The Federal Government of Nigeria has commissioned multimillion dollar brewery plant, the largest in West Africa, at Orile Imo Community in Obafemi Owode Local Government Area of Ogun State, South West Nigeria.
President Muhammadu Buhari, while inaugurating the plant, restated his Government’s commitment to securing business environment so that foreign direct investment (FDI) could flow into the country as he also noted that the impact of the N90 billion world-class plant would not only reverberate across the economy but also positively affect the life of the people and development of the host State – Ogun – the host. Buhari who was represented by the Secretary to the Government of the Federation – Mr. Boss Mustapha, also thanked Ogun State Government for creating the enabling environments for investors.
Plant creates 600 direct and over 2000 indirect jobs
WHERE To Print gathers that the plant has created 600 direct and over 2000 indirect jobs along the value chain particularly in the print labeling and packaging sectors which is a major boost to employment generation in the country. The impact of the brewery will also cut across various sectors of the economy, ranging from agriculture, manufacturing to haulage services as it will also boost activities in the Small and Medium Enterprises (SMEs) sector.
As the sixth largest listed company on the Nigerian Stock Exchange (NSE) with N275 billion market capitalisation, the impact of the brewery christened ‘Gateway Plant’, will no doubt be felt across all cadres in the Nigerian economy.
