Unilever Plc has asked the in-coming administration in Lagos to ensure the business environment is more competitive towards improved ease of doing business in the state.
The Global Chief Executive Officer, Unilever, Paul Polman, who was speaking during a visit to the Lagos State governor-elect, Akinwunmi Ambode, in Lagos, said this would attract and encourage investors to the state.
Mr. Polman, who used the occasion to reaffirm Unilever’s continued commitment to Nigeria, said the company invested over 120 million Euros in the country in the last three years, apart from attracting about $80 mn Foreign Direct Investments (FDIs) to the Nigerian economy.
He promised to continue to attract more FDIs to Nigeria, underlining the company’s commitment to growing business sustainably, while delivering innovative brands for Nigerian consumers.
“As we grow our business, we also want to showcase the huge business opportunities in Nigeria by inviting foreign investors to set up businesses in the country,” Mr. Polman said.
Unilever, Mr. Polman said, has already made laudable strides in attracting new businesses to the country through the ’Partner to Win’ Africa Investment Conference held last year.
The conference was attended by supplier representatives from across the world, alongside Unilever senior executives, to discuss investment opportunities and explore strategic partnerships.
“For us (Unilever), we will keep investing in Nigeria. We will also sustain efforts that attract other investors, because we understand that these will create value for the economy,” Mr. Polman said.
Although he acknowledged the challenges businesses face in the Nigerian environment, the Unilever boss stressed the need for greater drive to redress the bottlenecks and bureaucracies that translate into lost time, which discourage investors.
Highlighting the company’s re-investment to its operating community, Mr. Polman spoke about the Unilever Sustainability Living Plan (USLP), with evidence in key priority areas, including improved health and well-being of Nigerians, reducing environmental impact and enhancing the people’s general livelihood.
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