Ovaltine opens £24m Lagos manufacturing facility

British beverage maker Twinings Ovaltine has opened a £24m manufacturing facility in Lagos, marking its first manufacturing web site in Africa and increasing commerce ties between the UK and Nigeria. The ability, which is predicted to create greater than 100 direct jobs, will improve the corporate’s manufacturing capability and enhance exports throughout West Africa.

The announcement was made on Tuesday in a press release printed on the UK authorities web site, coinciding with the arrival of Nigeria’s President, Bola Tinubu, within the UK for an official state go to. President Tinubu is accompanied by the First Girl, Oluremi Tinubu.

“Twinings Ovaltine is launching a £24m manufacturing facility in Lagos, its first in Africa, creating over 100 direct jobs and boosting the corporate’s exports throughout West Africa,” the assertion learn.

The transfer comes amid a wave of UK–Nigeria enterprise exercise beneath the UK–Nigeria Enhanced Commerce and Funding Partnership, which goals to draw funding into sectors together with manufacturing, monetary providers, expertise, and training.

The Enterprise and Commerce Secretary, Peter Kyle, stated, “The UK and Nigeria share a perception within the energy of enterprise, innovation, and training to rework lives, and at present’s commitments present precisely that. With Nigerian companies creating jobs throughout the UK and British companies increasing into one of many world’s fastest-growing markets, our partnership is strengthening each economies and delivering actual advantages for folks in each international locations.”

Twinings acquired Ovaltine (initially Ovomaltine) in 2002 and manages its world branding and manufacturing, together with the Lagos facility operated by Twinings Ovaltine Nigeria Restricted.

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