NIGERIA – FrieslandCampina, the Netherlands based Dutch multinational has pledged to invest about US$12.78 million in a “ready-to-drink project, using 100% locally sourced milk.”

According to the Beverage Industry news, the dairy cooperative will enhance continuous training for dairy farmers, and provision of fortified milk for school pupils.

The commitments were made in a joint announcement with the company’s Dutch counterpart, Heineken who also committed to increase their investments in the country.

On the other hand, Heineken, the maker of Heineken lager beer said the company was planning to use renewable energy for its power needs.

Mr Roland Pirmez, Regional President, Heineken Africa, Middle East and Eastern Europe commended the government for stability in exchange rate for the past six to eight months.

Speaking during a meeting with CEOs from Dutch firms in his visit to The Hague, Netherlands, Nigeria’s President Muhammadu Buhari said, “…. stability was the first thing in our campaigns.

You have to secure a country first before you can effectively manage it.

Before businesses can thrive, security is paramount, that is why we lay so much emphasis on securing the country.

“After security, our next emphasis is reviving the economy, and then, fighting corruption.”

Buhari urged the businesses to build factories in Nigeria and use local raw materials instead of wholesale imports adding that he was impressed with the economic cooperation between Nigeria and Netherlands.

FrieslandCampina through its consumer products arm FrieslandCampina WAMCO Nigeria Plc announced in 2015 that it was investing at least US$23.23m into their operation in the country specially to support its dairy market.

As Heineken moved to expand into one of the world’s fastest growing beer market, it bought a controlling stake in five breweries in Nigeria from Sona Group, raising its market share in the continent.