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| R-L: Vice President of Nigeria, Alhaji Namadi Sambo; Ogun State Governor, Senator Ibikunle Amosun; President, Manufacturing Association of Nigeria and former Minister of Industry, Chief Kola Jamodu and Group President CEEMA, Procter and Gamble (P&G), Mr. Laurent philippe during the official commissioning of P&G’s multibillion naira state of the art Plant at Agbara, Ogun State |
Procter & Gamble Nigeria, a leading American global consumer goods company, has opened a $300 million (about N4.8 billion) new plant in Nigeria. The new plant which is located in Agbara Industrial Estate, Ogun State sits on 40.2 hectares of land after its Ibadan plant in Oyo state.
The Greenfield investment represents American largest investment in Nigeria outside the oil and gas industry.
Speaking at the event, President Goodluck Jonathan congratulated P&G on the opening of the state of the art plant and commended the company for its dedication towards the country as exemplified by the investment in the new plant.
President Jonathan who was represented by Architect Namadi Sambo- Vice President of the Federal Republic of Nigeria, said the government would continue to support industries through the removal of investment barriers.
He added that the goal of his administration is to ensure efficient coordination of investments by relevant government agencies, a development which made it to embark on a comprehensive tax reform in a bid to eliminate double taxation.
Also speaking, Mr. Laurent Philippe, P&G Group President for Central & Eastern Europe, Middle East and Africa (CEEMEA) explained that P&G is proud to have been part of Nigeria’s growth for over 20 years and is committed to continue investing in Nigeria in a bid to Touch and improve lives of people in Nigeria. He noted that the company’s dedication to investing in Nigerian closely supports the Government’s Transformation agenda, “We share the same purpose and a partnership between the two is both natural and essential”.
He went on to say, “Maintaining strong momentum in markets such as Nigeria is a priority for P&G. We are investing in marketing spending and also accelerating relevant innovation. With our dedication to grow the business in Nigeria we are pleased to be market leaders in several categories in which our brands belong. However, there is still a significant opportunity to enlarge our portfolio, to introduce more of our high quality brands and enter into more categories.
To this end, we are now strengthening our manufacturing operations in the country with the plant we are commissioning here today. This plant positions Nigeria to be the manufacturing hub for other P&G markets of West Africa and supports the Government’s diversification efforts- being the current largest US investment outside of the oil sector.
With the plant, P&G will be creating thousands of jobs, directly and indirectly, for Nigerians and would be supporting the establishment and expansion of hundreds of SME’s with added development of human capital. Through suppliers, partners and agencies, we will have a broader positive impact on the economy and on further job creation.” Mr. Philippe further reiterated P&G’s commitment to continued investments in Nigeria.
P&G’s Plant Manager for the Agbara plant – Mr. Yasser Shehto led the Vice President as well as other delegates on a tour of the new manufacturing plant. The plant features the latest diaper manufacturing technology enabling Pampers to better serve more babies and Mothers in Nigeria. He also highlighted the plant’s technological advancement in waste management and environmentally friendly manufacturing practices.
Operations have already begun on the new site with the manufacturing of Pampers diapers. The facility also has the capacity to accommodate further expansion of manufacturing operations on the same site.
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