How backward integration aided dairy sector development

The Guardian Nigeria | Jul 1, 2020 at 2:00 AM
  • With dairy firms embracing backward integration, some operators like FrieslandCampina WAMCO Nigeria PLC, have said the government’s initiative has continued to strengthen operators’ resolve about business sustainability.
  • At the meeting, FrieslandCampina WAMCO reported a turnover of N161.8 billion representing an 8.5% increase over 2018 and a Profit Before Tax (PBT) of N18.8billion, a 15% increase over previous year.
  • The company activated its Dairy Development Programme (DDP) in Bobi Grazing Reserve, modelling its 10-year success of the programme on a 10,000-hectare grazing reserve in Mariga Local Government Area of Niger State.