List of Six Companies CBN approved for Milk Importation into Nigeria

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milk importation in nigeria
milk importation in nigeria

List of Six Companies CBN approved for Milk Importation into Nigeria – The Central Bank of Nigeria (CBN) has added milk and dairy products to the list of items not eligible for forex.

However, the bank exempted six companies from the restriction.

“As part of efforts to increase local production of milk, its derivatives and dairy products, the Central Bank of Nigeria has engaged with some companies in the industry who have keyed into the bank’s backward integration program to enhance their capacity and improve local milk production,” a notice published on the bank’s website on Tuesday read.

cbn
cbn

“Accordingly, all authorized dealers are to note that all Forms ‘M’ for the importation of milk and its derivatives shall only be allowed for the following companies:

  1. Friesland Campina WAMCO Nigeria
  2. Chi Limited
  3. TG Arla Dairy Products Limited
  4. Promasidor Nigeria Limited
  5. Nestle Nigeria Plc (MSK only)
  6. Integrated Dairies Limited

“For the avoidance of doubt, all established Forms ‘M’ for the importation of milk and its derivatives for companies other than the above for which shipment has not taken place should be cancelled immediately.”

The exempted companies have begun investments in local milk production as part of the central bank’s backward integration plan.

cbn
cbn Gov. Godwin Emefiele

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About Sam Gabriel 335 Articles
Samson Gabriel a graduate of mass communication from Auchi Polytechnic, he is a passionate writer with experience in radio scrip writing. He brings his experience from the broadcast media into play here as he continues to enjoy his passion as a journalist. He can be contacted via whats-app on: +234701105670

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