CBN approves six firms for milk importation, bars others

The Central Bank of Nigeria has given approval to six dairy companies to import milk into the country.

The move is part of efforts aimed at bridging the supply gap of the product as the government pursues its backward integration strategy to make the country self-sufficient in milk production.

The six dairy companies are FrieslandCampina WAMCO Nigeria; Chi Limited; TG Arla Dairy Products Limited; Promasidor Nigeria Limited; Nestle Nigeria PLC and Integrated Dairies Limited. Based on government official statistics, Nigeria’s current milk production stands at about 500,000 metric tonnes per year.

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