Lagos State Government has reassured organisations willing to invest in the state of its support and enabling environment. The state governor, Mr. Akinwumi Ambode, who spoke at the inauguration of the new ultra modern plant of the Cabdury Nigeria Plc, a subsidiary of Mondelez International, in Lagos, said his administration will redouble efforts to encourage the manufacturing sector through incentives and infrastructures. Ambode, who was represented by his deputy, Dr. Indiat Adebule, called for more investment in the commercial city, even as he urged business owners to promote international best practice and provide job for the youths. The governor described the new plant as an edifice that would boost the fortune of the company and the nation’s economy.
Earlier, the Managing Director of the company, Mr. Roy Naaman had stated that the event represented another milestone in the company’s pursuit of its global effort to build a world-class supply chain.
“This new plant will boost our production capacity by nearly 37per cent to meet surging demand for Nigeria’s favorite food-drink, Bournvita. This new plant will also help bring to life our global strategy to protect the well-being of our planet through the design and operation of new growth facilities that minimise our environmental footprint.
“Our investment in this plant reflects the company’s confidence in the fundamentals of the Nigerian economy and commitment to the development of Lagos State as our host community. It is this level of support from the Federal Government of Nigeria, the Lagos State Government and the availability of a talented workforce that led to our decision to build this state-of-the-art plant.”
Also speaking, the executive Vice President, ICS Global, MondelÄ“z International, Mr. Daniel Myers, said the plant would help bring to life the group’s global strategy to protect the well-being of its planet through the design and operation of facilities that minimize the environmental footprint.
“As a mark of MondelÄ“z International’s confidence in the Nigerian economy, we embarked on the construction of a new ultra-modern plant within our site here in Lagos, which resulted in Direct Foreign Investment of over 10 billion naira.”
Meanwhile, a statement issued by the Head, Corporate and Government Affairs in West Africa for the company, Mr. Bala Yesufu, noted that the new plant is fully automated and would replace an older facility which could not support the necessary expansion plans.
According to the statement, the plant would also generate greater efficiency, enhance the quality of their products and be more competitive in the market.
“Mondelez International embarked on the construction of the plant as a mark of confidence in the Nigerian Economy, within the company’s site at Agidingbi, Ikeja Lagos, which resulted into Direct Foreign Investment of over N10 billion,” it said.
Source: Thisday Nigeria