Business

FrieslandCampina WAMCO: Langat Speaks On Revolutionizing Dairy Sector, Benefits

Published

3 years ago

July 8, 2023

FrieslandCampina WAMCO: Langat Speaks On Revolutionizing Dairy Sector, Benefits

Known in multinational circles as a turnaround business strategist, the Managing Director of FrieslandCampina WAMCO and Sub-Saharan Africa Cluster, Ben Langat, has maintained steam in the sustainable dairy breakthroughs that the firm has championed in more than a decade.

Since 2010 and still counting, FrieslandCampina WAMCO has invested over N21 billion in the Nigerian dairy sector even as the dairy giant continues to lead the transformation of the sector. Media visits to the dairy development sites of the firm across several states in the country show how the lives, living and livelihoods of thousands of farmers, their wives and children have gradually upscaled; improving their nutrition, health, earnings and access to child education, among other benefits that had eluded them for decades.

Thriving on its corporate commitment of nourishing Nigerians with quality dairy products, FrieslandCampina WAMCO continues to help solve issues of malnutrition, poverty, herders and farmers’ incessant clashes, as well as promote sustainable dairy practices through intense and creative backward integration.

The company has created over 100,000 employment opportunities, directly and indirectly through on-farm and off-farm activities; improved the livelihood of over 12,000 smallholder dairy farmers and pastoralists, which they have organized into cooperatives and integrated them into FrieslandCampina WAMCO’s fresh milk supply chain, which provides for the local dairy farmers guaranteed incomes and market access all-year round.

FrieslandCampina WAMCO provided access to potable water for communities and livestock with the construction of 109 solar-powered boreholes and proficient extension services for value chain actors; extensive farmer2farmer training where Dutch farmers visit Nigeria to train local farmers on animal health, hygienic milking, and best global dairy practices.

Besides developing productivity and efficiency in farm management, FrieslandCampina WAMCO is the highest off-taker of fresh milk produced locally for manufacturing in Oyo, Osun, Ogun, Kwara and Ondo and have spread their footprints into northern Nigeria as champions of the nation’s march towards a prosperous and self-sufficient dairy industry.

Speaking to the media recently, the eminent dairy management maestro, Langat fielded these questions among others, thus lending credence to the impact his company has made in the dairy sector…

How do you sustain local content for your products?

To grow high milk-yielding cows, you have to put in extra effort like we have been doing for over 12 years. FrieslandCampina WAMCO is the highest off-taker of fresh milk produced locally from five states in Nigeria. Our Yoghurt factories are running on local milk, so we can say we have brands that are 100% Nigerian in our portfolio. However, to be able to meet the total dairy nutrition demands in a country as large as Nigeria, the local milk currently available is still very much inadequate. In my opinion, the model that the country will run will still have a reasonable mix of importation of some of the raw materials, while local content is developed over a period of time.

What impact do your dairy activities have in your host communities?

We are doing all the right things if you look at it from the employment perspective. Among the 12,000 farmers we work with, there are about 1500 Fulani women who had been at home but today, they are productive and are being paid regularly for raw milk and their families are much more prosperous than before – the farmers, their wives and children. In some cases, their mud huts have been rebuilt to brick houses and their children now go to school, which they could not afford before.

How have you dealt with the paucity of Forex and threats of insecurity?

We have had to restrict our Forex needs as much as we can and also source it by any means legal. We sometimes source from commercial banks in addition to whatever the Central Bank is able to make available. Also, some of our service providers are able to source Forex and supply us products in Naira. This invariably means that the cost of raw materials will go up and ultimately affect the retail prices of our products. On insecurity, we have regular conversations with relevant government security agencies. We will never risk the lives of our people. Where we have security challenges around areas where we operate, we pull out for the time being like the case of the Bobi Reserve in Niger State. We had to withdraw from the location due to banditry in order not to risk the lives of our people. We are now in eight states in Nigeria; we work with 23 dairy cooperatives; we collect more than 40,000 litres of milk daily at peak periods and we have best-in-class raw milk quality, one of the best in Africa.

BIO: Bernard Cheruiyot Langat joined FrieslandCampina WAMCO Nigeria in 2017 as the Managing Director and in July 2021, his role was expanded to Sub-Saharan Africa Cluster. He has over 30 years’ experience having worked in leading multinationals – Unilever, Coca Cola Hellenic – and across African markets in Kenya, Malawi, Ghana and Nigeria, where he has consistently led businesses to accelerate performance and build long term growth strategies, and has delivered impressive results even during volatile times.

Related Topics:Featured FrieslandCampina Lifestyle

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Bank

Union Bank Honoured by ASBON at Nigeria National SME Business Awards

Published

5 minutes ago

May 13, 2026

Sahara Weekly

Union Bank Honoured by ASBON at Nigeria National SME Business Awards

Lagos, Nigeria – Union Bank of Nigeria has reaffirmed its reputation as a strong supporter of Nigerian businesses, receiving the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria (ASBON) at the Nigeria National SME Business Awards, held recently in Lagos.

