[Buharinomics] Unilever Says It Will Source Raw Materials Locally

Manufacturing giant, Unilever Nigeria Plc., in separate meetings with the Senate President, Dr. Bukola Saraki, Minister for Trade and Investment and the Minister for State for Trade and Investment, Prof. Okey Enelamah and Mrs. Aisha Abubakar respectively, recently revealed plans to increase its investment in the country.

President of the company, Mr. Bruno Witvoet, said at the meetings that Unilever has plans to set up new plants within the country to boost its manufacturing activities in the country.

The company boss also announced that it was already working on a backward integration programme, aimed at 100 per cent local production of needed raw materials for manufacturing.

“We are pleased and very confident to state that we are a Nigerian company and we are here to stay. We have been in the country for 92 years and will be here for another 92 years and more. Our plans for increased investment will also bring about employment opportunities in the country, as workers will be recruited for the new production line, and in the farms for the production and sourcing of local raw materials,” he said.

This article was culled in part from the Guardian. See full article here

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.


January 2016
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