By Abimbola Abdullahi

Celebrating its 75 years of quality products in Nigeria’s market, the Nigerian Breweries (NB) Plc has unveiled its plans for further expansion with injection of about $114 million (N55 billion) in capital investments.

The company, which prides itself as a sustainable leading distiller in Nigeria said it had reached about 56 per cent in local sourcing of raw materials.

It however unveiled a special logo celebrating its 75 years of existence.

 

The company’s Corporate Affairs Director, Sade Morgan, who disclosed this at a media parley to commemorate the firm’s 75th anniversary in Lagos, said the company had invested up to N98 billion in the cultivation of local raw materials, in addition to sorghum and cassava value chains through commercial purchase and smallholder farming in the last five years.

She said: “NB Plc, in its bid to build a resilient economy through sustainable capital investments, have injected about $114 million in capital investments and expansion projects scheduled for 2021/2022 in Ama (Enugu) brewery.

Morgan noted that despite the pandemic in 2020, the company kept to its strategy of delivering satisfaction and growth, adding that the Nigerian economy still remains an exceptional market with the right fundamentals for growth.

According to her, the company is strategically focused to achieve a 100 per cent target in local sourcing of raw materials, especially in the availability of local ingredients needed for production.

“We have done about 56 per cent in local material sourcing but our packaging material is at 100 per cent. The challenge with the raw material is the availability of local ingredients that goes into making most of our products.

“So that is an area where we will continue to pioneer as we did in backward integration for sorghum but for now, we want to be able to satisfy our consumers and give them the same quality of beer that they can get anywhere in the world.”

Chairman, NB, Chief Kola Jamodu said the company is determined to meet the needs of Nigerians at the right quality, urging them to watch out for more exciting products from Nigerian Brewries.

The Managing Director, NB, Hans Essaadi, said the company intended to invest significantly in business expansion as part of its growth strategy and objectives.

“We have grown with Nigeria and it is clear that moving forward, we will continue to invest significantly in capacity extension to meet our objectives as well as demands in the market.”

“We should expect much of this extension in the East and Northern part of the country and our majority shareholder, Heineken is committed to this and this is good as it will bring direct and indirect job opportunities for Nigerians”, he said.

By Abimbola Abdullahi

Celebrating its 75 years of quality products in Nigeria’s market, the Nigerian Breweries (NB) Plc has unveiled its plans for further expansion with injection of about $114 million (N55 billion) in capital investments.

The company, which prides itself as a sustainable leading distiller in Nigeria said it had reached about 56 per cent in local sourcing of raw materials.

It however unveiled a special logo celebrating its 75 years of existence.

 

The company’s Corporate Affairs Director, Sade Morgan, who disclosed this at a media parley to commemorate the firm’s 75th anniversary in Lagos, said the company had invested up to N98 billion in the cultivation of local raw materials, in addition to sorghum and cassava value chains through commercial purchase and smallholder farming in the last five years.

She said: “NB Plc, in its bid to build a resilient economy through sustainable capital investments, have injected about $114 million in capital investments and expansion projects scheduled for 2021/2022 in Ama (Enugu) brewery.

Morgan noted that despite the pandemic in 2020, the company kept to its strategy of delivering satisfaction and growth, adding that the Nigerian economy still remains an exceptional market with the right fundamentals for growth.

According to her, the company is strategically focused to achieve a 100 per cent target in local sourcing of raw materials, especially in the availability of local ingredients needed for production.

“We have done about 56 per cent in local material sourcing but our packaging material is at 100 per cent. The challenge with the raw material is the availability of local ingredients that goes into making most of our products.

“So that is an area where we will continue to pioneer as we did in backward integration for sorghum but for now, we want to be able to satisfy our consumers and give them the same quality of beer that they can get anywhere in the world.”

Chairman, NB, Chief Kola Jamodu said the company is determined to meet the needs of Nigerians at the right quality, urging them to watch out for more exciting products from Nigerian Brewries.

The Managing Director, NB, Hans Essaadi, said the company intended to invest significantly in business expansion as part of its growth strategy and objectives.

“We have grown with Nigeria and it is clear that moving forward, we will continue to invest significantly in capacity extension to meet our objectives as well as demands in the market.”

“We should expect much of this extension in the East and Northern part of the country and our majority shareholder, Heineken is committed to this and this is good as it will bring direct and indirect job opportunities for Nigerians”, he said.