Leading global consumer goods company, Procter & Gamble Nigeria, will today commission its new multi-million dollar consumer goods plant in Agbara Industrial Estate, Ogun State. The event is expected to be chaired by his Excellency, President Goodluck Ebele Jonathan and witnessed by many top dignitaries, the diplomatic community and partners.
P&Gâ€™s new investment marks the biggest US investment in Nigeria to date in industry.
The plant commissioning is coming on the heels of a successful ground breaking which held just 18 months ago, with a commitment to complete the plant by 2014. The new factory is built on over 40.2 hectares of land and is a Greenfield investment after the first plant in Ibadan, Oyo State.
The Managing Director for P&G Nigeria, Mr. George Nassar, said the new factory would be fully dedicated to the production of Pampers in this initial phase, with the capacity to expand production to accommodate other trusted P&G brands in the future.
He added that the new factory is expected to create thousands of new direct and indirect jobs and hundreds of SMEs in the country. This investment supports Nigeriaâ€™s transformation objectives notably in the areas of job creation, inclusive growth and human capital development.
P&G is the worldâ€™s largest consumer goods manufacturer and the largest U.S. manufacturing company in Nigeria. This new plant makes Procter & Gamble the largest U.S. non-oil investment in Nigeria and supporting the much desired diversification of the economy.
P&G started in Nigeria in 1992 with the acquisition of the Richardson Vicks manufacturing plant in Ibadan. Local production of Vicks and Always began in 1993 and Pampers in 1994.