NB’s Corporate Affairs Director, Mrs. Sade Morgan, said this
at a media parley in commemoration of the company’s 75th anniversary on
Morgan said the company had invested N78 billion in
cultivating locally sourced materials as well as sorghum and cassava value
chain through commercial purchase and smallholder farming in the last five
years.
She noted that the company had prioritised import
substitution and accretion for foreign reserve with the N78 billion in
investing and cultivating locally sourced materials.
Morgan added that the company invested N20 billion in
sorghum value in 2021 through commercial purchase and smallholder farming.
She said the company had attained about 56 per cent in local
sourcing of raw materials and 100 per cent backward integration in packaging.
“We have done about 56 per cent in local material sourcing
but our packaging material is at 100 per cent; the challenge with the raw
material is the availability of ingredients that go into making most of our
products.
“So, that is an area where we will continue to pioneer as we
did with sorghum with backward integration and investing to realise in Nigeria
the products needed essentially for our products.
“But for now we want to be able to satisfy our consumers and
give them the same quality of beer that they can get anywhere in the world,”
Morgan she said.
According to her, the company has injected 114 million dollars
in capital investments and expansion projects in Ama Brewery to build a
resilient economy.
Also speaking, the newly appointed Managing Director, NB, Mr
Hans Essaadi, revealed that the company intended to invest significantly in
capacity extension to meet its objectives and rising 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 parts 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.
Also speaking, the Chairman, Mr Kolawole Jamodu, said it was
not an easy journey to be in existence for 75 years.
Jamodu attributed the company’s secrets to hard working
staff with strong loyathy to NB.
The chairman added that investors, customers, shareholders
as well as their international partners had supported the growth of the company
in the past 75 years.
He said stakeholders should look out for more enticing
surprises from the company in the years ahead.
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