Nigerian Breweries Promises Increased Investment Portfolio

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Nigerian Breweries (NB) Plc has stated that it will increase its investment portfolio in the country, thereby enhancing local manufacturing. This

The Corporate Affairs director, NB, Sade Morgan averred that the giant brewer has maintained its pride of place in the mind of consumers, across generations, through timeless innovation, brand relevance and consistent strategy.

She added that “I would like to assure all our consumers that as we mark this anniversary, the best is yet to come. We have the support of passionate staff, stakeholders and shares that remain fully energized to delight Nigerians for another 75 years. We are grateful to everyone, our consumers, investors, staff, government and media for their continuous support over the last 75 years.

According to the company, the efforts of its highly trained workforce and the support of its shareholders and partners have culminated in its success over the years. Nigerian Breweries disclosed that it had reached about 56 per cent in local sourcing of raw materials, noting that it has injected about $114 million in capital investments and expansion projects.

According to the Company, we have prioritized import substitution and accretion for foreign reserve with N78 billion in investing and cultivating locally sourced materials in the last five years and N20 billion in sorghum value in 2021 through commercial purchase and smallholder farming.

 

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