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


Featured Articles

Musk’s multibillion hostile Twitter takeover – the timeline

As billionaire entrepreneur Elon Musk buys Twitter for US$44bn, we draw up a timeline, from the buying of shares to the critical tweets and unsolicited bid

Sustainable moves businesses can make to win customers, IBM

With half of consumers saying environmental sustainability is more important today than a year ago, businesses should up their eco action, says IBM report

Banks and consultancies top workplaces to grow career in UK

Financial and professional services firms rank highest in LinkedIn Top 25 best workplaces list – from Barclays, Lloyds and HSBC, to PwC, Deloitte and EY

Top 10 women in technology in Europe

Leadership & Strategy

The value of ESG links sustainability to business returns


Top 10 European football clubs by revenue 2022 – Deloitte

Corporate Finance