Commodities | |
Commodities | |
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Wednesday,
May 29, 2019 07:33 AM / By FDC
Nigeria is a major producer of livestock (cattle and goats) in Sub-Saharan
Africa but is the largest importer of milk in the region, with an annual
importation bill of $1.3bn. The country's cattle population is estimated at 20
million. However, only 2.3 million cattle (11.5%) are utilized for dairy
production.
Enhancing cross-breeding capacity, improving access to pasture and water
and setting up of milk collection centers are some strategies that could be
adopted to increase milk production. This would help the country achieve
self-sufficiency in milk production and support the on-going economic
diversification agenda.
The slides below address these and other issues in the domestic and global commodities market.
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