NIGERIAN STOCK MARKET ANALYSIS

TRW DAILY FUNDAMENTAL AND TECHNICAL ANALYSIS OF THE NIGERIAN STOCK MARKET

FrieslandCampina invests N4b in dairy devt – The Nation Nigeria

Posted by TRW STOCKBROKERS LTD on September 30, 2016
Posted in: Uncategorized.

by Chikodi Okereocha,

FrieslandCampina WAMCO Nigeria Plc, dairy producer, said it has so far invested over N4 billion in its Dairy Development Programme (DDP), an initiative aimed at developing the local dairy industry.

The firm, which is currently the only dairy manufacturer sourcing part of its raw milk requirement locally for production, does this by creating a sustainable raw milk value-chain that contributes to food security via provision of quality dairy nutrition to Nigerians as well as providing jobs.

Its Corporate Affairs Director, Ore Famurewa, said the firm believes in supporting local content wherever it operates, adding that it has made significant progress in the development of local milk production.

She said the company’s target was to achieve 10 per cent local content in raw milk production every five years, it is currently doing three per cent. “Dairy development is a gradual thing. You can’t compare milk development to crop development. For us, it is slow and steady, but we will surely get there,” she assured.

Famurewa spoke on Tuesday while conducting newsmen and two visiting professors from The Netherlands round its dairy development facilities in Oyo State. The facilities include a Milk Bulking Centre in Iseyin and four functional Milk Collection Centres (MCCs) in Fasola, Alaga, Maya and Iseyin, all in Oyo State.

The two professors: Imke de Boer, a Professor of Animal Science, Wageningen University, The Netherlands, and Managing Director, Wageningen Academy, Janine Luten were in Nigeria at the behest of FrieslandCampina for cooperation talks with the University of Ibadan (UI) in the areas of knowledge sharing and exchange programme with Nigerian dairy farmers.

Famurewa explained that when the company started its DDP in August 2010, it was buying milk from Zimbabwean farmers in Shonga, Kwara State and bringing to its factory for production. But the company, she said, realised that this was not enough; it was better to get Nigerians, the local Fulani farmers to milk cows for it.

Advertisements

Share this:

  • Twitter
  • Email
  • Facebook
  • LinkedIn
  • Pocket
  • Google
  • Reddit
  • CHATROLL
  • Pinterest
  • Telegram
  • Tumblr
  • Skype
  • WhatsApp

Like this:

Like Loading...

Related

Posts navigation

← MTN $13.92bn fund transfer: Melaye’s accusations are baseless – Enelamah – Vanguard News
The rich also cry →
  • Blog Stats

    • 1,343,465 hits
  • LIVE CHATS

    TRW STOCKBROKERS - Join Now! (LIVE WordPress Chat)

  • Categories

  • Recent Posts

    • Stock To Watch Next Week: GLAXOSMITH
    • Is The Short-Term Rebound In NGSEO&G (alias Bond Market Quasi Index) A Bull Trap ???
    • Bond Yields close relatively stable amid slight profit taking by offshores….
    • Nigeria loses N2.5b yearly to gas flaring….
    • SEC Partners IFC, AFDB On Sukuk Investment- Uduk
    • Nigeria’s debt level under control – Adeosun tells IMF
    • Stock market shed N41bn on 33 companies losses
    • FGN SAVINGS BONDS – BUY & SELL EVERYDAY FROM THE NGSE SECONDARY BOND MARKET…
    • Afrinvest Weekly Update – World Economic Outlook: IMF Reiterates Expectation of Synchronized Growth Expansion
    • MTN selects Nigerian brokers for planned IPO…..
  • Top Clicks

    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
    • trwstockbrokers.files.wor…
  • Recent Comments

    ARMF Project on Guaranty Trust Bank Plc: Relia…
    Nome Simeon N. on Guaranty Trust Bank Plc: Relia…
    ARMF Project on GSK’s ₦8.2 billion Special div…
    Adenike Taiwo on GSK’s ₦8.2 billion Special div…
    Adeyemi Oloyede on Bottom Line: C&I Leasing i…
  • Enter your email address to follow this blog and receive notifications of new posts by email.

    Join 3,232 other followers

  • RSS NIGERIAN STOCK EXCHANGE MARKET ANALYSIS

    • Stock To Watch Next Week: GLAXOSMITH April 21, 2018 ARMF Project
    • Is The Short-Term Rebound In NGSEO&G (alias Bond Market Quasi Index) A Bull Trap ??? April 21, 2018 ARMF Project
    • Bond Yields close relatively stable amid slight profit taking by offshores…. April 21, 2018 ARMF Project
    • Nigeria loses N2.5b yearly to gas flaring…. April 21, 2018 ARMF Project
    • SEC Partners IFC, AFDB On Sukuk Investment- Uduk April 20, 2018 TRW STOCKBROKERS LTD
    • RSS - Posts
    • RSS - Comments
  • Advertisements
Create a free website or blog at WordPress.com.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.
%d bloggers like this: