• Monday, February 26, 2024
businessday logo

BusinessDay

Sanwo-Olu opens Godrej factory, pledges incentives for businesses

Lagos clubs, churches, mosques face ‘outright removal’ over  illegal conversion

In demonstration of his administration’s commitment to reforms and economic incentives that will improve the ease of doing business and enhance investment opportunities, Babajide Sanwo-Olu, Lagos State Governor, has inaugurated the newly-built wet hair production factory owned by Godrej Nigeria Limited.

Godrej Nigeria Limited is an Indian consumer goods company and an emerging market 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.

According to a statement, the governor described the project 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 our citizens’ lives, ” Governor Sanwo-Olu stated.

Read also: Lagos is deploying tech to drive healthcare, food security, others —Sanwo-Olu

Kayode Oladapo, Chief Executive Officer of Godrej Group, West Africa, 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 lasting impact”, Oladapo stated.

Sudhir Sitapati, Managing Director and global Chief Executive Officer, Godrej Group, added that the launch of the new factory signifies growth for the company which marks a significant milestone in the company’s trajectory in the West African region.

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

BusinessDay reports that Godrej Group is a big player in the Hair Fashion, Hair Care, Home Insecticide, and Personal Care categories, particularly for women of African desc