CBN approves six companies for dairy products importation

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The CBN says the development is in line with its objective to increase and improve the local production of milk, its derivatives and other dairy products.

has approved six dairy companies operating in the country for the importation of milk products and its derivatives.

According to the circular which has taken 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 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 had not taken place.

 

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CBN Restricts Milk Importation to Six Companies - THISDAYLIVEBy Obinna Chima The Central Bank of Nigeria (CBN) has limited the importation of milk, its derivatives and dairy products into the country, to six companies. The companies are FrieslandCampina WAMCO Nigeria, Chi Limited, TG Arla Dairy Products Limited, Promasidor Nigeria Limited, Nestle Nigeria Plc, and Integrated Dairies Limited. More details later.. We need more fiscal restraint not import restrictions.
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