The Central Bank of Nigeria (CBN) is said to have concluded plans to restrict foreign exchange availability for dairy imports in a bid to boost local production and investment in ranches.

Sources privy to discussions held between the CBN Governor, Godwin Emefiele and milk producers said that he told them that foreign exchange would soon be restricted for dairy imports at both the official exchange and parallel markets if they do not invest in ranches, a move he said would reduce the ongoing farmers and herders conflict in the country.