Int’l Breweries unveils new N90bn brewery in Sagamu

International Breweries Plc, has commissioned its N90bn ($250m) state-of-the art brewery in Sagamu, Ogun State.

The brewer which is the Nigerian subsidiary of Anheuser-Busch InBev has promised to create 600 direct and over 2000 indirect jobs along the value chain.

Nigeria’s President, Muhammadu Buhari, who commissioned the plant on Tuesday restated the government’s commitment to securing the business environment so that foreign direct investment (FDI) could flow into the country.

Buhari, who was represented at the event by the Secretary to the Government, Boss Mustapha, said that the government is committed to developing the country through investment in infrastructure.

He urged more foreign firms to invest in the country and take advantage of the various opportunities inherent in the policies of government which are specifically targeted at creating a friendly business operating environment.

Commending the brewing company for its huge investment, Buhari noted that International Breweries is the sixth largest listed company on the Nigerian Stock Exchange (NSE) with N275bn market capitalization.

He said that the impact of the investment cut across various sectors of the economy, ranging from agriculture, manufacturing, to haulage services and also boost activities in the Small and Medium Enterprises (SME) sector.

Also speaking at the event, the Global CEO, AB InBev, Carlos Brito, said the inauguration of the brewery highlights the firm’s interest and commitment to the growth of the country, adding that the company has supported locals through job creation.

“We have improved the livelihood of farmers and retailers. We have infused local and foreign cultures and technologies to drive sustainable socio-economic growth. For centuries, the experience of sharing a beer has brought people and cultures together. To brew the highest quality beers, we need a sustainable environment and thriving communities. Sustainability is not just related to our business, it is our business and our people are at the heart of our business,” Brito said.

The Managing Director, International Breweries Plc, Annabelle Degroot, said the brewery would be instrumental to empowering farmers and local manufacturers as most of the raw materials required would be sourced locally. This will in turn, contribute to the overall economic development of the country.

Degroot said the plant christened ‘Gateway Plant’ was a major step of the company’s strategic goal to become a leading beverage manufacturer in the country.

One Response to Int’l Breweries unveils new N90bn brewery in Sagamu

  1. good day ma, I really appreciate the fact that needed material would be sourced locally, can you please tell me some of the raw material in order to invest on its mass production. thanks

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