- President Muhammadu Buhari, at the inauguration of the International Breweries Plc, on Tuesday, August 28, promised foreign investors of security in the country
- The president said that he will not relent in his effort to revive and diversify the nation's economy in order to aid the growth of foreign investments
- He further said that his administration is bent on fighting corruption and the menace of rampant insecurity
President Muhammadu Buhari has assured foreign investors willing to do business in Nigeria that his administration will continue to ensure security to aid the success of their investments.
He made this statement on Tuesday, August 28, at the inauguration of the International Breweries Plc, which happens to be the largest plant in West Africa, in Ogun state, with its financial value placed at $250m, Punch reports.
The president, represented at the event by the secretary to the federal government, Boss Mustapha, said: “We will continue to provide physical infrastructure for existing investment to thrive and make every part of the country attractive to real investors.
"This administration’s change mantra remains the pledge we made to all Nigerians in the areas of securing the nation, fighting corruption and diversifying the economy.
“Today, the International Breweries is the largest of six listed companies on the Nigerian Stock Exchange with a market capitalisation of two hundred and ninety five billion on this plant alone.
"This is a perfect example for other states in Nigeria. The International Breweries was birthed from a little dream in 1971.”
The president remarked that the establishment of the plant proved the investors' belief in the nation's vibrant economy.
He commended the management of IBL Plc, adding that the investment would reverberate through the economy, and as such give a boost to the nation’s agricultural sector with existing partnership and local farmers being capable of producing 30 tonnes of sorghum.
Also, the governor of Ogun state, Senator Ibikunle Amosun, speaking at the event, assured the company of the state’s continued support and urged investors to take advantage of the strategic location of the state to drive industrialisation.
Amosun said: “The establishment of this factory is not a misplaced priority. Our industrial master plan has witnessed transformational changes that will also go a long way to significantly benefit this factory. We are not relenting on our efforts to make Ogun State a haven for both local and foreign investments.”
Annabelle Degroot, the managing director of IBL Plc, said the brewery would allow Nigeria to offer its customers and distributors more choices and sufficient supply.
Degroot said: “This plant is the biggest and most modern brewery in Nigeria. The brewery will be our fourth brewery in Nigeria and will partner with our existing three breweries in Onitsha, Ilesa and Port Harcourt. All four breweries will continue to be equally important to the future growth of our company."
Meanwhile, Legit.ng reported that President Muhammadu Buhari on Tuesday, August 28, received the Ooni of Ife, Oba Adeyeye Ogunwusi Ojaja II, and HEH Sherif Ahmad Bin Zuhir Al-Natour, and investor in Green Projects and chairman of GDTC investment at the State House, Abuja.
The news of the monarch's visit to the president at the Federal Capital Territory, Abuja, was announced by the special adviser to the president on media and publicity, Femi Adesina, on his Facebook page.
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