Emefiele recognises Unilever’s contribution to Nigeria economy

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has described Unilever Nigeria as a company that has shown and demonstrated confidence in the Nigerian economy.

This, it has done, through continuous investment drive in the country.

Emefiele spoke at the official opening Unilever Nigeria Blue Band factory in Agbara Industrial Estate, Ogun State.

The factory, which was built with innovative manufacturing technology, complements government’s efforts at boosting local investment and making significant contributions to the nation’s economic growth and development.

“The siting of this factory could not have come at a better time than this. With this development, you have shown resilience amidst the challenges that you face in running a business of this size. I commend you for this initiative and as a government, we will continue to make deliberate efforts to support and encourage companies to invest in Nigeria through our policies. This is the only way we can grow this economy and create employ opportunities for Nigerians,” the CBN boss said.

The Executive Vice President, Unilever Ghana Nigeria, Yaw Nsarkoh, said the factory is the latest addition to the various long-term investments the company has made in Nigeria, which would not have been possible without the support of all its stakeholders.

“Prior to the siting of this factory, we have also had cause to exploit economies of scale and ensure consistent access to reliable sources of raw material input. I am delighted that the result of our painstaking efforts and the support we enjoy from our stakeholders has led to the commissioning of an ultra-modern Blue Band factory today.” He said.

Yaw said the new Blue Band factory is equipped with the Fast Blending technology to sustainably serve its consumers. This technology uses 50 per cent less energy compared to other manufacturing processes that utilize heat exchangers. This recapitulates our commitment to decouple the growth of our business from environmental impact.

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