6 fatty acids, which can help reduce the risk of heart diseases.
Helps with digestion: Soybean meal is a good source of dietary fiber, which can aid in digestion and prevent constipation.
Promotes bone health: Soybean meal is rich in calcium, magnesium, and phosphorus, which are essential for bone health.
Regulates blood sugar levels: Soybean meal is a low glycemic index food that can help regulate blood sugar levels and prevent diabetes.
Boosts immunity: Soybean meal contains various vitamins and minerals that can help boost the immune system and prevent infections.
Improves skin health: Soybean meal contains antioxidants and vitamins that can help improve skin health and prevent aging.
Reduces inflammation: Soybean meal contains phytonutrients that can help reduce inflammation and prevent chronic diseases.
Promotes weight loss: Soybean meal is low in calories and high in protein, which can help promote weight loss.
Improves vision: Soybean meal contains vitamin A and other nutrients that can help improve vision and prevent eye diseases.
Lowers cholesterol: Soybean meal is rich in phytosterols, which can help lower cholesterol levels and prevent heart diseases.
Reduces the risk of cancer: Soybean meal contains phytochemicals that can help reduce the risk of cancer.
Improves brain function: Soybean meal is rich in choline, which is essential for brain health and cognitive function.
Reduces the risk of osteoporosis: Soybean meal is rich in calcium, which can help prevent osteoporosis.
Improves hair health: Soybean meal contains biotin, which can help improve hair health and prevent hair loss.
Boosts energy levels: Soybean meal is a good source of complex carbohydrates, which can provide sustained energy throughout the day.

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Business Opportunities In The Soybean Meal Production Business In Nigeria and Africa

Livestock feed production: Soybean meal is a valuable ingredient in animal feed formulations, making it a potential source of revenue for livestock feed producers.
Food processing industry: Soybean meal is a versatile ingredient that can be used in the production of a variety of food products such as bread, biscuits, noodles, and more.
Cooking oil production: Soybean oil is a widely used cooking oil and is produced from soybeans, making it a potential revenue source for cooking oil producers.
Soap and detergent production: Soybean meal can be used in the production of soap and detergent, providing a potential revenue source for producers.
Fertilizer production: Soybean meal can be used in the production of organic fertilizers, providing a potential revenue source for fertilizer producers.
Cosmetics industry: Soybean meal is used in the production of cosmetics due to its moisturizing and antioxidant properties, making it a potential revenue source for cosmetics producers.
Pharmaceutical industry: Soybean meal contains compounds that have been shown to have potential health benefits, making it a potential source of revenue for pharmaceutical companies.
Biofuel production: Soybean meal can be used in the production of biodiesel, making it a potential source of revenue for biofuel producers.
Paper and pulp production: Soybean meal can be used in the production of paper and pulp, providing a potential revenue source for paper and pulp producers.
Textile industry: Soybean meal can be used in the production of textiles, providing a potential revenue source for textile manufacturers.
Bioplastics industry: Soybean meal can be used in the production of bioplastics, providing a potential revenue source for bioplastics manufacturers.
Mushroom cultivation: Soybean meal can be used as a substrate for growing mushrooms, providing a potential revenue source for mushroom cultivators.
Aquaculture: Soybean meal can be used as a protein source in fish feed, providing a potential revenue source for aquaculture producers.
Nutraceuticals: Soybean meal contains compounds that have potential health benefits, making it a potential source of revenue for nutraceutical companies.
Export: Soybean meal is in high demand globally, making it a potential export opportunity for soybean meal producers in Nigeria and Africa.

