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President Tinubu's $2.5B Investment Boosts Nigerian Dairy Farming

Business Day··1 min read
President Tinubu's $2.5B Investment Boosts Nigerian Dairy Farming

President Bola Tinubu unveiled a $2.5 billion investment plan to establish modern meat processing and dairy facilities across Nigeria over the next five years. The initiative, in partnership with JB World and Arla Dano, aims to tap into Nigeria's untapped dairy potential, address the low milk production levels, and reduce the annual $1.5 billion spent on importing dairy products.

The investment is part of a broader vision to transform Nigeria's livestock sector, increase milk production, and enhance food security.

Plus234Feed summary based on reporting from Business Day.

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