The award was presented to the Bank in recognition of its strategic leadership in advancing the growth and resilience of small and medium-sized enterprises, through a differentiated suite of solutions designed to enable business expansion and long-term value creation.

Receiving the award on behalf of the Bank, Ayokunnumi Abraham, Head of SME Segment at Union Bank, described the recognition as a strong endorsement of the Bank’s commitment to supporting small and medium-sized businesses. He said:

“We are honoured to receive this recognition, which reflects Union Bank’s continued commitment to helping SMEs grow by making banking simpler, faster, and more accessible. Through enhancements to our specialised platforms such as Union360, we have meaningfully reduced the time it takes for businesses to come on board and begin transacting. These improvements have shortened onboarding, increased digital adoption among our SME customers, and supported the acquisition of new business clients. Our focus remains on delivering practical solutions that help Nigerian businesses thrive.”

Organised by ASBON in partnership with the Lagos State Government through the Ministry of Commerce, Cooperatives, Trade and Investment, the event convened stakeholders from the public and private sectors to recognise individuals and organisations driving meaningful impact across Nigeria’s SME ecosystem.

Union Bank remains focused on deepening its support for SMEs through customer-led solutions and processes that strengthen business growth across the ecosystem.

Bank

Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion

Published

13 hours ago

May 12, 2026

Sahara Weekly

Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion

_By AGP News

*UNITED KINGDOM OF ATLANTIS* — In a move signaling a push into international markets, the Royal Throne of the United Kingdom of Atlantis on Sunday announced the corporate transformation of Atlantian Crown Bank LLC into *Arizona Global Bank LLC*, as part of a wider restructuring to position the institution for global banking and financial innovation.

The announcement was made at a press conference in the UKA capital by *HRM Queen Amb. Cletus C. Leaticia*, Chief Executive Officer of the newly named bank. She told reporters the rebranding marks _“more than a name change”_ and reflects a strategic pivot toward digital finance, cross-border investment, and modern banking standards.

_“This transformation represents our commitment to innovation-driven banking and our vision to become a globally competitive financial institution,”_ Queen Leaticia said.

*Licensing Process Underway*

According to the Department of Financial Administration and Corporate Affairs, which issued the official communication, Arizona Global Bank LLC has formally begun the process of applying for a *Banking Operational Licence* under UKA’s financial regulatory framework.

Once licensed, the bank plans to operate as a modern financial enterprise focused on four pillars:

1. Innovation-driven banking and digital financial solutions

2. Corporate financing and structured investment services

3. International financial partnerships and cross-border trade facilitation

4. Financial inclusion initiatives

Bank officials stressed that the institution will _“maintain strict compliance with all banking regulations and supervisory standards”_ set by UKA financial authorities.

*Strategic Shift Amid Global Ambitions*

Management described the rebranding as part of a broader restructuring initiative to _“strengthen the bank’s international identity, expand its global financial footprint, and align operations with contemporary banking standards.”_

Representatives called the licensing and rebranding process a _“major milestone”_ aimed at supporting economic growth, international trade, and cross-border investment initiatives.

*No Disruption to Existing Commitments*

Addressing potential concerns from clients and partners, management reassured stakeholders that _“all existing institutional commitments, operational objectives, and long-term strategic plans remain fully intact throughout the transition process.”_

The Royal Throne indicated that further updates on the licence approval, commencement of operations, corporate partnerships, and investment programmes will be released through official UKA and Arizona Global Bank LLC channels.

_The Department of Financial Administration and Corporate Affairs, Royal Throne of United Kingdom of Atlantis, issued the official statement._

Bank

Fidelity Bank grows Gross Earnings by 45.6% for FY 2025

Published

14 hours ago

May 12, 2026

Sahara Weekly

Fidelity Bank grows Gross Earnings by 45.6% for FY 2025

Lagos, Nigeria – Fidelity Bank Plc, a leading Nigerian financial institution, has announced its audited financial results for the year ended 31 December 2025, reporting Gross Earnings growth of 45.6% from N1.04 trillion in 2024 to N1.52 trillion in FY 2025, reflecting stronger topline momentum across core business segments.

The Group recorded a Profit Before Tax of N347.7 billion. This performance was underpinned by a 38.7% year-on-year increase in interest income to N1.11 trillion (FY 2024: N803.1 billion) and a 44.7% year-on-year rise in fees and commission income to N113.4 billion (FY 2024: N78.4 billion).

On the balance sheet, total assets grew by 18.6% year-on-year to N10.46 trillion (FY 2024: N8.82 trillion), while customer deposits increased by 16.1% year on year to N6.89 trillion (FY 2024: N5.94 trillion), reflecting continued franchise strength and growing customer confidence in the brand. Net loans and advances declined by 2.4% year-on-year to N4.28 trillion (FY 2024: N4.39 trillion) as customers paid down on their mature obligations.

The Bank also strengthened its capital position during the period, with eligible capital rising to N561 billion, above the regulatory minimum of N500 billion for banks with international authorisation. In addition, capital adequacy remained robust, with Capital Adequacy Ratio of 30.94 percent as at 31 December 2025 (FY 2024: 23.47 percent).

Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

The Bank is the recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.