FDC COMMODITY UPDATE – MAY 28, 2019

Dear Subscriber,

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 attached slides address these and other issues in the domestic and global commodities market.

Enjoy your read!