Connect with us
X
Categories:

Business

Nigerian Government Will Ban Milk Importation In 2022

All Naija Entertainment

Published

on

Cows milk

The Nigerian government will seek to proscribe milk imports by 2022 as Africa’s biggest economy eyes self-sufficiency in dairy production, Minister of Agriculture and Rural Development Sabo Nanono said on Tuesday.

Download & Install The New ANE Android App To Your Device
Hello!! Have you heard about the deadly virus called Coronavirus? No? See What It Is & How To Prevent It Here. Also Stay Connected & Get Latest Updates On Coronavirus Here. Please be safe! We LOVE You.


“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.”

Nigeria, which spends between $1.2 billion and $1.5 billion yearly importing dairy products, announced a forex ban for the items last year through the central bank which, this February, handed the liberty to import the products to six firms, notably Nestle, FrieslandCampina, Promasidor and Chi Limited whom it said had shown considerable commitment to local milk production through backward integration.

Government also has blocking fish importation, which costs the country about $1.2 billion every year, in mind, the minister added.

“In the next two, three months, most of the prices will level off to a more comfortable level,” Mr Nanono said of food costs, further saying the price of milled rice is expected to fall to between N14,000 and N15,000.

Nigeria’s food inflation climbed to 16% in August, up from 15.48%. Headline inflation leapt to a 28-month high of 13.22% and has been in double digits for about three years now even though the central bank has always nursed the hope of keeping it between 6-9%.

The inflation data for last month is due from the statistics office.

Nanono said Nigeria recorded an improvement in the production of key staple crops in 2019, noting that maize and rice production jumped from 12.8 million metric tonnes (mmt) and 12.3 mmt to 13.94 mmt and 14.28 mmt respectively.


Get More Stories Like This On: Facebook: @AllNaijaEntertainment, Twitter: @AllNaijaEntertainment
Reach us on WhatsApp via: +2348104471989

Don’t Miss!

Join "ANE sabi" clique

Don't miss a thing, get ogbonge ANE latest updates to fuel your conversation daily.





Latest Exchange Rate

Donate To ANE!


Mind buying a coffee to support us here at All Naija Entertainment?. Yes?

Donate Now
El-Rufai
News7 mins ago

#EndSARS: El-Rufai imposes 24-hour curfew on Kaduna

CAN Logo
News23 mins ago

CAN breaks silence on fire outbreak at national secretariat

News24 mins ago

The Type of Politics Played in Lagos is Responsible for Crisis in the State – Erelu Kuti

Sports30 mins ago

Premier League: Liverpool return to winning ways, Man Utd and Chelsea in uninspiring draw

Teacher Jumoke
Stories15 hours ago

[STORY] TEACHER JUMOKE (Episode 09)

Sports22 hours ago

Premier League Saturday preview: Title-chasers target maximum points

Sports22 hours ago

Real Madrid striker, Luka Jovic faces six months in jail in Serbia for breaking coronavirus rules

Celebrities22 hours ago

What Nigerians are going through is 100 worst than what Americans go through with the system – Meek Mill

Femi Adesina
News1 day ago

#EndSARS: Buhari didn’t omit Lekki shooting in broadcast —Adesina

Uber
Business2 days ago

Uber drivers take company to court over illegal job interference

Nigeria Tomatoes Market
Business2 days ago

Dangote demand total ban on tomato importation into Nigeria

Buhari
News2 days ago

Buhari meet Obasanjo, Gowon, other ex-leaders

El Rufia
News2 days ago

#EndSARS: Kaduna youths protest, make 12-point demand

Kayode Fayemi
News2 days ago

#EndSARS: Gov Fayemi extends curfew in Ekiti

Summer Walker
Entertainment2 days ago

Summer Walker Says She’s Single Again

James Safechuck
Entertainment2 days ago

Michael Jackson Accuser James Safechuck Dismisses Lawsuit

Andre Schurrle and Jose Mourinho
Sports2 days ago

Jose Mourinho is a brutal guy – Andre Schurrle

Warri Prison - Correctional Centre
News2 days ago

#EndSARS: Soldiers on 24-hour surveillance at Warri prisons

Busta Rhymes
Entertainment2 days ago

Verzuz Challenge: Busta Rhymes Trolls T.I. For Backing Down

Burnt Police Station
News2 days ago

17 police stations burnt in Lagos – Official

ANE Billboard Hots!



Join "ANE sabi" clique

Don't miss a thing, get ogbonge ANE latest updates to fuel your conversation daily.





Copyright © All Naija Entertainment.

css.php