Facts About The Soybean Meal Production Business In Nigeria and Africa

Soybean meal is a protein-rich product derived from soybeans after oil extraction.
Soybean meal is an important ingredient in animal feed.
Nigeria and Africa are major soybean producers and exporters, with Nigeria being the largest producer in Africa.
Soybean meal production is a viable business opportunity in Nigeria and Africa due to the high demand for animal feed.
Soybean meal is a low-cost and sustainable source of protein for animal feed, making it a preferred choice for farmers.
Soybean meal production can help to create employment opportunities in rural areas.
Soybean meal can be processed into different forms, such as pellets or powder, to suit the needs of different animal species.
Soybean meal can be used in the production of a wide range of animal feeds, including poultry, fish, and livestock feed.
Soybean meal is rich in essential amino acids, which are necessary for optimal animal growth and development.
Soybean meal is a good source of energy for animals, as it contains carbohydrates and fats in addition to protein.
Soybean meal can help to reduce the cost of animal feed, which can help to increase profitability for farmers.
Soybean meal is an important ingredient in the production of aquaculture feeds, as it can help to improve growth rates and feed conversion ratios.
Soybean meal production can help to reduce Nigeria’s and Africa’s dependence on imported animal feed.
Soybean meal production can help to improve food security in Nigeria and Africa by increasing the availability of locally-produced animal feed.
Soybean meal production can help to promote sustainable agriculture practices, as soybeans are a low-input crop that can be grown without the use of synthetic fertilizers or pesticides.
Soybean meal production requires a relatively low investment cost compared to other livestock feed businesses.
Soybean meal can help to improve the overall health of animals, which can lead to higher quality meat and dairy products.
Soybean meal can be stored for long periods of time without losing its nutritional value.
Soybean meal production can help to diversify the agricultural sector in Nigeria and Africa, which can lead to increased economic growth and stability.
Soybean meal production can contribute to Nigeria’s and Africa’s foreign exchange earnings through exports.
Soybean meal is a non-GMO product, which can appeal to consumers who are concerned about the safety of genetically-modified organisms.
Soybean meal production can help to reduce post-harvest losses of soybeans, which are common in Nigeria and Africa.
Soybean meal is a versatile product that can be used in a variety of industrial applications, including in the production of adhesives and plastics.
Soybean meal production can help to reduce greenhouse gas emissions, as soybeans are a nitrogen-fixing crop that can help to reduce the need for synthetic fertilizers.
Soybean meal is a sustainable and environmentally-friendly source of protein that can help to meet the growing demand for animal feed in Nigeria and Africa.

Types Of Soybean Meal Production Businesses In Nigeria and Africa

There are various types of soybean meal production businesses in Nigeria and Africa. The three main types are:

Soybean oil production: Soybean oil is an important cooking oil used in many households and industries. Soybean meal is a by-product of soybean oil production.
Animal feed production: Soybean meal is a valuable ingredient in animal feed, providing high-quality protein and essential amino acids. Soybean meal is used in the production of feed for poultry, swine, cattle, and aquaculture.
Soy milk and tofu production: Soybean meal can be used to make soy milk, which is a popular alternative to cow’s milk, especially among vegans and vegetarians. Soy milk can also be processed further to produce tofu, a protein-rich food.

Other types of soybean meal production businesses include the production of soy flour, soy protein concentrates, and soy protein isolates.

Soybean meal production businesses can be set up as small-scale or large-scale enterprises, depending on the market demand and the available resources. Small-scale businesses can be run from home or on a small plot of land, while large-scale businesses require a larger investment in land, equipment, and labor.

Types Of Soybean Meals In Nigeria and Africa

Soybean meal is a protein-rich animal feed ingredient that is derived from the processing of soybean oil. There are two primary types of soybean meal used in the production of animal feed: conventional (or solvent-extracted) soybean meal and high protein (or extruded) soybean meal.

Conventional Soybean Meal: This type of soybean meal is produced by solvent extraction, which involves removing the oil from the soybeans using hexane. It typically contains around 44-48% protein and is widely used in animal feed production.
High Protein Soybean Meal: This type of soybean meal is produced by extruding the soybeans under high pressure and temperature. It typically contains around 50-52% protein and is often used in the production of specialty animal feeds.
Organic Soybean Meal: This type of soybean meal is produced from soybeans that have been grown using organic farming methods, without the use of synthetic fertilizers, pesticides, or genetically modified organisms (GMOs).
Non-GMO Soybean Meal: This type of soybean meal is produced from soybeans that have not been genetically modified and is often used in the production of animal feed for consumers who prefer non-GMO products.
Soybean Meal with Different Fat Content: Depending on the extraction method, soybean meal can have varying fat contents, ranging from 1% to 5%. Soybean meal with higher fat content is often used in the production of feed for poultry and swine.

The Peak Season For The Soybean Meal Production Business In Nigeria and Africa

Soybean is a widely cultivated crop in Nigeria and Africa, with peak production occurring between August and October. The rainy season provides the necessary moisture and temperature conditions for soybean cultivation, and farmers usually plant the crop between May and July. The harvest season is usually around November or December. The demand for soybean meal is generally high throughout the year, with peaks occurring during the holiday season when there is a higher demand for livestock and poultry products.

In Nigeria, soybean is an important source of protein for humans and animals, and the demand for soybean meal continues to rise due to the increasing population and the growth of the livestock industry. In Africa, the demand for soybean meal is driven by the growing demand for livestock feed and the increasing awareness of the health benefits of soybean consumption.

To ensure optimal production and supply of soybean meal, farmers and processors must have access to reliable market information and adopt efficient post-harvest handling and processing techniques. This will help to ensure consistent supply and meet the demand for soybean meal in Nigeria and Africa.

How To Start The Soybean Meal Production Business In Nigeria and Africa: Step-By-Step Guide

Starting a Soybean Meal Production Business in Nigeria and Africa involves the following steps:

Conduct a feasibility study: This will help you to determine the viability of the business idea and give you insights on the market, costs, and profitability.
Develop a business plan: This should include your business goals, marketing strategy, target market, financial projections, and operational plan.
Register your business: You will need to register your business with the appropriate government agencies and obtain necessary permits and licenses.
Secure funding: You can obtain funding from banks, investors, or government grants to finance your startup costs.
Acquire equipment: You will need to purchase or lease equipment such as a soybean dehuller, dryer, grinder, and packaging machine.
Source for raw materials: Purchase high-quality soybeans from local farmers or import from other countries.
Process soybeans: Clean, dehull, roast, grind and package the soybeans into meal.
Market and sell the soybean meal: Identify potential customers such as animal feed producers, food manufacturers, and exporters.
Ensure quality control: Implement quality control measures to ensure that the product meets regulatory standards.
Manage your business: Monitor your production, sales, expenses, and profitability to ensure the success of your business.

How To Process and Package Soybean Meal In Nigeria or Africa

Processing and packaging soybean meal involves several stages, which include:

Cleaning and sorting: Remove foreign materials, debris, and damaged seeds from the raw soybean meal to ensure high-quality end products.
Conditioning: This involves heating the soybean meal to the right temperature and moisture levels to facilitate the extraction of oil and improve the protein quality.
Extraction: Extract the oil from the conditioned soybean meal using an expeller, solvent extraction, or a combination of both methods.
Toasting: Roast the extracted soybean meal to reduce the antinutrient levels, improve the digestibility of proteins, and enhance flavor.
Grinding and packaging: Grind the roasted soybean meal into a fine powder and package it in bags or containers for storage, transportation, and sale.

Soybean meal processing equipment includes cleaning machines, steam cookers, screw presses, solvent extractors, toasters, and grinders. The choice of equipment depends on the scale of production, processing method, and end products.

Proper packaging is critical to maintaining the quality and freshness of soybean meal. The bags or containers used for packaging should be durable, airtight, and moisture-proof to prevent spoilage, insect infestation, and contamination.

Types Of Equipment & Tools Used In The Soybean Meal Production Business In Nigeria or Africa

To set up a soybean meal production business in Nigeria and Africa, it is essential to have the right equipment for processing, packaging, and supply. Below are some of the equipment used in soybean meal production business:

Soybean dehulling machine: This machine is used to remove the seed coat from the soybean to produce the soybean meal.
Grinding machine: It is used to grind the soybeans into powder to make it suitable for animal feed.
Mixer: It is used to mix different ingredients and nutrients to the soybean meal to produce a balanced animal feed.
Pelletizing machine: It is used to compress the soybean meal into small pellets for easy handling, storage, and transport.
Packaging machine: It is used to pack the soybean meal into bags for sale and distribution.
Weighing scale: It is used to measure the quantity of soybean meal produced and packed for accurate record keeping and sales.
Conveyor belt: It is used to move the soybean meal from one point to another during the processing and packaging stages.

