CBN seeks partnership with FCDA, states for dairy production

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CBN seeks partnership with FCDA, states for dairy production
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The Central Bank of Nigeria (CBN) on Monday sought the partnership of the Federal Capital Development Administration (FCDA) and the various state governments to end the importation of milk and other dairy products in the country.

) and the various state governments to end the importation of milk and other dairy products in the country.

During the visit, the CBN requested the FCT Minister to expedite action on the allocation of land to three major dairy companies in the country, namely FrieslandCampina WAMCO Nigeria Plc, Nestle Nigeria Plc and L & Z to establish local dairy processing plants in Abuja. The development of the local dairy processing industry, he said, will boost employment generation, facilitate linkages along with the dairy sector in Nigeria and conserve huge foreign exchange for the country.

The partnership will also bring other benefits of integrating the local pastoralists as well as curb the farmers-herders clashes.

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