Business

Nigerian Cows, Worst Milk Producers Globally – Ogbeh

  • Nigerian Cows, Worst Milk Producers Globally – Ogbeh

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has said cows raised in Nigeria are the worst milk producers in the world.

He said an average cow in the country produces less that one litre of milk per day compared to those from other countries where a cow could produce 100 litres per day.

Ogbeh said this at the 79th anniversary of Ikoyi Club 1938 in Lagos on Thursday.

According to the minister, an average cow in Holland produces a minimum of 50 litres of milk per day, while in the United States, milk production per cow can rise to over 100 litres.

He said moving cows from place to place was a major problem affecting meat and milk production in Nigeria, stressing that the earlier farmers started developing ranches for cows, the better it would be for the cow market and its entire value chain.

“An average cow in the US drinks an average of 100 litres of water per day; but in Nigeria, I doubt whether a cow can get two litres of water per week,” Ogbeh added.

The minister also stated that the country accounted for 67 per cent of the world’s yam production, adding that there were more opportunities for Nigeria to grow its share of the market, valued at $12bn, given the over 50 million hectares of land lying fallow in the country.

To give the agricultural sector a major boost, he said the Bank of Agriculture would soon be restructured so that every local government in the country would have at least a two-room branch.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Centralise Regulation for our Industry, E-hailing Drivers Urges FG

In a bid to bolster the interest of drivers in the country, E-hailing drivers, under…

3 days ago

Felicia Obozuwa Takes on Key Role as FCMB Executive Director, Corporate Services

First City Monument Bank (FCMB) has announced the appointment of Felicia Obozuwa as its Executive…

3 days ago

Equities Market Sheds N931 Billion as 40 Stocks Decline in Another Bearish Session

The Nigerian equities market extended its losing streak for the fourth consecutive session Wednesday with…

3 days ago

70 Million Poorest of The Poor Nigerians To Get N75,000 From FG

Notwithstanding that the Federal Government's efforts to distribute cash to poor Nigerians have failed in…

3 days ago

Dollar to Naira Exchange Rate Today, January 16th, 2025: Black Market vs CBN Rates

The Dollar to Naira exchange rate remains a critical indicator of Nigeria’s economic landscape, reflecting…

4 days ago

Over N60.5bn Alleged Fraud: More Trouble For Impeached Lagos Speaker Over Imminent Arrest By EFCC

Stakeholders and political gladiators in Lagos State have called on the Economic and Financial Crimes…

4 days ago