Having the right equipment is crucial in soybean meal production business to ensure the production of quality animal feed, increase productivity, and maximize profit.

Target Market For The Soybean Meal Production Business In Nigeria or Africa

Poultry Farms: Soybean meal is a popular protein source for poultry feed, making poultry farms a primary target customer for soybean meal in Nigeria and Africa.
Livestock Farms: Soybean meal is also used as a protein supplement for livestock feed, making livestock farms a potential target customer for soybean meal.
Aquaculture Farms: Soybean meal can also be used in the formulation of fish feed, making aquaculture farms a target customer for soybean meal.
Food Processing Companies: Soybean meal is used in the production of several food products, such as soy milk and tofu, making food processing companies a target customer for soybean meal.
Animal Feed Producers: Animal feed producers who manufacture poultry, livestock, and aquaculture feed use soybean meal as a protein supplement, making them a primary target customer.
Retail Stores: Retail stores that sell animal feed can also be target customers for soybean meal.
Exporters: Soybean meal can be exported to other countries that have a high demand for it.
Government Agencies: Government agencies that are responsible for food security and agriculture can also be target customers for soybean meal.
Breweries: Soybean meal can be used as an ingredient in brewing beer, making breweries a potential target customer for soybean meal.
Flour Mills: Soybean meal can be used as an ingredient in the production of flour, making flour mills a potential target customer for soybean meal.

How To Sell or Market Soybean Meal In Nigeria or Africa

Direct Sales: Selling Soybean Meal directly to customers who need it, such as livestock farmers, poultry farmers, and feed mills.
Online Sales: Creating an e-commerce platform or using existing e-commerce platforms to sell Soybean Meal online to customers in Nigeria and Africa.
Social Media Marketing: Using social media platforms like Facebook, Twitter, and Instagram to promote Soybean Meal and reach potential customers.
Trade Shows and Exhibitions: Attending trade shows and exhibitions related to agriculture and animal husbandry to showcase Soybean Meal to potential customers.
Referral Marketing: Offering incentives to existing customers to refer new customers to the Soybean Meal business.
Newspaper and Magazine Advertisements: Placing ads in local newspapers and agricultural magazines to reach potential customers.
Radio and TV Advertisements: Running ads on local radio and television stations to reach potential customers.
Distributors and Wholesalers: Partnering with distributors and wholesalers who can supply Soybean Meal to large farms and feed mills.
Brochures and Flyers: Creating brochures and flyers with information about Soybean Meal and distributing them to potential customers.
Cold Calling: Reaching out to potential customers via phone or email to introduce Soybean Meal and its benefits.
Participating in Agricultural Cooperatives: Joining agricultural cooperatives that can help with distribution and sales of Soybean Meal.
Offering Discounts: Offering discounts on Soybean Meal to attract customers.
Bulk Sales: Offering discounts for customers who purchase Soybean Meal in bulk.
Creating a Loyalty Program: Creating a loyalty program that rewards customers for repeat purchases.
Online Advertising: Running online ads on search engines and social media platforms to reach potential customers.
Offering Samples: Offering samples of Soybean Meal to potential customers to encourage them to try the product.
Influencer Marketing: Partnering with influencers in the agricultural and animal husbandry industries to promote Soybean Meal.
SMS Marketing: Sending targeted SMS messages to potential customers to promote Soybean Meal.
Content Marketing: Creating informative content about Soybean Meal and sharing it on social media, blogs, and other platforms.
Email Marketing: Sending promotional emails to potential customers to promote Soybean Meal.
Partnership with Livestock Farmers: Partnering with livestock farmers to promote Soybean Meal as a healthy and affordable feed for their animals.
Creating a Website: Creating a website for the Soybean Meal business to provide information about the product and promote sales.
Free Shipping: Offering free shipping on orders of Soybean Meal to attract customers.
Packaging Design: Creating attractive packaging for Soybean Meal to make it stand out on store shelves.
Organic Certification: Obtaining organic certification for Soybean Meal to appeal to customers who prioritize organic and sustainable products.

