Sanwo-Olu Assures Businesses More Incentives, Commissions New Godrej Factory

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By Modupe Gbadeyanka

Business owners in Lagos have been assured of more incentives by the state governor, Mr Babajide Sanwo-Olu, who added that this is part of his administration’s commitment to reforms aimed at improving the ease of doing business and enhancing investment opportunities.

Speaking at the commissioning of the newly-built wet hair production factory of Godrej Nigeria Limited, the Governor said his government would continue to pursue actions that would eliminate red tapes and regulatory impediments hindering the growth of businesses in the state, thereby demonstrating his willingness for continued collaboration with the private sector to improve the livelihood of the residents.

He described the new plant as an ‘audacious step’ taken by the company to further deepen its investment and market share in the Lagos consumer market sector, noting that the new production line would raise the company’s capacity to meet local demand for its products.

“This is a strategic investment decision being made by Godrej Nigeria Limited to transform its business and deepen its investment in consumer goods.

“This is a testament to our willingness to collaborate with the private sector and bring about sustainable economic benefits to better the lives of our citizens,” Mr Sanwo-Olu stated.

The chief executive of Godrej Group for West Africa, Mr Kayode Oladapo, in his remarks, stated that in addition to the company’s market expansion drive, it is poised significantly to impact people and communities in ways that transform lives forever, thereby consolidating its footprint as a key human capital developer in regions where it operates.

“This is a significant milestone in our company’s journey here in Nigeria, and we are not just keen on growing or expanding our footprint in businesses but impacting lives and people in ways that will make a lasting impact,” he disclosed.

On his part, the chief executive of Godrej Group, Mr Sudhir Sitapati, stated that the launch of the new factory signifies growth for the company which marks a significant milestone for its trajectory in the West African region.

Mr Sitapati commended the Governor for formulating business-friendly policies that enable ease of doing business and growth, which ultimately impacts the residents and citizenry.

Godrej Nigeria Limited is an Indian consumer goods company and an emerging markets FMCG leader with a growing presence in Africa, Asia, and Latin America.

The newly built and commissioned factory is part of its drive to deepen its presence and consolidate its consumer base in the country.

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