Osinbajo inaugurates Nestle’s Milo Ready-to-Drink N4.1bn beverage plant

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Managing Director & CEO,Nestlé Nigeria Plc, Mr. Mauricio Alarcon; Vice President, Federal Republic of Nigeria, Prof.Yemi Osinbajo; Deputy Governor of Ogun State,Chief (Mrs) Yetunde Onanuga, and Minister of Trade and Investment, Dr Okechukwu Enelamah, at the Nestlé Milo Ready-To-Drink Factory inauguration in Agbara, Ogun, on Thursday Feb. 8, 2018.

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

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, contributing to the sustainable development of Nigeria,’’ he said.

Osinbajo on Thursday in Agbara, Ogun State, while inaugurating Nestle Nigeria’s Milo Ready-to-Drink beverage production plant, which costs N4.1bn said “such investments can create millions of jobs in 2018 and reduce the crime rate in the country.”

The Vice President pointed out that if companies make sufficient investments in the country, “such investments can create millions of jobs in 2018 and reduce the crime rate.

He added, “I 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.

“The new plant, I believe, is a significant step not just for Nestle, but for the Ogun State Government

The Managing Director of Nestle Nigeria, Mr Mauricio Alarcon, said the new plant was a reflection of how Nestlé creates Shared Value for all, by providing jobs and sourcing 80 per cent of inputs from local farmers and investing in rural communities’ development.

“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,’’ he said.

Alarcon said that the company would continue to invest in people, innovation and enhancing quality of life and health for sustainable future.

He noted that Nestlé Milo had built a rich heritage in Nigeria as the food drink of champions, inspiring early participation in grassroots sports through various programmes, including the Nestle Milo Basketball Championships.

Alarcon said that Nestlé believed that the programmes was a platform for learning valuable life lessons, like respect, teamwork, perseverance and resilience for success, vital not only on the field but in life.

The Governor of Ogun, Ibikunle Amosun, said the factory’s inauguration was a testament to Nestlé’s belief in the economy and prevailing tranquility of the state.

Amosun, represented by the Deputy Governor, Yetunde Onanuga, urged companies in the state to collaborate with government in infrastructure development, educational improvement and compliance with tax payment.

The News Agency of Nigeria (NAN) reports that the new plant is part of the company’s existing factory at Agbara which has successfully been operational for 37 years.

The new plant produces Nestlé Milo Ready-To-Drink (RTD) beverage in 180ml cartons and has a yearly production capacity above 8,000 tonnes.

Nestlé has been present in Nigeria since 1961 and has a staff strength of over 2,300 direct employees, three manufacturing sites and eight branch offices.

Launched in October 2017, Milo RTD is made from the natural goodness of milk, malt and cocoa.

Milo provides essential nutrients and is fortified with Nestlé’s unique blend of vitamins, ACTIV- GO (Vitamins B3, B2, B6, B12, vitamin C, and vitamin D) and minerals, including Calcium and Iron.

Nestlé is a strong pillar of growth in the Nigerian economy. It produces a range of high quality iconic brands including Maggi, Milo, Golden Morn, Nescafé and Nestlé Pure Life.

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