Nigeria’s milk production is less than half of local demand, driving a $1.5 billion (N2.3 trillion) in annual dairy imports. This presents an opportunity for investors willing to set up local milk processing plants to serve millions of Nigerians who consume dairy products daily. Investors who pump money particularly into local raw milk production can cut a big slice of this market, save the nation of foreign exchange and create more jobs. Africa’s most populous nation produces just 700,000 metric tons of milk annually out of 1.6 millio
Nigeria’s milk production is less than half of local demand, driving a $1.5 billion (N2.3 trillion) in annual dairy imports. This presents an opportunity for investors willing to set up local milk processing plants to serve millions of Nigerians who consume dairy products daily. Investors who pump money particularly into local raw milk production can cut a big slice of this market, save the nation of foreign exchange and create more jobs. Africa’s most populous nation produces just 700,000 metric tons of milk annually out of 1.6 millio