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In New Policy, CBN Restricts Milk Importation to Six Firms

In New Policy, CBN Restricts Milk Importation to Six Firms

Business
Obinna Chima in Lagos and James Emejo in Abuja The Central Bank of Nigeria (CBN) has limited the number of companies involved in importation of milk, its derivatives and dairy products to six. The companies are: FrieslandCampina WAMCO Nigeria, Chi Limited, TG Arla Dairy Products Limited, Promasidor Nigeria Limited, Nestle Nigeria Plc and Integrated Dairies Limited. The CBN listed the companies in a circular titled: ‘Milk and Dairy Products Importation,’ dated February 11, 2020, signed by the Director, Trade and Exchange Department, Dr. Ozoemena Nnaji, which unfolded the new policy. THISDAY yesterday obtained a copy of the circular from the CBN website. The new policy brought to an end the old regime under which the importation of milk was an all-comers’ affair. The circular expl...