Governor Sanwoolu Pledges More Incentives For Businesses, Commissions New Godrej Nigeria Factory In Lagos
Godrej Nigeria Limited, a manufacturer of a broad range of products such as Darling hair, Tura soup, TCB, Mega Growth, and Good Knight insecticide, has launched a new production plant in Lagos, Nigeria.
The launch ceremony was held on recently at the Factory in Ikeja, Lagos, Lagos, had key stakeholders including the Governor of Lagos State, Babajide Sanwo-Olu in attendance.
Speaking on the launch, Kayode Oladapo, Business Head of Godrej West African operations, which includes Nigeria, Ghana and other markets in the sub-region said, the company, with its 8,900 employee strength, had imprinted its footprint in the country’s consumer market, disclosing that Godrej had doubled its production capacity in the last 10 years to sustain supply.
“As a company that has been in business for over 130 years, we believe in sustainable investment and growth. We stand on three pillars – people, planet, and sustainable growth. Today, we take pride in saying we have overtaken many multinationals who have been in the market in the last 70 years. With the new production line, we are looking forward to overtake other competitors.”
The firm’s Global Chief Executive Officer, Mr. Sudhir Sitapati, also noted that the Nigerian subsidiary of the company remained bigger in production output than many multinational brands in the consumer goods sector.
“I believe our new production line will not only meet the Nigerian demand, also demands from countries within the West Africa region,” he said.
Also speaking at the commissioning, Gov. Babajide Sanwo-Olu said “My administration will continue to create an enabling environment for businesses to thrive as well as strengthen relationships with the private sector.
In his remarks, the Gov. said “This is a strategic investment decision being made by Godrej Nigeria Limited to transform its business and deepen its investment in consumer goods. This is a testament to our willingness to collaborate with the private sector and bring about sustainable economic benefits to better the lives of our citizens.
“The essential role of the Government is to create an enabling environment for businesses to thrive and provide sustainable employment opportunities the people. We are committed to ensuring that Lagos market treats investors fairly by offering incentives and policies that will bring good returns on investment; whatever red tape and impediments that can hinder the growth of companies like this will be eliminated.”
Godrej Group is a big player in the Hair Fashion, Hair Care, Home Insecticide and Personal Care categories, particularly for women of African descent, offering a range of products tailored to their needs. The Company continues to expand its presence on the continent and other emerging markets, with manufacturing facilities in several African countries, including South Africa, Mozambique, Kenya, and Nigeria.
The Company has also made several acquisitions, reflecting its commitment to provide consumers with a wide range of quality products and improve its market leadership.