Challenges Of The Soybean Meal Production Business In Nigeria and Africa

Pest and Disease Management: Soybean plants are susceptible to pests and diseases, which can damage the crop and reduce yield.
Lack of Modern Farming Techniques: Many farmers in Nigeria and Africa still rely on traditional farming methods, which may not yield optimal results.
Lack of Access to Finance: Access to finance is a major challenge for many small-scale farmers who lack the necessary capital to invest in soybean production.
Poor Infrastructure: Poor transportation infrastructure, including inadequate road networks and storage facilities, can make it difficult to transport and store soybean products.
Inadequate Irrigation Systems: Inadequate irrigation systems can limit soybean production, especially in areas with irregular rainfall patterns.
High Cost of Inputs: The cost of inputs such as seeds, fertilizers, and pesticides can be prohibitive for small-scale farmers.
Limited Market Access: Farmers may face challenges accessing markets for their soybean products due to poor transportation infrastructure, inadequate market information, and limited market linkages.
Low Yields: Low yields can be attributed to poor soil fertility, poor crop management practices, and lack of access to improved seed varieties.
Climate Change: Changes in rainfall patterns, temperature, and other climate factors can negatively impact soybean production.
Post-Harvest Losses: Poor storage facilities, inadequate processing facilities, and limited market access can lead to post-harvest losses.
Lack of Technical Expertise: Many farmers lack the technical knowledge and skills needed to effectively manage soybean production.
Limited Research and Development: Limited research and development activities in soybean production can limit the development of new and improved varieties and production techniques.
Limited Extension Services: Extension services are important in providing farmers with technical assistance, but they may not be readily available in many areas.
Land Tenure Issues: Land tenure issues, including land disputes and unclear land ownership, can affect soybean production.
Government Policies: Government policies, including tariffs, taxes, and regulations, can impact soybean production and market access.
Lack of Access to Market Information: Limited access to market information can make it difficult for farmers to make informed decisions about production and marketing.
Limited Value Addition: Limited value addition activities can limit the profitability of soybean production.
Competition from Imported Soybean Products: Competition from imported soybean products can limit the demand for locally produced soybean products.
Lack of Linkages between Producers and Processors: Limited linkages between producers and processors can limit the development of value chains for soybean products.
Limited Use of Technology: Limited use of technology, including modern farming equipment and information and communication technologies, can limit soybean production.
Limited Access to Extension Services: Limited access to extension services can limit the adoption of new technologies and practices.
Limited Access to Credit: Limited access to credit can limit the ability of farmers to invest in soybean production.
Limited Access to Inputs: Limited access to high-quality inputs, including improved seed varieties and fertilizers, can limit soybean production.
Inefficient Supply Chain: Inefficient supply chains can lead to delays and losses in the delivery of soybean products to markets.
Lack of Supportive Policies: The absence of supportive policies can limit the growth and development of the soybean industry.

To Sum It Up

In conclusion, Soybean Meal Production Business in Nigeria and Africa has huge potential for economic growth and improvement of food security in the region. Soybean meal is a nutritious and versatile product that has multiple uses in the food and feed industries. With increasing demand for plant-based proteins and sustainable food sources, the soybean meal market is expected to continue growing.

Starting a Soybean Meal Production Business requires careful planning, research, and investment in equipment and technology. The process of production, processing, and packaging is crucial to ensuring high-quality soybean meal that meets market standards. Despite some challenges such as weather, pests, and market competition, the business has a lot of opportunities for growth and profitability.

With effective marketing strategies and targeting the right customers, Soybean Meal Production Business can thrive in Nigeria and Africa. The potential to export to international markets also presents an opportunity for growth and revenue. Overall, Soybean Meal Production Business has the potential to positively impact the economic and social development of Nigeria and Africa as a whole.

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