Unilever Nigeria, a prominent trading and manufacturing firm in the consumer goods sector, has affirmed its commitment to remain in Nigeria despite prevailing economic challenges.
Mike Ikpoki, the acting board chairman of Unilever Nigeria, gave this assurance during a courtesy visit to Wale Edun, the Minister of Finance and Coordinating Minister of the Economy.
Ikpoki emphasized that Unilever Nigeria, which celebrated its centenary last year, has developed a resilient business model.
He said the model includes agile pricing, local sourcing, and production, serving a revised brand portfolio tailored for Nigerian consumers through a well-established local distribution network.
In response, Wale Edun, the Minister of Finance, commended Unilever as a significant source of employment and for its role in nurturing local talents that have become global talents over the years.
He congratulated the company on reaching the 100-year milestone in Nigeria and expressed satisfaction that the business has remained profitable.
”Despite the economic headwinds facing the country, Unilever Nigeria’s commitment to staying reflects its confidence in its business model and its focus on meeting the needs of the Nigerian market.
”The company’s decision aligns with the broader efforts to foster economic growth and resilience in Nigeria,” Edun stated.
