The Managing Director of Integrated Diaries Ltd (IDL), Mr. Sheyin Roy Shekarri, has lamented the impact of the fluctuating foreign exchange on the food sector, saying the government needs to take drastic measures to arrest the situation.
Shekarri, who spoke at the company’s repackaged yoghurt in Lagos, also expressed concern over the rising cost of production, saying his company had to put appropriate measures in place to enable it cope with the forex problem.
He explained that the yoghurt was repackaged to offer greater value for Nigerians at affordable prices.
The managing director noted that the product was made to global standards, saying every drop of the products come from 550 hectare dairy farm and processing facility in Vom, Plateau State.
“We operate along the full value chain of the dairy business, from rearing beautiful calves to delivering nutrient-rich products to homes across the country,” Shekarri stated.
