Nigerian Breweries PLC has concluded plans to spend N500 million over the next 10 years for the reforestation of 500 hectares of the Olokemeji Forest reserve in Abeokuta, Ogun State.
Accordingly, the company , yesterday, signed an agreement with the Ogun State Ministry of Forestry , and the International Institute for Tropical Agriculture (IITA) Ibadan – the implementation partner for the project, along with experts in the Ogun State Forestry Ministry.
Mrs Sade Morgan, Corporate Affairs Director, Nigerian Breweries Plc, disclosed that the project will contribute 600,000 indigenous trees to the forest reserve once completed.
Mrs. Sade Morgan thanked the state government for its partnership and vision towards the preservation of the environment, which aligns with the company’s sustainability agenda, tagged Brewing a Better World (BaBW).
“Brewing a Better World (BaBW) is our long-term approach to creating shared sustainable value for all stakeholders, the society and the planet, not only by operating in a socially responsible and ethical manner but by playing an active role in building a sustainable future for our nation.
“Our commitment to the reforestation of the Olokemeji Forest Reserve, which is aimed at improving the quality of life for the community and people of Ogun State, is one of such activities.
On completion, it will ensure retention of rainfall runoffs within the watershed and recharge the aquifers, preventing soil erosion and ultimately reducing CO2 emissions” she said.
Speaking at the event, the Ogun State Commissioner for Forestry, Engineer Tunji Akinosi expressed immense satisfaction and gratitude to the management of Nigerian Breweries Plc for contributing its quota to making the environment sustainable.
“We are highly delighted about this move by Nigerian Breweries Plc which we believe would go a long way to improving the recharge of the Ewekoro and Abeokuta aquifer and enhancing the health of the watershed. By this action, NB Plc has clearly demonstrated that they are not only interested in returns, but also ensuring that they leave the environment safer”, Akinosi said.