Nigeria plans ban on milk importation by 2022 ~Agric Minister
Nigeria plans to impose ban on the importation of milk and dairy products by 2022, according to the Minister of Agriculture and Rural Development, Muhammad Sabo Nanono.
“We are planning in this ministry and watch my words, in the next two years we will ban the importation of milk into this country.
“And ask me why: we have 25 million cows in this country to produce five million litres per day.
“The issue is now logistics, which we have started by setting up milk processing plants across the country. I see no reason why we should import milk in the next two years. We should stop the importation of milk,” Nanono said while briefing the media on the 2020 World Food Day celebration.
In February, the Central Bank of Nigeria (CBN) announced a restriction on foreign exchange allocation for milk importation into the country.
The regulatory bank, however, exempted six companies from the ban on forex allocation, in a move is aimed at boosting local production.
The CBN said the exemption of the six companies was due to the fact that have keyed into its backward integration to enhance their capacity and improve local milk production.
“For the avoidance of doubts,” the bank said, “all established form ‘M’ for the importation of milk and its derivatives for companies other than the above for which shipment has not taken place should be canceled immediately.”
The companies are; Nestle, FrieslandCampina WAPCO Nigeria, Chi Limited, TG Arla Dairy Product limited, Promasidor Nigeria, Nestle Nigeria and Integrated Dairies Limited.
Analysts said in spite of the forex restrictions on the importation of dairy products, the country is yet to feel the effect of local production of the item as prices keep going up daily due to a shortage in supply as the local firms are unable to meet up with demand surge.