Nigeria restricts milk importation, what impact will this have on its consumer goods sector?

PUBLISHED: Wed, 12 Feb 2020 14:32:40 GMT

The Central Bank of Nigeria (CBN) has limited the number of companies involved in milk importation, its derivatives and dairy products to six. CBN stressed that the policy is part of efforts to increase local production of milk, its derivatives and dairy products. Tajudeen Ibrahim, Vice President and Head of Research at Chapel Hill Denham joins CNBC Africa for more.