Osinbajo commissions N4.1bn Nestlé factory in Agbara

Vice President Yemi Osinbajo has commissioned the N4.1 billion Nestle Milo Ready-to-Drink (RTD) beverage plant in Agbara, Ogun State.

Osinbajo said Nestlé’s commitment to doing business in Nigeria has been unwavering in the past 57 years.

He commended its commitment to investing in Nigeria, adding: “This new plant is a reflection of the continued confidence that 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.”

The vice president urged other multinational companies to emulate Nestlé’s initiative by investing in the country.

He said the Federal Government is committed to supporting businesses to grow the economy and create more jobs in the country.

The Managing Director and Chief Executive Officer, Nestlé Nigeria, Mauricio Alarcon said: “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.”