Restriction on milk and dairy product: NECA hails CBN move
Employers association, Nigeria Employers’ Consultative Association (NECA) has commended the CBN on the exemption of six companies from restriction on milk and dairy products importation.
NECA did not only welcome the move but said, the decision is timely and a sign of Government’s responsiveness to good reasoning and the concern of the Businesses.
Speaking in Abuja, the Director-General of NECA, Dr. Timothy Olawale stated that, “we commend the Central Bank of Nigeria for the bold step of reversing a policy that almost crippled the dairy and milk industry. The exemption of the six companies demonstrated that Government is, indeed, responsive to the concerns we had expressed severally. While we support the efforts of the Central Bank of Nigeria to increase local production of milk, its derivatives and dairy products, we believe that businesses in the sector should be given ample time to plan and implement the backward integration programme of Government.”
In commending the exempted companies for their resilience and doggedness, the NECA Boss stated that “it is hard enough to do business in Nigeria. We commend the six organizations for their commitment to local milk production and bold steps at backward integration. Government should, however, ensure policy consistency and also encourage investment in animal husbandry to enable these organizations and many other players in the industry to focus on their core business of dairy and milk production. The experience in other climes shows that animal husbandry is a thriving industry that generates large employment for the citizens and revenue for Government.”
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