General
Nigeria Can’t Meet Annual Consumption of 1.6 billion Litres of Milk—VP
By Adedapo Adesanya
Nigeria has inaugurated the National Dairy Policy to catalyse development in the livestock and dairy sectors to meet the annual consumption of 1.6 billion litres of milk.
The policy, unveiled on Tuesday in Abuja by the Vice President, Mr Kashim Shettima, aims to achieve sustainable diversification of the national economy, a key objective of its National Development Plan (2021-2025) and cut down on Nigeria’s import dependency.
The document was designed to serve as a roadmap for energising the dairy industry over the coming years following consultations and engagements with key stakeholders who shared the vision of a productive and globally competitive dairy sector in Nigeria.
While unveiling the document, Mr Shettima said milk was not a staple but a cornerstone of Nigeria’s nutritional security and economic development, noting that the theme of the 2024 Milk Day, Harnessing the Nutrition and Investment Opportunities in a Sustainable Dairy Value Chain, was particularly significant.
Represented by his Senior Special Assistant on Agribusiness, Mr Kingsley Uzoma, the VP said since its inception, the benefits of milk and dairy products had been actively promoted worldwide, highlighting how dairy supported the livelihoods of one billion people.
“Dairy is an accessible, affordable, and nutrient-dense food, essential for balanced diets across the world. Billions of people consume milk and dairy products daily, not only as a vital source of nutrition but also as a means of livelihood for farmers, processors, shopkeepers, and other stakeholders in the dairy value chain.
“It is our collective responsibility to ensure that consumers, industry and governments have up-to-date information on how milk and dairy products contribute to human nutrition.
“Also how dairy-industry development can best increase food security and alleviate poverty in Nigeria,” he submitted.
Mr Shettima said dairy farming presented significant opportunities for economic development and youth employment.
“However, these opportunities do not come without challenges. Our livestock farmers often face issues such as inadequate feed for their animals, conflicts over grazing lands, and the adverse effects of climate change.”
He said that these challenges were compounded by violent conflicts between farmers and cattle herdsmen over land use.
“A situation exacerbated by increasing droughts and the pressing need for sustainable solutions. Recognising these challenges, the Federal Government is launching the National Dairy Policy intending to transform the dairy industry in Nigeria,” the country’s number two citizen stated.
Mr Shettima said the policy would address key obstacles such as the lack of modern global best practices for cross-breeding and calving, high costs of milk and poor transportation infrastructure among others.
“Currently, Nigeria spends $1.5 billion annually on importing dairy products due to a production deficit. Nigerians consume an average of 1.6 billion litres of milk and its products but domestic production is insufficient to meet this demand.
“President Bola Ahmed Tinubu’s administration is determined to achieve national production security, with the longer term goal of eventually exporting dairy products to other African countries under the African Continental Free Trade Agreement (AfCFTA).”
He said that implementation of the policy would ensure improved dairy farming practices, increased investment in dairy processing and preservation, evidence-based policy implementation, and enhanced collaboration.
Mr Shettima said that it would also enable ease of business for the dairy industry, fostering public-private partnerships, embracing technology and innovation, and empowering women-friendly and youth-centric business models.
“Its implementation will promote good animal health practices, and monitoring and evaluating progress,” he said.
On his part, the Minister of State for Agriculture and Food Security, Mr Aliyu Abdullahi, said that the national dairy policy was in line with the federal government’s Renewed Hope Agenda to reposition the livestock sector.
He said that the document would create an enabling and supportive environment for growth in the dairy sector, adding that there was potential in the dairy industry.
He noted that with consistency and steadfastness to the policy’s implementation, Nigeria would before long become self-sufficient in milk and dairy products.
By Adedapo Adesanya
The South African Consulate General in Lagos, in partnership with Brand South Africa and the Development Bank of Southern Africa (DBSA), is hosting the 4th edition of the South Africa Focus Week in Lagos, Nigeria, from April 22 – 26, 2026.
The annual platform continues to grow as a strategic initiative aimed at fostering social cohesion between South Africans and Nigerians while positioning South Africa as a preferred destination for business, tourism, and education. Since its inception in 2023, South Africa Focus Week has attracted over 1,500 participants, bringing together stakeholders from across sectors, including trade and investment, arts and culture, tourism, aviation, and the culinary industry.
The 2026 edition holds particular significance as it coincides with the 30th anniversary of South Africa’s democratic Constitution, enacted in 1996, as well as 32 years of unbroken diplomatic relations between South Africa and Nigeria, established in February 1994. These milestones underscore the enduring partnership between the two nations, rooted in shared history and strengthened through formal agreements and ongoing collaboration.
The 2025 economic relationship between South Africa and Nigeria reflects a strategically significant, multi-dimensional partnership anchored in trade, energy security, investment flows, and strong institutional cooperation. While bilateral trade remains structurally imbalanced – with South Africa exporting US$468.48 million and importing $1.69 billion, resulting in a $1.22 billion deficit – this dynamic is largely driven by South Africa’s reliance on Nigerian crude oil, positioning the relationship as one of strategic interdependence rather than imbalance alone.
