VENTURES AFRICA – Global consumer goods company, Procter and Gamble Nigeria (PG) has expanded its production line with the completion of a $300 million manufacturing plant in Agbara industrial estate, Ogun State, western Nigeria.
When commissioned, the new production plant, which was completed in 18 months, would be the largest single investment in Nigeria by a US company.
PG’s Sub-Sahara Government Relations Associate Director, Temitope Iluyemi commended the Ogun State government during a tour at the company’s facility in Agbara, noting that the administration’s drive for industrialisation heralded by a “friendly atmosphere for investment to thrive” has helped the company’s growth.
Iluyemi therefore pledged that PG would continue to partner both the Federal and State governments as it continues performing its corporate social responsibility, adding that the inauguration of the plant, which would be done on Thursday, would also contribute significantly to the nation’s GDP.
Ogun State commissioner for commerce and industry, who was at the tour of the new facility on behalf of the government, Bimbo Ashiru pledged that the state would continue to make the business atmosphere friendly. Developments like this, according to Ashiru would encourage the government to do more in providing necessary infrastructure to attract new investments and make existing ones thrive.
Ashiru also advised the management of PG to ensure a cordial relationship is developed with the host community through life-enhancing corporate social activities, especially provision of jobs for qualified indigenes.
The new plant, when fully operational, is expected to provide about 2,000 direct jobs for Nigerians and several thousands of indirect jobs.