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Home Business News

Milk Importation: Nigeria To Save $1.2bn Annually As Niger State Govt Seals Deal

NigerianCanadianNews by NigerianCanadianNews
November 27, 2019
in Business News, Latest News
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As a commitment to reducing the rate of milk importation and encouraging local production; the Niger State government has signed a Memorandum of Understanding (MOU) on dairy chain development with Royal FrieslandCampina WAMCO Plc on Tuesday in Abuja.

Governor Abubakar Sani Bello signed the MOU on behalf of the state government while the Managing Director of the company, Mr Ben Langat, signed for FrieslandCampina WAMCO.

President Muhammadu Buhari and Netherlands Prime Minister, Mark Rutte, were both present to witness the signing after the bilateral consultations between delegations of both countries at the Presidential Villa.

Speaking on the importance of the bilateral agreement, the special adviser to the president on media and publicity, Mr Femi Adesina said that the agreement on dairy chain development is expected to save Nigeria about 1.2 billion dollars from milk importation annually.

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