Heineken commit to increased investments in Nigeria

July 26, 20180

Dutch investment planned for Nigeria: A number of Netherlands food and beverage companies have indicated their support for investing in Nigeria, Beverage Industry News (NG) has reported. At a meeting with President Buhari, FrieslandCampina said it would invest about €11 million in a ‘ready-to-drink’ project, using 100% locally sourced milk, while Heineken welcomed Nigeria’s “stability in exchange rate for the past six to eight months.”

The leadership of Dutch firms in Nigeria have pledged to increase their investments in the country.

The commitments were made when Nigeria’s President Muhammadu Buhari, met with some of the CEOs of the Dutch firms during his official visit to The Hague, Netherlands.

According to a statement released by the Special Adviser to the President on Media and Publicity, Femi Adesina, Mr Hein Schumacher of FrieslandCampina described Nigeria as “a most important country to us,” adding that the conglomerate would invest about €11 million euros in a “ready-to-drink project, using 100% locally sourced milk.”

Source: Beverage Industry News (NG) – July 17 2018