Milk importation into Nigeria will no longer be a free-for-all ride. The reason is because milk importation into Nigeria will be added to items restricted for foreign exchange. Governor of the Central Bank of Nigeria, Godwin Emefiele gave this hint on Tuesday 23 July, 2019. The Governor made this known while addressing journalists at the end of the two-day meeting of the monetary policy committee of the bank.

According to the governor, $1.2 billion to $1.5 billion is spent every year to import milk. In his words:“We believe that milk is one of those products that can be produced in Nigeria. Milk importation has been going on in Nigeria for over 60 years. If you Google West African Milk or Frieslandcampina today, they say that they have been importing milk and that they have been in Nigeria for over 60 years.
https://www.clearingandforwardingnigeria.com/milk-importation-into-nigeria-no-forex/