Nigerian Breweries Plc invests N243b in Nigerian economy

The Nigerian Breweries Plc says it has invested N243 billion in the Nigerian economy.
This is according to the NB’s newsletter made available to the News Agency of Nigeria in Abuja on Monday.
The newsletter said the N243 billion amounted to 0.65 per cent of the nation’s Gross Domestic Product.
It said that NB had contributed positively to the economic and social development of the country by investing in expansion of breweries in Lagos, Aba, Enugu, Kaduna and Ota.
It said that over N175 billion had been invested by NB in developing world-class brewery facilities in the past five years in Nigeria.
The newsletter said that as at 2013, NB represented 12 per cent of Nigerian manufacturing output, equivalent to 0.23 percent of the GDP.
It said the NB was currently sustaining over 500,000 jobs across the country.
The newsletter also listed these areas to include: health, education, sports, water and community development, among other areas, it had provided employment.
It said that NB had, as well empowered many Nigerians in other areas such as Creative Writers’ Workshop, National Arts Competition, Maltina Dance All and Golden Pen Award.
The newsletter said that NB Plc was driven by a corporate philosophy of wining with Nigeria since incorporation in 1946 and the production of Star Larger Beer from Lagos Brewery in 1949.
It said that the NB had progressed from that single brewery and brand to 11 breweries spread across Nigeria and 20 iconic brands.
The newsletter stated: “As Nigeria‘s pioneer and leading brewing company, we have an unwavering commitment to the growth of Nigeria by identifying and consistently supporting the development aspirations of our various host communities.”