Ogun gets n70 billion multinational investment

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Ogun State has attracted investment worth N70 billion in the last five years while another N6 billion has again been recorded this year through viable economic policies of Government aimed at promoting its investment performance index.

 

Governor Ibikunle Amosun while playing host to the Management team of a Multinational Company, Nestle Nigeria Plc led by its Managing Director/ Chief Executive Officer, Mr. Dharnesh Gordhon who was on a courtesy visit to his Oke-mosan office in Abeokuta.

He  commended the company's investment drive in spite of economic challenges  confronting the nation, saying that the present administration would not relent in its drive to provide conducive environment for industrial development across the State.

Amosun further assured the company of Government's support as it plans to further invest N9billion in the State in 2017, saying that Government would continue to collaborate with more investors not only for mutual benefits but to further increase investment in the State.

He enjoined industries in the State to always maintain clean and safe environment and endeavour to source their materials from local farmers, explaining that it would go a long way in promoting grassroots farming and socio-economic development of the people.

In his remarks, the Managing Director and Chief Executive Officer of Nestle Nigeria PLC, Mr. Dharnesh Gordhon said the visit was to commend Government’s investor-friendly policy which has attracted huge investment opportunities in the State.

He noted that the State industrial policy has inspired the company to propose an investment of N9billion next year to boost the industrial profile of the company in the State, notwithstanding the socio- economic challenges confronting the nation.                                         

Mr Gordhon said 2,000 indigenes of the State were directly employed in the company’s operation and distribution lines while another 2,000 employees though not indigenes of the State were also employed in the company production line, assuring the Governor of the company’s determination to continue to abide by the State industrial policy.

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2017-03-25 01:52