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High Dairy Import Worries Dangote Group

06 January 2017

NIGERIA - About 98 per cent of dairy products consumed in Nigeria are imported, the Chairman, Dangote Group, Alhaji Aliko Dangote, has said.

The industrialist warned that the nation was at risk of hunger in the next few years if food importation is not checked.

Addressing some students of the executive Masters in Business Administration (MBA) class of the Lagos Business School who visited the Dangote Petrochemical Refinery in Lagos, Mr Dangote said his company would develop dairy plants and develop homegrown milk production to reduce importation.

“By 2020, it is estimated that the Nigerian population would have risen to between 207 million and 210 million. If we do not make efforts to grow and process our own foods, God forbid, we will go hungry,” Mr Dangote said.

He stated that his company has been in talks with the Central Bank of Nigeria (CBN) on ways it could add value to local production, and that the company has marked massive dairy production for the next three years.

Source: The Nation

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