NBC Investment In Nigeria Hits €1bn
The Nigerian Bottling Company, NBC, has said that its investment in Nigeria in the last ten years has exceeded the €1 billion mark.
The managing director, NBC Limited, Matthieu Seguin, stated that these investments are in the areas of huge production capacity, warehouses, and aliied eco-friendly businesses that have provided job opportunities for thousands of Nigerians across the country.
Seguin while speaking at the Memorandum of Understanding (MoU) signing ceremony with the implementing partners of its recent €1 million donation announcement, said the donation reflects the company’s commitment to enriching communities and will be targeted toward empowering youth and women, the provision of water and sanitary facilities, as well as scaling its PET recycling initiatives in Nigeria.
“This donation underscores our commitment to improving the lives of our communities, and it will be directed towards areas we believe we can have the most impact – empowering youth and women, and the provision of water and recycling facilities.
“I would like to particularly thank our partners in these initiatives, who have been selected based on their strong track record and will work with us to ensure that this investment is directed where it’s needed most, “Matthieu added.
Key partners for the programmes covered under the €1 million donation 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 deliver state-of-the-art toilet facilities across identified communities in 5 states in Nigeria, reaching about 5 million people annually. The initiative will also support the Federal Government’s efforts to end open defecation by 2025.
Similarly, WAVE Academy will undertake the upskilling of youths in Abuja, Lagos, Oyo, Osun, Edo, Rivers, and Kaduna in Digital and Hospitality skills and connect them to job opportunities.
Karis and Eleos Hand of Hope Foundation will focus on empowering vulnerable women across 8 states with relevant skills to support the economic inclusion of women.
The MoU provides a formal framework for the programmes based on shared values and further demonstrates NBC’s commitment to contributing to the uplifting of communities and socio-economic development in Nigeria.
In her remarks, Lagos state commissioner for Women Affairs and Poverty Alleviation, Cecilia Bolaji Dada, who was represented by the chief executive officer, ministry of Women Affairs and Poverty Alleviation, Funmi Raji, said: “The Ministry commends the Nigerian Bottling Company on their laudable impact in alleviating poverty amongst the citizenry and the state in general, by empowering vulnerable women and young girls in the society through their various programmes.
“I encourage women everywhere to continue to avail themselves of various opportunities to become empowered, self-reliant, and independent financially.”