{"id":21274,"date":"2018-02-09T13:18:16","date_gmt":"2018-02-09T12:18:16","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=21274"},"modified":"2018-02-09T13:18:16","modified_gmt":"2018-02-09T12:18:16","slug":"osinbajo-inaugurates-n4-1bn-nestle-factory-ogun","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/osinbajo-inaugurates-n4-1bn-nestle-factory-ogun\/","title":{"rendered":"Osinbajo Inaugurates N4.1bn Nestl\u00e9 Factory In Ogun"},"content":{"rendered":"<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">The Vice-President, Yemi Osinbajo, on Thursday urged multinational companies to domicile their factories in Nigeria as he inaugurated Nestl\u00e9 Nigeria Plc\u2019s N4.1 billion Milo-Ready-to-Drink (RTD) factory at Agbara in Ogun.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">Osinbajo said that they should take a cue from Nestl\u00e9 Plc\u2019s expansion drive to domicile their factories in Nigeria as the country remained the preferred destination for investment in Africa.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">\u201cWe are grateful to Nestl\u00e9 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,\u2019\u2019 he said.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">Osinbajo said that the Federal Government was committed to creating an enabling environment for businesses to thrive and actualising the objectives of its Economic and Recovery Growth Plan (ERGP) of the government.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">The vice-president said that government would facilitate private sector growth and sustainable development through increased investment in infrastructure.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">He noted that the plant which was equipped with the latest state-of-the-art technology, adopted high safety and environmental standards.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">\u201cThis new plant is a reflection of the continued confidence the industry has in the robustness of our economy,\u2019\u2019 said Osinbajo.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">The Managing Director of Nestle Nigeria, Mr Mauricio Alarcon, said the new plant was a reflection of how Nestl\u00e9 creates Shared Value for all, by providing jobs and sourcing 80 per cent of inputs from local farmers and investing in rural communities\u2019 development.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">\u201cThe new Nestl\u00e9 Milo RTD is complementing the existing range of offerings of our iconic Milo brand.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">\u201cIt 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\u2019s commitments to enable healthier and happier lives,\u2019\u2019 he said.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">Alarcon said that the company would continue to invest in people, innovation and enhancing quality of life and health for sustainable future.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">He noted that Nestl\u00e9 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.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">Alarcon said that Nestl\u00e9 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.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">The Governor of Ogun, Ibikunle Amosun, said the factory\u2019s inauguration was a testament to Nestl\u00e9\u2019s belief in the economy and prevailing tranquility of the state.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">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.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">The News Agency of Nigeria (NAN) reports that the new plant is part of the company\u2019s existing factory at Agbara which has successfully been operational for 37 years.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">The new plant produces Nestl\u00e9 Milo Ready-To-Drink (RTD) beverage in 180ml cartons and has a yearly production capacity above 8,000 tonnes.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">Nestl\u00e9 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.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">Launched in October 2017, Milo RTD is made from the natural goodness of milk, malt and cocoa.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">Milo provides essential nutrients and is fortified with Nestl\u00e9\u2019s unique blend of vitamins, ACTIV- GO (Vitamins B3, B2, B6, B12, vitamin C, and vitamin D) and minerals, including Calcium and Iron.<\/p>\n<p class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">Nestl\u00e9 is a strong pillar of growth in the Nigerian economy. It produces a range of high quality iconic brands including Maggi, Milo, Golden Morn, Nescaf\u00e9 and Nestl\u00e9 Pure Life.<\/p>\n<div class=\"m_-2036182378945547769ydpfef7d726MsoNormal\">*Photo Caption: L-R: Managing Director &amp; CEO,Nestl\u00e9 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 Nestl\u00e9 Milo Ready-To-Drink Factory inauguration in Agbara, Ogun, on Thursday Feb. 8, 2018.<\/div>\n<\/p><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Vice-President, Yemi Osinbajo, on Thursday urged multinational companies to domicile their factories in Nigeria as he inaugurated Nestl\u00e9 Nigeria Plc\u2019s N4.1 billion Milo-Ready-to-Drink (RTD) factory at Agbara in Ogun. Osinbajo said that they should take a cue from Nestl\u00e9 Plc\u2019s expansion drive to domicile their factories in Nigeria as the country remained the preferred &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":18181,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[3616],"coauthors":[2391],"class_list":["post-21274","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-inaugurates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Osinbajo Inaugurates N4.1bn Nestl\u00e9 Factory In Ogun - 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