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International investor restates commitment to Nigeria’s economic development

International investor restates commitment to Nigeria’s economic development

- International investors continue to flood the Nigerian market after Nigeria got out of recession recently

- One of such investors is the world's largest brewer, Anheuser-Busch InBev, (AB InBev)

- According to the company, Nigeria’s potential for growth and development is enormous

The world's largest brewer, Anheuser-Busch InBev, (AB InBev), has reiterated its commitment to the Nigeria project and pledged to actively support the attainment of the country’s developmental aspirations.

The company said after taking into account the country’s huge market, a young population, the resilience and entrepreneurial drive of the people as well as the abundant human and natural resources, it has no doubt about the country’s huge economic potential.

“Nigeria’s potential for growth and development is enormous,” said marketing director, AB InBev Nigeria, Arne Rust, while speaking in Onitsha, Anambra state during an unveiling of one of its products.

The Obi of Onitsha, His Majesty, Igwe Nnaemeka Alfred Achebe, represented by Engineer Okey Ononye, Onowu Iyase of Onitsha, commended AB InBev for its investments in Nigeria, especially the introduction of Hero lager, which drew its philosophy from the enterprising spirit of the Ibos who are the dominant ethnic group in the Southeast.

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The adoption of a red crown for Hero, he added, demonstrates respect for the cultural heritage of the ethnic group.

Rust said AB InBev would continue to grow its investment in Nigeria, enabling the country to capitalize on the enormous opportunities for economic transformation.

A demonstration of the company’s investment drive could be seen in the $250 million brewery in Sagamu, Ogun State, its largest brewery in Africa, outside of South Africa, that comes on stream later this year.

He stated that via the new plant, more products would be introduced in the country, providing Nigerians with more options to choose from while creating employment and livelihood for many and revenue for the government.

He said as Nigeria continues to address such challenges as power supply, infrastructure deficit, insecurity and policy reforms and continuity, among others, the ease of doing business will record incremental improvements, which would drive investor confidence and attract capital inflow into the country.

In attendance at the event were businessmen, government officials, community leaders, traders and artisans. The guests were entertained by performances from cultural groups and bands from around the southeast.

Legit.ng gathered that Anheuser-Busch InBev, AB InBev, is the world's largest brewer with over 400 beer brands.

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Meanwhile, the Nigerian Senate made history on Tuesday, May 15, with the passage of the repeal and re-enactment of the Companies and Allied Matters Act (CAMA).

CAMA is the biggest business reform bill in Nigeria in over 28 years. This is another plus for the

Legit.ng lists 7 benefits of the bill to the Nigerian economy here

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Source: Legit.ng

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