Business
Nigerian Breweries Plc invests N243bn in Nigerian economy
The Nigerian Breweries (NB) Plc says it has invested N243 billion in the Nigerian economy. This is according to the NB’s newsletter. NB said that the N243 billion amounted to 0.65 per cent of the nation’s Gross Domestic Product (GDP).
It said that NB had contributed positively to the economic and social development of the country by investing in expansion of breweries in Lagos, Aba, Enugu, Kaduna and Ota.
It said that over N175 billion had been invested by NB in developing world-class brewery facilities in the past five years in Nigeria.
It said that as at 2013, NB represented 12 per cent of Nigerian manufacturing output, equivalent to 0.23 percent of the GDP. It said the NB was currently sustaining over 500,000 jobs across the country. It also listed these areas to include: health, education, sports, water and community development, among other areas, it had provided employment.
It said that NB had, as well empowered many Nigerians in other areas such as Creative Writers’ Workshop, National Arts Competition, Maltina Dance All and Golden Pen Award.
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