Promasidor Nigeria Limited has signed a partnership agreement with Ekiti State Government to drive its backward integration initiative aimed at creating local sources of raw materials for its dairy products through the state-owned Ikun Dairy Farm.

The pact was sealed on behalf of the partners by the Ekiti State governor, Dr. John Kayode Fayemi and the Managing Director of Promasidor Nigeria Limited, Anders Einarsson in Abuja, recently.

Commenting on the agreement, Fayemi said that Ekiti was pleased to collaborate with a major player in the fast-moving consumer goods sector deeply committed to the well-being of consumers through its products.

The governor affirmed that the partnership would enhance the backward integration initiative of Promasidor, in compliance with Federal Government’s directives that companies should seek local sources of raw materials for their products, thus ensuring local content development.

Fayemi disclosed that the farm, established in 1980 with hundreds of fattened cattle, could serve as a source of milk supply to produce evaporated milk and other nutritional products, create more employment opportunities and increased nutritional products.

In his remark, the Managing Director of Promasidor Nigeria Limited, Anders Einarsson, said the farm would in no small measure provide opportunities to enhance local milk production.

He affirmed that as the maker of quality products, local sources of milk collection were paramount to become less dependence on foreign raw materials.

SOURCE: THE GUARDIAN