News Highlight :
• Fan Milk’s new yoghurt production line is expected to boost local job creation, stimulate economic growth, and increase the company’s production capacity.
• The project reflects Danone’s long-term commitment to Nigeria’s dairy sector and the African market at large.
• Industry leaders, including former President Obasanjo, have lauded the investment for its potential to contribute significantly to Nigeria’s GDP and global competitiveness.
Fan Milk Nigeria has launched a new yoghurt production line at its Ibadan facility, signaling a major boost to the local economy and the Nigerian dairy industry. The event saw the attendance of prominent figures, including Oyo State Governor Seyi Makinde, Former President Olusegun Obasanjo, and key players from the Nigeria Investment Promotion Council (NIPC), all heralding the project as a pivotal step for economic growth.
The new yoghurt line reflects the continued commitment of Danone, Fan Milk’s parent company, to investing in Nigeria’s dairy sector. Governor Makinde, represented by his Deputy Adebayo Lawal, highlighted the project’s potential to stimulate the local economy through job creation and improve the availability of high-quality dairy products for Nigerians.
“This facility is more than just a business venture—it’s a catalyst for socioeconomic development,” Lawal emphasised. “It will create jobs, stimulate the local economy, and enhance the quality of dairy products available to our citizens.”
Driving Growth in Nigeria’s Dairy Industry
Former President Obasanjo underscored the significance of this investment, describing it as a testament to the vital role of manufacturing in driving Nigeria’s economic expansion. “Fan Milk has been a household name for decades, and this facility is a clear indication of the brand’s enduring commitment to quality and innovation,” Obasanjo said. “This will contribute not only to local job creation but also to the nation’s GDP, proving that Nigeria has the potential to compete globally.”
With this strategic investment, Danone, one of the world’s leading food and beverage companies, aims to expand its footprint in Africa while leveraging Nigeria’s growing demand for dairy products.
The newly launched yoghurt line is equipped with advanced technology designed for efficient and sustainable production. According to Danone’s Deputy CEO, Véronique Penchienati-Bosetta, the investment is part of a long-term strategy to strengthen Danone’s presence in Africa.
“This new line will not only increase our production capacity but also ensure we continue delivering nutritious, high-quality products that our consumers trust,” Penchienati-Bosetta stated.
Visionary Investment for Nigeria’s Dairy Future
Christian Stammkoetter, President of Danone’s Africa, Middle East, and Asia operations, also expressed confidence in the Nigerian market. He noted that Danone’s significant investments in Nigeria demonstrate the company’s belief in the potential for sustainable growth in the country’s dairy sector.
Fan Milk Plc’s Managing Director, Kayode Adebiyi, hailed the new production line as a “landmark achievement” for the company. He explained that the facility would not only increase the company’s ability to meet the rising demand for dairy products but also align with global best practices in innovation and sustainability.
“The new yoghurt line is a reflection of our determination to innovate and deliver products that meet the highest global standards,” Adebiyi said.
The launch of this yogurt line is set to enhance Fan Milk Plc’s position in Nigeria’s competitive dairy market. Consumers can expect a more diverse product range, as the company continues to focus on producing trusted, high-quality dairy products for local and regional markets.
