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Unilever to invest 100milion Euro in Nigeria

Category: Investors NewsBeat

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Unilever to invest 100milion Euro in Nigeria

Jul 14, 2010 By Laja Thomas

Unilever will be investing over one hundred million Euro in Unilever Nigeria within the next 3 years, Paul Polman, Unilever Global CEO, said during his visit to Nigeria 7th and 8th July.The Unilever boss who believes that there are opportunities in Nigeria,said the company would double its business in the country and make Nigeria the biggest and best Unilever business in Africa by setting standards on how business is done.

He promised  that the company would  continue to improve the lives of the people and grow its business applying the best standards, adding, “ Everyday Unilever will be a little bit better than its competitors in quality, cost, environmental impact and other parameters.”

Paul Polman,  who was accompanied on his visit by Harish Manwani (President Unilever AAC) and Frank Braeken (SVP Unilever NAMCA) and others, said further that “about 50% of Unilever’s global business growth is in the emerging markets of which Nigeria represents a key player in the African continent. Unilever Nigeria, which grows in double digit a head of competition has been rolling out innovations that meet consumers’ needs and improve their lives.”

Paul Polman also declared that: “Unilever believes in doing the right thing for the long time to be sustainably successfully” as a business and that this applies to all the company’s businesses all over the world.

As such Unilever has increased investments generally in Nigeria and especially in the areas of research and development, human capital development, advert and promotions, capacity improvement among others.


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