AB InBev To Increase Investment In Nigerian Brewery So $400 Million

Anheuser-Busch InBev says it expects the total investment in its new brewery at Sagamu in Nigeria to be up to $400m. The Chief Executive of the company, Carlos Brito, made this known at a media briefing in Johannesburg.

According to Reuters, Brito said the $250m brewery, which had already started operation, would be expanded in phases. The CEO, however, did not give a timeline for the next phase. “Nigeria (is) becoming a more and more important market as we grow in that market,” he was quoted as saying.

“I mean we’re growing double digits; we didn’t grow in the past as fast because we were lacking capacity and now that we have capacity, strong brands and (a) great group of people, we’re challenging the status quo there.”

The brewery, which was unveiled last year, is the company’s fourth in Nigeria after those located in Ilesa, Onitsha, and Port Harcourt. At the inauguration of the facility, the Managing Director of the company, Annabelle Degroot, said the brewery would create 600 direct jobs and well over 2,000 indirect jobs along its value chain.

Photo Caption: Samples of Beer in glass cup