Nigerian govt applauds Nestlé’s N4.1bn new factory for Milo RTD

Business News

By Franklin Ocheneyi

THIS new production plant is a reflection of the continued confidence the industry has in the robustness of our economy. We are grateful to Nestlé for these significant investments, particularly for locating its factories in rural communities and sourcing its raw materials from local farmers contributing to the sustainable development of Nigeria.”

This commendation was made by Professor Yemi Osinbajo, Vice President of the Federal Republic of Nigeria, when he commissioned Nestlé Nigeria Plc’s N4.1 billion new Milo Ready-To-Drink (RTD) factories at Agbara, Ogun State.

The new plant produces Nestlé Milo Ready-To-Drink (RTD) beverage in 180ml cartons and has a yearly production capacity above 8,000 tonnes.

Launched in October 2017, Milo RTD is made from the natural goodness of milk, malt and cocoa. Milo provides essential nutrients and is fortified with Nestlé’s unique blend of vitamins, ACTIV- GO (Vitamins B3, B2, B6, B12, vitamin C, and vitamin D) and minerals including Calcium and Iron.

Also speaking, Mauricio Alarcon, Managing Director / CEO Nestlé Nigeria, said:  “The new Nestlé Milo RTD is complementing the existing range of offerings of our iconic Milo brand. It is conveniently packaged to offer the unique Milo taste and meet the nutrition needs of active children on the go. This is in line with the company’s commitments to enable healthier and happier lives.”
He said that the new production plant is a true reflection of how Nestlé creates shared value for all, by providing good jobs, sourcing 80 percent of its inputs from local farmers and investing in the development of rural communities.

“Nestlé has been present in Nigeria since 1961. With staff strength of over 2,300 direct employees, 3 manufacturing sites, 8 branch offices and a head office located in Lagos, Nestlé is a strong pillar of growth in the Nigerian economy. It produces a range of high quality iconic brands including Maggi, Milo, Golden Morn, Nescafé and Nestlé Pure Life,” he said.

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