This partnership is further elevated by the relative economic weight of both countries. According to IMF projections, South Africa’s economy is valued at approximately $443.6 billion, while Nigeria’s stands at around $334.3 billion in nominal terms for 2026. As two of the largest economies on the continent, their bilateral engagement constitutes a central axis of African economic activity, with disproportionate influence on the success of continental integration efforts.
Beyond trade, the relationship is reinforced by deep two-way investment linkages. South African firms -including MTN Group, Shoprite, and Standard Bank – maintain a strong presence in Nigeria, while Nigerian companies such as Access Bank and Paystack have established a growing footprint in South Africa. Although investment flows are asymmetrical and some Nigerian firms have faced operational challenges, these exchanges reflect an emerging bi-directional economic corridor that extends beyond goods trade into services, finance, and digital innovation.
Aligned with Brand South Africa’s mandate to build the country’s global reputation and competitiveness, the week-long programme will convene leaders from government, business, civil society, academia, and the media. Discussions will focus on leveraging the African Continental Free Trade Area (AfCFTA) as a tool for market access and global positioning, with Nigeria serving as a key focal point.
The South Africa Focus Week has features a series of high-level engagements and cultural activities designed to deepen economic ties and promote collaboration: South Africa–Nigeria Infrastructure Investment Conference (April 22, 2026) which was held under the theme South Africa–Nigeria Partnership: Unlocking Infrastructure Opportunities,” the conference will bring together key stakeholders in infrastructure development to explore collaborative projects in road, rail, and transportation systems.
The forum also examined the role of Public–Private Partnerships (PPPs) and facilitated discussions on project financing and implementation with institutions such as the DBSA and Nigeria’s Infrastructure Concession Regulatory Commission (ICRC).
This was followed by the 2nd Economic Diplomacy Roundtable (Thursday, April 23, 2026), which was hosted in partnership with MTN Nigeria under the theme Role of Technology in Infrastructure Development, the roundtable will convene senior government officials, private sector leaders, and industry experts to identify investment opportunities and strengthen strategic partnerships.
Friday, April 24, was for Arts and Culture Experience, which is a dedicated cultural day will showcase Lagos’ creative spaces and features a panel discussion on South Africa’s arts, film, music, and culture. The programme includes a South African film screening, engagements with filmmakers, and a networking reception aimed at fostering collaboration between the creative industries of both countries.
The event continues on Thursday, April 25, with Freedom Day Celebration and Closing Ceremony. This commemorative event will celebrate 30 years of South Africa’s Constitution, 32 years of freedom and democracy, and the enduring diplomatic relations between South Africa and Nigeria. The ceremony will also provide an opportunity to reflect on outcomes from the week and outline future areas of cooperation.
The celebration forms part of Brand South Africa’s Global South Africans Programme, which recognises and connects South Africans in the diaspora as ambassadors of the nation’s values and identity.
The week climaxes with the 4th edition of the South Africa Golf Tournament at Ikoyi Golf Club on Saturday, April 26, 2026, which will be done in partnership with Crossflex International.
According to a statement, the event aims to strengthen people-to-people relations through sports diplomacy, bringing together South African and Nigerian golfers in a spirit of camaraderie and collaboration.
By Modupe Gbadeyanka
The former chairman of the defunct Skye Bank Plc, Mr Tunde Ayeni, has been apprehended by the Economic and Financial Crimes Commission (EFCC).
Spokesperson of the anti-money laundering agency, Mr Dele Oyewale, confirmed the arrest of the businessman on Friday but declined to provide further details, according to TheCable.
Mr Ayeni was accused of diverting the N36.5 billion and $30 million loans from Polaris Bank Limited to companies with which he has links.
He was alleged to have obtained the credit facilities for marine security, electricity distribution, and real estate projects, but moved them to telecom investments tied to NITEL/MTEL assets via a NATCOM account.
After the Central Bank of Nigeria (CBN) revoked the operating licence of Skye Bank in 2018, it nationalised it to Polaris Bank.
The EFCC has been looking into the alleged diversion of funds by Mr Ayeni, resulting in his arrest in Abuja on Thursday, April 23, 2026.
He is being grilled over the matter and would be arraigned in court once the investigation is concluded.
This is not the first time Mr Ayeni has been nabbed and probed by the EFCC, as this happened a few months after his bank lost its licence.
The then acting spokesman for the EFCC, Mr Tony Orilade, said Mr Ayeni was quizzed by detectives over issues related to fraud and embezzlement allegedly committed by him when he was Chairman of the bank a few years ago.
By Adedapo Adesanya
“We are fully committed to working with the new Commissioner of Police and giving all necessary support towards the successful discharge of his responsibilities.”
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