Nigerian Breweries Invests $114m in Operations

By December 7, 2021 NEWS

Nigeria’s largest brewing company, Nigerian Breweries Plc, says it has attained about 56 per cent in local sourcing of raw materials and has injected $114 million in capital investments and expansion projects in its bid to build a resilient economy.

This is even as the brewing company said about N98 billion has been invested in cultivating local  materials as well as sorghum and cassava value chain through commercial purchase and smallholder farming in the last five years.

Managing Director, Nigerian Breweries Plc, Hans Essaadi, said that the company intends to invest significantly in capacity extension to meet its objectives as well as demands in the market.

“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 these extensions 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,” Essaadi said.

Read original story on The Nation