Come for loan CBN to Nigerians: We’re ready to provide loans for those who want to go into cattle re

Date: 24-07-2019 12:25 pm (4 years ago) | Author: olokunbola moji
- at 24-07-2019 12:25 PM (4 years ago)
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The Central Bank of Nigeria (CBN) has announced a new policy to end of milk into the country just as it assured that the bank was ready to provide loans for those who want to go into the cattle business. Herdsmen along with their cows wait for buyers at Kara Cattle Market in Lagos, Nigeria, on April 10, 2019. – Kara cattle market in Agege, Lagos is one of the largest of West Africa receiving thousands of cows weekly due to the massive consumption of meat in Lagos area. (Photo / AFP) Briefing journalists at the end of the Monetary Policy Committee (MPC) meeting in Abuja yesterday, the Governor of CBN, Mr. Godwin Emediele, said that the nation could no longer continue to spend between $1.2-$1.5 on milk importation, annually. He said that the nation had the capacity to produce its milk requirements and that CBN was ready to give loans to those interested in ranching and other businesses in the livestock value chain. On milk importation, Mr. Emefiele said, “We believe milk is one of the products that can be produced in Nigeria today. We have seen the importation of milk into Nigeria before many of us were born, precisely over sixty years. West African Milk and Friesland milk, the foremost milk has been doing it for over sixty years. “They have been importing milk into Nigeria for over sixty years. For over sixty years, Nigeria has been importing milk, the import of milk annually stands at between $1.2 to $1.5 billion.

Read morehttps://www.lasudate.com/2019/07/24/come-for-loan-cbn-to-nigerians-were-ready-to-provide-loans-for-those-who-want-to-go-into-cattle-rearing-business/

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