Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    June 29, 2026

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    June 29, 2026

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    June 29, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings
    • T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion
    • Oil Prices Rise on Tit-for-Tat US, Iranian Strikes
    • XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume
    • CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions
    • Dangote Cement Opens at 19% Discount to 52-Week High
    • FirstHoldco Surges by10% as Investors Buy the Dip
    • Zenith Bank Rallies as Investors Chase Upside Potential
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, June 29
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Nigerians Consume 1.6bn Litres of Milk, Products Annually – FG

    Nigerians Consume 1.6bn Litres of Milk, Products Annually – FG

    Marketforces AfricaBy Marketforces AfricaJune 2, 2024 News No Comments3 Mins Read
    Nigerians Consume 1.6bn Litres of Milk, Products Annually – FG
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Nigerians Consume 1.6bn Litres of Milk, Products Annually – FG

    The Minister of State, Federal Ministry of Agriculture and Food Security, Sen. Aliyu Abdullahi says Nigerians consumed estimated 1.6 billion litres of milk and its products annually.

    Abdullahi, who stated this at news conference on Saturday in Abuja, to mark the 2024 World Milk Day, said that 60 per cent of the products are imported.

    June 1, is the official day set aside globally to celebrate World Milk Day. The theme of this year’s global celebration is: “Let’s celebrate Nutritious and Sustainable Dairy”.

    However, Abdullahi said that the theme for Nigeria’s celebration of the World Milk Day is: “Harnessing the Nutrition and Investment opportunities in the Dairy Value Chain”.

    He said that both themes focused on celebrating the vital role dairy played in delivering quality nutrition to nourish Nigeria’s citizens especially, women and children.

    The minister said that it also aimed to improving the livelihoods of dairy farmers and other value chain actors, creating employment and increasing the economic growth of the country.

    He said that according to the Central Bank of Nigeria, Nigeria spends 1.5 billion dollars per annum to import dairy products.

    “This is because of our production deficit which stood at nearly 60 per cent as Nigerians consumed an average of 1.6 billion litres of milk and its products.

    “The passionate dream of President Bola Tinubu is for us to attain national production security to even lead to export of dairy products to African countries under the African Continental Free Trade Agreement (AfCFTA).

    “It is in pursuance of this priority plan that speedy actions to transform the Livestock Sector especially the dairy value chain towards attaining food and nutrition security becomes not only imperative but an urgent national duty,” he said.

    The minister said that the Federal Government was mindful of the key issues and challenges of the diary sector. He assured that President Tinubu is sincerely concerned and urgently want a reversal of the negative state of the dairy industry.

    “The Federal Ministry of Agriculture and Food Security is ready for the challenges ahead as we work hard to renew the hope of dairy value chain actors,” he said.

    Abdullahi said the ministry in collaboration with national and international partners would in the next few years work assiduously and strategically within the approved National Dairy Policy.

    He said that the new Dairy policy would guaranty projects and interventions to ensure improved dairy farming practices and enhance the capacity of small holder dairy farmers through training and extension services.

    Abdullahi said some of the projects would focus on best practices in animal husbandry, feed management, milk production, handling and collection among others.

    In a Goodwill message, the President, Commercial Diary Ranchers Association of Nigeria (CODARAN), Alhaji Muhammadu Abubakar, expressed satisfaction at the global and national attention milk, a nutritious animal food was getting.

    He reiterated CODARAN’s commitment to the production, processing, marketing and consumption of quality and nutritious dairy products across Africa.

    Also, the Managing Partner, Sahel Consulting Ltd; Mr Temi Adegoroyo, appreciated the collaboration between the firm and ministry in trying to develop the local diary sector in Nigeria.

    “We are ensuring that we are linking many more private companies to small-holders farmers and building a responsive fresh milk supply chains in Nigeria.

    “The agenda is to increase the productivity of fresh milk in Nigeria,” Adegoroyo said. #Nigerians Consume 1.6bn Litres of Milk, Products Annually – FG

    NDLEA Intercepts Over N2.1bn Worth of Codeine Syrup, Loud Consignment

    FG
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume

    CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions

    Dangote Cement Opens at 19% Discount to 52-Week High

    Add A Comment

    Comments are closed.

    Editors Picks

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    June 29, 2026

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    June 29, 2026

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    June 29, 2026

    XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume

    June 29, 2026

    CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions

    June 29, 2026
    Latest Posts

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    June 29, 2026

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    June 29, 2026

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    June 29, 2026

    XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume

    June 29, 2026

    CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions

    June 29, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.