The CBN says the development is in line with its objective to increase and improve the local production of milk, its derivatives and other dairy products.
has approved six dairy companies operating in the country for the importation of milk products and its derivatives.
According to the circular which has taken effect, all Forms ‘M’ for the importation of milk and its derivatives by authorised dealers will only be allowed for the aforementioned companies. The bank advised importers not on the list of companies cited in the circular to cancel all established Forms ‘M’ for the importation of milk and its derivatives for which shipment had not taken place.
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