By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Okonjo-Iweala: EU Has Reported Nigeria To WTO for Restricting Milk Imports
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Okonjo-Iweala: EU Has Reported Nigeria To WTO for Restricting Milk Imports

News

Okonjo-Iweala: EU Has Reported Nigeria To WTO for Restricting Milk Imports

Daily Report Nigeria
Daily Report Nigeria
Published: June 14, 2025
Last updated: June 14, 2025
4 Min Read
Share
Okonjo-Iweala: EU Has Reported Nigeria To WTO for Restricting Milk Imports | Daily Report Nigeria
SHARE

Director of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala says the European Union (EU) has filed complaints against Nigeria over restrictions imposed on milk and dairy products importation.

Okonjo-Iweala, who is currently in Nigeria, held a meeting with the governor of the Central Bank of Nigeria, Godwin Emefiele in Abuja on Tuesday.

As part of efforts to conserve scarce forex and boost local production, the CBN had said it would no longer provide forex for milk importation.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

The WTO DG said: “I have to raise issues about the BoP (Balance of Payment). We have a complaint against us by the EU about the use of devaluation of the balance of payments’ agreement with respect to trying to protect the dairy industry.

“And they feel that this is not the right instrument. So as DG WTO, I have to make this known.”

Emefiele, defending the Nigeria policy said it was due to dairy companies who refused to align with its backward integration programme and the need to protect the national interest.

“We called a meeting about six years ago when I resumed. I said look, Nigeria has dairy potential by the cattle and the rest of them; let’s see what can be done. Nothing was done,” the CBN governor explained.

“Two years ago, we started again, we said listen, we are going to start a programme where we are going to place FX restrictions on those who want to import dairy into Nigeria. Six of them came on board- Friesland and a few of them.

“At that meeting, we took a decision that those who are not embracing our own backward integration programme in the dairy industry should be restricted.

“It was not my decision, it was a decision taken. Before you (Okonjo-Iweala) were probably born or before I was born, Friesland Campina has been importing milk into Nigeria, how come for over 60 years nothing has been done by this company to backward integrate and begin to produce dairy in Nigeria?

“Does that mean Nigeria does not have the potential? The answer is no. So that’s why we in the monetary and fiscal authority must put everybody’s feet on fire so that the right things are done for the good of Nigeria and Nigerians.”

“We do know one way or the other, people may have said a few things about the way we have conducted our trade, but I think it’s important for me to say that some of those things have been done to also help protect our own industries.

“The fact that we need to create jobs for this set of people, we need to create an enabling environment for this set of people to live a gainful life, means that we have a responsibility to do so and in doing so, we will need the support of institutions like yourself (WTO) to work with us.

“We may have faltered in a few areas, I am not going to deny that, we will be willing to engage with you (WTO) in areas where we have concerns. And if those concerns are addressed, I want to assure you madam DG that we will work with you.”

In her reaction, Okonjo-Iweala advised that Nigeria use WTO’s trade remedies which help to protect local industries without resulting to import restrictions

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Godwin EmefieleNgozi Okonjo IwealaWTO
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

FIFA President Infantino Hails Club World Cup as World's Top Club Competition | Daily Report Nigeria
FIFA President Infantino Hails Club World Cup as World’s Top Club Competition
Sports
Iyanya Reflects on Losing Three Family Members in Two Years, Says “It Was the Darkest Period of My Life” | Daily Report Nigeria
Iyanya Reflects on Losing Three Family Members in Two Years, Says “It Was the Darkest Period of My Life”
Entertainment
Queues Return as Fuel Price Hits N1000 in Abuja
Fuel Price Set To Drop Monday As Marketers Respond To Dangote Refinery Slash
Business
“Fielding Peter Obi in 2023 Was a Costly Mistake” – Labour Party | Daily Report Nigeria
“Fielding Peter Obi in 2023 Was a Costly Mistake” – Labour Party
Politics
Trump Slams 30% Tariffs on EU, Mexico, Sparks Fears of Trade War | Daily Report Nigeria
Trump Slams 30% Tariffs on EU, Mexico, Sparks Fears of Trade War
News

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Biafra: I Challenge Malami To Public Debate - Kanu’s Lawyer | Daily Report Nigeria
News

Biafra: I Challenge Malami To Public Debate – Kanu’s Lawyer

June 15, 2025
Anglican Archbishop Suspended Over Illicit Affair With Married Woman | Daily Report Nigeria
News

Anglican Archbishop Suspended Over Illicit Affair With Married Woman

June 15, 2025
BREAKING: Benin Republic Releases Sunday Igboho | Daily Report Nigeria
News

BREAKING: Benin Republic Releases Sunday Igboho

June 13, 2025
Constituents Pressuring us Over Customs Recruitment - Reps | Daily Report Nigeria
News

Constituents Pressuring us Over Customs Recruitment – Reps

June 15, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?