Nestle strengthens Nigerian commitment

By mahlokoane percy ngwato

Nestle has announced that it has constructed a state-of-the-art water factory near Abuja, Nigeria amid promises that the company is planning further investments in Africa’s largest economy.

The 5.7 billion naira, 14.13 hectare project was made financed by a loan from the Bank of Industry, guaranteed by the First City Monument Bank – it is projected to directly create over 100 jobs.

In a statement, President Buhari said: “The Federal Government will continue to encourage the private sector by providing market stability, providing the necessary infrastructure and micro economic policies for business.’’

Managing Director of Nestle Nigeria, Dharnesh Gordhon, said: “It underpins our strong belief in the potential of the local market and the resilience of Nigerian economy in spite of the current difficult and volatile business environment.’’

African Business Review’s April issue is now live.

Follow @AfricaBizReview and @MrNLon on Twitter.

African Business Review is also on Facebook. 

SOURCES: [Punchng; Premium Times Nigeria

Share

Featured Articles

Meet the COO: Brook Sims of MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best business books to improve leadership strategy

From strategic guides to inspiring CEO memoirs, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better leader

Shoplazza founder and CEO Jeff Li, ex Baidu, on leadership

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

The office shifts to new way of working – workplace special

Leadership & Strategy

Trailblazer: Clorox's DEI leader Shanique Bonelli-Moore

Sustainability

The inspirational CEO story – Dean Forbes of Forterro

Leadership & Strategy