6 November 2007 - Nestle is reportedly expanding its production at its Agbara plant, located in Ogun State, near the capital city Lagos, in south-west Nigeria.
According to local media reports the food giant has received support from the Ogun State government for its investment in its operations.
The new investment, according to press reports, is expected to further stimulate sustainable growth, increase market share and broaden the nutrition, health and wellness business platform of Nestle in Nigeria.
Market reports on Nigeria’s food processing industry explain that Nestle has been present in the country since 1961. The firm has been running the Agbara factory in Ogun State since 1981.
Nestle is a leading player in the local cocoa market. The firm also controls the lion’s share of the local coffee-based products market with ‘Nescafe’. The Nestle brand in Nigeria includes baby food, beverages (such as Milo) and confectionery.
Last month, FLEXNEWS reported that the spread of black pod disease has severely affected cocoa trees in the south-west of the country. There is now a shortage of cocoa beans in the region.