Nigeria pledges N2.5 billion infrastructure as US diaper maker opens $100 million plant

american corporation Kimberly-ClarkDiaper maker Huggies has opened a new $100 million plant in Ikorodu, Lagos, in a new move by the firm to grab market share from other leading brands. In support, the Nigerian Government and the Lagos State Government pledged a combined 2.5 billion naira to develop the adjoining infrastructure leading to the factory site at Ikorodu. The commitment was made by the Minister of State, Budget and National Planning, Clem Agba, and Governor Babjide Sanwo-Olu of Lagos. Based in Texas with a global presence manufacturing medical and hygiene products, Kimberly-Clark began operations in Nigeria in 2012, introducing Huggies diapers to the Nigerian market in 2015 and Kotex sanitary napkins in 2019. It faced stiff competition from mimes made by US-based Proter & Gamble and Molfix, owned by Turkish firm Hayat Kimya. The new Kimberly-Clark facility has the capacity to create more than 1,000 direct and 5,000 indirect jobs with the potential to scale over the next three to five years of operation, the US embassy said in a statement Monday. It will produce diapers under the Huggies brand, with the primary objective of producing quality products made in Nigeria for mothers and babies throughout the country. US Consul General to Nigeria Claire Pierangelo said the country was proud to be one of the largest foreign investors in Nigeria as major US brands expand their investment portfolio, provide job opportunities and support goals. of economic diversification. During the commissioning of the facility, Mr. Pierangelo noted that Nigeria is a critical market for American companies and that improving the investment climate would lead to more milestones for both countries. “The US Mission to Nigeria continues to work with our counterparts in the Nigerian government to promote an environment that is welcoming to American business. Through this model of cooperation, we will achieve mutually beneficial results: increasing investment, job creation capabilities and partnerships while improving the lives of workers and consumers,” he said. Vice President Yemi Osinbajo cuts the ribbon to unveil the plaque at the official opening of Kimberly-Clark’s $100 million investment in Nigeria with US Consul General Claire Pierangelo, Lagos State Governor Babajide Sanwo-Olu, Kimberly-Clark staff members and other dignitaries. Mr. Pierangelo explained that the commissioning of the new facility shows the commitment of the United States to deepen its trade and investment ties with Nigeria. He praised Kimberly-Clark for its investment in Nigeria and the company’s contribution to improving the hygiene and health of the Nigerian population. The commissioning was in charge of Vice President Yemi Osinbajo. Osinbajo said that each new manufacturing plant is an important step toward the government’s belief that private investment, both local and foreign, is the path to rapid economic growth. “Kimberly-Clark West Africa has grown from simply an investor in Nigeria to a formidable partner in realizing Nigeria’s economic goals, adding value through diversification,” he said. “The company has commendably led important social investments, including sponsoring the education of the dreamcatchers who danced here just moments ago. This factory, I am confident, will only mark the beginning of further investment in this and other sectors.” The Nigerian Investment Promotion Commission (NIPC) said it was proud to welcome Kimberly Clark and be associated with her success story. He said that when Kimberly Clark set out to build the plant, they did not foresee that a global pandemic would reach the project; however, in a show of resilience, they continued the 18-month task of establishing even through the peak of the COVID pandemic. Speaking on the sidelines of the launch, NIPC Interim Executive Secretary/CEO Emeka Offor pledged to provide aftercare services to Kimberly Clark to support her operations. Other government officials at the event included Richard Adebayo, Minister of Industry, Trade and Investments; Pauline Tallen, Minister for Women’s Affairs; Mr. Agba, Minister of State, Finance, Budget and National Planning; and Babajide Sanwo-Olu, Governor of Lagos. Read More Related News Here Let here it in the comment below if you do have an opinion on this; Nigeria pledges N2.5 billion infrastructure as US diaper maker opens $100 million plant