Business
Firm Restates Commitment To Quality Product
Friesland Campina WAMCO, over the weekend reiterated its commitment to nourishing Nigerians with quality dairy products to ensure a healthy nation.
The Company disclosed this in a statement signed by Mrs Ore Famurewa, Corporate Affairs Director, FrieslandCampina WAMCO Nigeria, in Lagos .
It said that Mr Ben Langat, Managing Director, FrieslandCampina WAMCO assured during the company’s celebration of the World Milk Day 2019 with farmers at Iseyin, Oyo State, this is celebrated globally on June 1.
World Milk Day was established by the United Nations Food and Agriculture Organization (FAO) to recognise the importance of milk as a global food. Langat said that FrieslandCampina WAMCO since 2011, had been working in collaboration
with the Federal Ministry of Agriculture and Rural Development (FMARD) on its Dairy Development Programme (DDP).
He said that this was to improve local sourcing of milk in alignment with national development goals.
According to him, through the DDP in Nigeria, the company has enhanced the technical capacity and knowledge of over 3,500 local dairy farmers which include 900 women.
Langat said it had also helped to develop new institutional capacities, policies and practices around dairy development that benefit both small holder farmers and pastoralists for a sustainable local dairy sector.
He commended the dairy farmers under its DDP across 90 communities on the progress made thus far, especially their recent record of supplying 27,045 liters of milk in one day.
“FrieslandCampina WAMCO continues to invest in local milk production, we recorded the highest milk collection of 27,045 litres daily production on May 28, years after the first 400 litres daily collection in 2011.
“We have improved raw milk quality by 500,000 colony forming units (cfu) per milliliter and held 1331 training sessions for farmers and extension staff on topics with regard to milk quality and productivity, implementation of Good Dairy Farming Practices,” he said.
Langat, however, charged the farmers to increase their raw milk yield to justify the company’s plan to set up a Milk Processing Centre within the community.
“We are not only committed to providing affordable dairy products, we are also charged with the responsibility of increasing local milk sourcing,” he said.
The company, he said, was also to ensure consumers, children and dairy farmers enjoy the goodness of milk every day.
He noted that the company had five milk collection centres, 10 milk collection points and 10 currently under construction across various communities in Oyo State.
According to him, as part of activities to celebrate the World Milk Day, the company treated over 1000 dairy farmers to a surprise Peak Breakfast.
“We bring to focus milk as an important nutritional source, and we engaged consumers at all levels, including our dairy farmers, with the theme #EnjoyDairy with a #Peak breakfast.
“We do this because we believe that our products have a higher purpose than just being delicious and nutritious.
“They are ultimately the catalyst and facilitators of development in every sense of the word and contribute to our overarching mission of nourishing Nigerians with quality dairy nutrition,” he said.
The Food and Agriculture Organisation (FAO) data shows that more than one billion people’s livelihoods are supported by the dairy sector and that dairy is consumed by more than six billion people globally.
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.
