Osinbajo: Nestlé new investment, is a reflection of our robust economy

  • New factory creates additional 100 jobs

The Vice President of the Federal Republic of Nigeria, Professor Yemi Osinbajo, has alluded to the robustness of the Nigerian economy following the newly inaugurated N4.1billion Nestlé’s Milo ready-to-drink factory.

Osinbajo said this on Friday last week when he commissioned the factory in Agbara, Ogun state.

While inaugurating the plant, which is equipped with the latest state of the art technology and adopts high safety and environmental standards, the VP said  “This new plant is a reflection of the continued confidence the industry has in the robustness of our economy.”

“We are grateful to Nestlé for these significant investments, particularly for locating its factories in rural communities and sourcing its raw materials from local farmers contributing to the sustainable development of Nigeria,” said the Vice President.

The new Milo RTD beverage production plant is estimated to worth N4.1billion, the biggest Nestlé Nigeria ever done in recent time.

L-R: Managing Director & CEO,Nestlé Nigeria Plc,Mr. Mauricio Alarcon; Vice President, Federal Republic of Nigeria,Prof.Yemi Osinbajo; Deputy Governor of Ogun State,Chief (Mrs) Yetunde Onanuga; Minister of Trade and Investment, Dr.Okechukwu Enelamah,and Chairman,Nestlé Nigeria PLC,Mr David Ifezulike at the Nestlé Milo Ready-to- Drink Factory commissioning in Agbara,Ogun state, yesterday.

The new investment according to the organisation has created additional 100 jobs.

The new plant is part of the existing Agbara factory, which has been successfully operating for 37 years.

The new plant produces Nestlé Milo Ready-To-Drink (RTD) beverage in 180ml cartons and has a yearly production capacity above 8,000 tonnes.

Launched in October 2017, Milo RTD is made from the natural goodness of milk, malt and cocoa. Milo provides essential nutrients and is fortified with Nestlé’s unique blend of vitamins, ACTIV- GO (Vitamins B3, B2, B6, B12, vitamin C, and vitamin D) and minerals including Calcium and Iron.

“The new Nestlé Milo RTD is complementing the existing range of offerings of our iconic Milo brand. It is conveniently packaged to offer the unique Milo taste and meet the nutrition needs of active children on the go. This is in line with the company’s commitments to enable healthier and happier lives,” said Mauricio Alarcon, Managing Director and CEO Nestlé Nigeria.

L-R: Managing Director & CEO,Nestlé Nigeria Plc, Mr. Mauricio Alarcon; Vice President, Federal Republic of Nigeria, Prof.Yemi Osinbajo; Deputy Governor of Ogun State, Chief (Mrs) Yetunde Onanuga, and Minister of Trade and Investment, Dr. Okechukwu Enelamah, at the Nestlé Milo Ready-To-Drink Factory commissioning in Agbara,Ogun state, yesterday.

“This new production plant is a true reflection of how Nestlé creates shared value for all, by providing good jobs, sourcing 80% of our inputs with local farmers and investing in the development of rural communities,” he added

Nestlé has been present in Nigeria since 1961. With a staff strength of over 2,300 direct employees, 3 manufacturing sites, 8 branch offices and a head office located in Lagos, Nestlé is a strong pillar of growth in the Nigerian economy. It produces a range of high quality iconic brands including Maggi, Milo, Golden Morn, Nescafé and Nestlé Pure Life