The dairy farm is Danone’s first investment in dairy farming in Sub-Saharan Africa to boost local milk production in Nigeria.
According to the company’s Managing Director, Mr Ferdinand Mouko, the company intended to bring the expertise of its parent company, Danone, to the fore. He explained that the company decided to embark on the project to contribute to the Central Bank of Nigeria’s backward integration policy for the improvement of local milk production and to support the Federal Government’s economy recovery growth plan which aims to improve food self-sufficiency in the country.
He added that the partnership falls in line with the company’s business development strategy and as a responsible corporate citizen.“Our objective is to ensure that we partner with local dairy farmers in the Odeda community in Ogun State to accelerate the development and expansion of the local dairy market while also creating the social and economic impact of improving the livelihood of the ecosystem within which we operate,” the MD said.
In his own remarks, Mr Olayinka Akinkugbe, the chairman of the Board, said the intention to partner with Ogun State followed the company’s close observation of the laudable efforts the State government has put into supporting and partnering with local and foreign investors. Hence, the partnership with the Ogun State will harness the social and economic potentials of participating in local dairy production.
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Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »