In line with its objective to increase and improve the local production of milk, its derivatives and other dairy products in the country, the Central Bank of Nigeria (CBN) has engaged six dairy companies operating in the country for the importation of the product and banned others not so approved.
A circular issued by the Bank signed by the Director, Trade and Exchange Department, Dr. Ozoemena Nnaji listed the companies approved for milk importation as FrieslandCampina WAMCO Nigeria; Chi Limited; TG Arla Dairy Products Limited; Promasidor Nigeria Limited; Nestle Nigeria PLC (MSK only) and Integrated Dairies Limited. According to the circular that takes immediate 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 therefore 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 has not taken place. Clarifying the intent of the circular, the Director, Corporate Communications Department at the CBN, Isaac Okorafor explained that the Bank engaged the six companies because they showed sufficient willingness and ability and had keyed into the CBN’s backward integration programme in order to enhance their capacity and improve local milk production.