Market News
Nigeria imports Danish cows in bid to slash $1.5 billion milk import bill
ABUJA, June 2 (Reuters) - Nigeria is importing dairy cattle from Denmark as it aims to double its milk output within five years, part of a plan to cut dairy imports that cost the country $1.5 billion a year, Livestock Minister Idi Maiha said on Monday.
Despite boasting one of Africa's largest cattle populations, Nigeria's milk output of 700,000 tonnes a year lags its annual consumption of 1.6 million tonnes.
This shortfall means the country imports around 60% of its milk.
