British beverage maker Twinings Ovaltine has opened
a £24m manufacturing facility in Lagos, marking its first production site in
Africa and expanding trade ties between the United Kingdom and Nigeria. The
facility, which is expected to create more than 100 direct jobs, will increase
the company’s production capacity and boost exports across West Africa.
The announcement was made on Tuesday in a statement
published on the UK government website, coinciding with the arrival of
Nigeria’s President, Bola Tinubu, in the UK for an official state visit.
“Twinings Ovaltine is launching a £24m
manufacturing facility in Lagos, its first in Africa, creating over 100 direct
jobs and boosting the company’s exports across West Africa,” the statement
read.
The move comes amid a wave of UK–Nigeria business
activity under the UK–Nigeria Enhanced Trade and Investment Partnership, which
aims to attract investment into sectors including manufacturing, financial
services, technology, and education.
The Business and Trade Secretary, Peter Kyle, said,
“The UK and Nigeria share a belief in the power of enterprise, innovation, and
education to transform lives, and today’s commitments show exactly that. With
Nigerian firms creating jobs across the UK and British businesses expanding
into one of the world’s fastest-growing markets, our partnership is
strengthening both economies and delivering real benefits for people in both
countries.”
Twinings acquired Ovaltine (originally Ovomaltine)
in 2002 and manages its global branding and production, including the Lagos
facility operated by Twinings Ovaltine Nigeria Limited.
0 Comments:
Post a Comment