Osinbajo calls for backward integration in dairy industry
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Vice President Osinbajo Calls for Backward Integration in Dairy Industry
Nigeria's Vice President, Yemi Osinbajo, has called for backward integration in the dairy industry to ensure self-sufficiency and reduce reliance on imported milk and dairy products. Speaking at the 2022 National Dairy Farmers' Conference in Abuja, Osinbajo emphasized the need for the industry to focus on local production and processing of dairy products.
The Vice President noted that Nigeria has the potential to become a major player in the global dairy industry, citing the country's large cattle population and favorable climate. However, he lamented that the industry is still largely dependent on imports, which has led to a significant trade deficit.
Osinbajo urged dairy farmers, processors, and other stakeholders to adopt backward integration strategies, such as investing in cattle breeding, feed production, and processing facilities. He also emphasized the need for improved infrastructure, including roads, storage facilities, and power supply, to support the growth of the industry.
The Vice President also highlighted the importance of research and development in the dairy industry, calling for increased investment in areas such as genetics, nutrition, and disease control. He also emphasized the need for effective regulation and enforcement of standards to ensure the quality and safety of dairy products.
Overall, Osinbajo's call for backward integration in the dairy industry is aimed at promoting local production, reducing imports, and creating jobs and economic opportunities for Nigerians.