Speaking at an interface and discussion session with some select journalists over the weekend at its corporate headquarters in Ogba, Lagos, the Managing Director/CEO Mr John Musunga led other management team including the Company Secretary Mr. Rotimi Odusola, Ayodele Alabi, and others to take stock and bring the public up to speed on certain steps taken by the brewery giant.
While noting that it was delighted with the opportunities that Nigeria offers the company, for its brands, Musunga said it is poised to continue to add value to its teeming customers. “Of course, we are not saying we are comfortable with that. So, we don’t want to carry forward that kind of situation of forex exposure in our balance sheets. That is why we’re being tactical about freeing ourselves from marketing our international spirits brands and rather use our forex to buy raw materials with the forex we receive from the government as well as our earnings instead of having to give it away again.