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Home Press Release

Instability in Togo could have devastating regional consequences – President Buhari, Ouattara warn

thescript by thescript
November 30, 2017
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Instability in Togo could have devastating regional consequences – President Buhari, Ouattara warn
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President Muhammadu Buhari and his Ivorian counterpart, Alassane Ouattara on Wednesday expressed concern that political instability in Togo, if not averted, could have regional consequences.

Both leaders expressed the view during a bilateral meeting in Abidjan on the margins of the 5th AU-EU Summit.

“We must have a solution in Togo. The friends of the opposition and authorities must talk to them on the steps to jointly take to achieve stability. They must work towards gaining the trust of each other.

‘‘There will be regional consequences for instability in Togo and this will surely come at a cost to development,’’ President Buhari said.

The Nigerian leader also had a separate bilateral meeting with German Chancellor Angela Merkel where the issue of stemming the tide of illegal migration of Nigerians to Europe took the front burner.

The two leaders agreed to strengthen legal migration and made a commitment to expand discussions on how to stem the tide of illegal migration.

On security, President Buhari told the German Chancellor that his government’s commitment to the security of lives and property in Nigeria remains absolute.

Reaffirming the nexus between security and job creation in Nigeria, President Buhari said prompt attention is being given to the gainful employment of youths in Nigeria through education and the acquisition of skills and vocational training.

He said Nigeria and Germany can draw from the experiences to cooperate effectively in the area of investing in youths for a sustainable future.

In her remarks, the German Chancellor appreciated the strides made by the Buhari administration in revamping the economy and promised to increase support for Nigeria in dealing with terrorism.

Merkel said 58 German companies are operating in Nigeria, adding that more companies have indicated interest to invest in the energy, manufacturing, agriculture and construction sectors.

President Buhari also had fruitful bilateral discussions with Ghanaian President Nana Akufo-Addo and the Vice President of the Gambia Fatoumata Tambajang.

Garba Shehu

Senior Special Assistant to the President

(Media & Publicity)

November 30, 2017

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ABUJA – In line with its objective to increase and improve the local production of milk, its derivatives and other dairy products in the country, the Central Bank of Nigeria (CBN) has engaged six dairy companies operating in the country for the importation of the product. A circular issued by the Bank on Tuesday, February 11, 2020, and signed by the Director, Trade and Exchange Department, Dr. Ozoemena Nnaji listed the companies as FrieslandCampina WAMCO Nigeria; Chi Limited; TG Arla Dairy Products Limited; Promasidor Nigeria Limited; Nestle Nigeria PLC (MSK only) and Integrated Dairies Limited. According to the circular that takes immediate effect, all Forms ‘M’ for the importation of milk and its derivatives by authorized dealers will only be allowed for the aforementioned companies. The Bank therefore advised importers not on the list of companies cited in the circular to cancel all established Forms ‘M’ for the importation of milk and its derivatives for which shipment has not taken place. Clarifying the intent of the circular, the Director, Corporate Communications Department at the CBN, Isaac Okorafor explained that the Bank engaged the six companies because they showed sufficient willingness and ability and had keyed into the CBN’s backward integration programme in order to enhance their capacity and improve local milk production. Okorafor further explained that the objective of the Bank in that sector was to increase milk production in the country from the current figure of 500,000 metric tonnes to about 550,000 metric tonnes within the next 12 months. In addition to facilitating easier access to funding for dairy investors, he said it was the Bank’s desire to ensure that the country conserves foreign exchange, trigger economic growth and boost employment opportunities in the sector.

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