Nigeria: PepsiCo, DP World Open $20mln Lagos Facility as Tinubu’s Reforms Attract Fresh Investments

Nigeria: PepsiCo, DP World open $20mln Lagos facility as Tinubu’s reforms attract fresh investments

The new plant will produce PepsiCo’s iconic Cheetos brand, using over 90 percent locally sourced inputs

Pepsico, DP Launch $20m Plant in Lagos - InsideBusiness - Business News in Nigeria

PepsiCo and DP World have unveiled a $20 million production facility in Lagos, signalling renewed investor confidence in Nigeria’s economy. The facility, which will produce PepsiCo’s iconic Cheetos brand using over 90 per cent locally sourced inputs, is expected to create jobs, strengthen food security, and position Nigeria as a manufacturing and export hub within West Africa and AfCFTA. This landmark investment is set to boost economic growth,…

PepsiCo , DP World Unveil $20m Production Facility In Lagos

PepsiCo , DP World Unveil $20m Production Facility In Lagos

PepsiCo, DP World Expand Partnership to Tackle Nigeria’s Logistics Costs with $20M Investment, Cheetos Launch - Tech

Nigeria’s economy is projected to grow by 5% this year, according to Coordinating Minister of the Economy and Minister of Finance, Wale Edun.  However, one of the biggest obstacles to sustaining this growth lies in the cost of logistics, in some cases consuming up to 75% of a product’s value, far higher than the global average of 6–8%. Against this backdrop, PepsiCo and DP World have expanded a $20 million partnership to bolster PepsiCo’s food b…