FrieslandCampina to Invest €23m in Local Milk Production

FrieslandCampina to Invest €23m in Local Milk Production

Global chief executive officer of Royal FrieslandCampina, Hein Schumacher has announced the company’s decision to invest €23 million in local milk production as part of its Dairy Development Programme (DDP) in Nigeria.

In a statement by the company said “Schumacher made the statement in Abuja while he led FrieslandCampina delegation on a courtesy visit to Vice President Yemi Osinbajo.”

The delegation included the president, Consumer Dairy, Royal FrieslandCampina, the Netherlands, Roel van Neerbos; managing director, FrieslandCampina WAMCO Nigeria, Ben Langat; Netherlands Ambassador to Nigeria, Robert Petri; chairman, FrieslandCampina WAMCO Nigeria, Jacobs Ajekigbe; and Corporate Affairs director, FrieslandCampina WAMCO, Ore Famurewa.

Commending FrieslandCampina WAMCO for initiating the DDP and encouraging other investors to do backward integration in the sector, Osinbajo spoke about the need to develop a robust plan to improve local production across the country.

He said, “the plan of extending the dairy development programme to other states is extremely important. I think that backward integration is crucial. My worry is the lack of incentives for backward integration.

“We are investing around €23 million in our evaporated milk and ready-to-drink milk factory in order to provide fresh milk for the Nigerian consumer. FrieslandCampina WAMCO has been successful with dairy development in recent years and milk yield is improving.”

Click on the source below to read more.

Source: Nigerian Investment Promotion Commission (NIPC)

About Author

Related posts

Leave a Reply