NBC’s investment in Nigeria reaches 1 billion euros

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The Nigerian Bottling Company (NBC) said its investments in Nigeria have reached over €1 billion over the past ten years, noting that the move demonstrates its confidence in the country’s investment climate.

NBC Limited chief executive Matthieu Seguin said the investment has helped increase its production capacity, build warehouses, invest in environmentally friendly businesses that have provided job opportunities for thousands of Nigerians across the country.

The Chief Executive at the signing ceremony of the Memorandum of Understanding (MoU) with his implementing partners of his recent €1 million donation announcement, said the donation reflects the commitment of the company to enrich communities and will focus on youth and women empowerment, water supply and sanitation, as well as scaling up its PET recycling initiatives in Nigeria.
“This donation underscores our commitment to improving the lives of our communities, and it will be directed to the areas we believe can have the most impact – empowering youth and women, and providing water facilities. and recycling.
“I particularly want to thank our partners in these initiatives, who were selected based on their strong track record and who will work with us to ensure this investment is directed where it is most needed,” added Matthieu.
Key program partners covered by the €1 million grant include; Karis & Eleos Hand of Hope Foundation, West African Vocational Education (WAVE), Organized Private Sector in Water, Sanitation and Hygiene (OPS-WASH) and Chanja Datti Limited.
OPS-WASH will provide state-of-the-art sanitation facilities in identified communities in 5 states in Nigeria, reaching approximately 5 million people annually.
will also support federal government efforts to end open defecation by 2025.
Similarly, WAVE Academy will undertake the upskilling of young people from Abuja, Lagos, Oyo, Osun, Edo, Rivers and Kaduna in digital and hospitality fields and connect them with job opportunities.
Karis and Eleos Hand of Hope Foundation will focus on empowering vulnerable women in 8 states with relevant skills to support women’s economic inclusion.
The MoU provides a formal framework for programs based on shared values ​​and further demonstrates NBC’s commitment to contributing to the upliftment of communities and socio-economic development in Nigeria.
In her remarks, the Lagos State Commissioner for Women’s Affairs and Poverty Alleviation, Cecilia Bolaji Dada, who was represented by the Director General of the Ministry of Women’s Affairs and Poverty Alleviation, Funmi Raji, said, “The Ministry commends the Nigerian Bottling Company for their commendable impact in alleviating poverty among citizens and the state at large, by empowering vulnerable women and girls in society through their various programs.
“I encourage women around the world to continue to pursue various opportunities to become self-sufficient, self-sufficient, and financially independent.”
Jande Tarfa, representative of one of the partners, WAVE, said the donation would enable the organization to expand the reach and impact of its youth empowerment initiatives and reach even more beneficiaries through the country.

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