Osinbajo Inaugurates N4.1bn Beverage Plant, Seeks Foreign Investments

Vice President, Yemi Osinbajo

Enterprise Television- Osinbajo Inaugurates N4.1bn Beverage Plant, Seeks Foreign Investments

Vice President Yemi Osinbajo has called on multinational companies to create more job opportunities for Nigerians through sufficient investments in the country.

The Vice President made the call on Thursday in Agbara, Ogun State, while inaugurating Nestle Nigeria’s Milo Ready-to-Drink beverage production plant, which costs N4.1bn.

The Managing Director and Chief Executive Officer, Nestle Nigeria, Mr. 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. This is in line with the company’s commitments to enable healthier and happier lives.

Osinbanjo added this will create 150,000 direct jobs in addition to local sourcing. 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, thereby contributing to the sustainable development of Nigeria.

He alson urge other manufacturing firms to emulate Nestle and domicile their investment opportunities in Nigeria as that is the only way they can help the Federal Government achieve its effective growth in job creation.