As part of its commitment to continually invest in Nigeria, Unilever West Africaâ€™s Vice President, Supply Chain, Siddharth Ramaswamy has reiterated the companyâ€™s commitment to the growth of the Nigerian economy through plans to increase its investment portfolio in the country thereby enhance local manufacturing.
Siddharth said this during the courtesy visit and factory tour of the Minister for Science and Technology, Dr. Ogbonnaya Onu to the manufacturing giant.
According to Ramaswamy, the company which has been operating in Nigeria for almost 100 years, would continue to invest in the country, albeit the prevailing economic challenges. â€œNigeria is strategic to our business operations. This is why we remain committed to the countryâ€™s socio-economic development. We currently operate two manufacturing hubs in Nigeria, and we are already taking actions to increase our local manufacturing capacity.
There are ongoing investments which will not only provide additional employment opportunities for Nigerians, but will deliver further economic value through the development of a sustainable supply chain structure consisting of local manufacturersâ€, he said.
In his response, the Minister, Dr. Ogbonnaya Onu, commended Unilever for its long serving history in Nigeria, and reaffirmed the governmentâ€™s commitment to support Unilever in its operation.
According to him, the government is working hard to move the nationâ€™s economy from a resource based to a knowledge based economy and the government is looking up to partner organisations such as Unilever to achieve this, through synergy with several research institutions under the ministry of Science and Technology.
He said visits such as this is to create an avenue to see how the government can assist organisations such as Unilever to overcome challenges by providing enabling environment to grow its business either through incentives or enabling legal framework. â€˜We want companies to use more of local raw materials in production processes. Because when this happens, new jobs will be created, and our GDP will grow- thereby, reducing poverty. This can only happen if we work with you and other responsible companiesâ€, he said.
Onu encouraged Unilever to show more interest in local research in order to improve its production process. He charged Unilever to work more closely with FIIRO and other research centers under the Ministry of Science and Technology.