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Tuesday, March 28, 2023

Guinness Nigeria Restates Commitment to Investment in Nigeria, Highlight Expansion Plans

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Guinness Nigeria Plc says the attention of the Management of has been drawn to some false, malicious, and misleading publication trending on some social media platforms falsely alleging that Guinness Nigeria is relocating out of Nigeria and therefore planning to sell its lkeja Brewery site.

A bogus ‘sales brochure’ circulating online in various formats claims that the lkeja site sale is part of an exit plan, and this falsehood is being irresponsibly circulated by faceless persons purporting to be property agents.

“Guinness Nigeria Plc. certainly has no plans to exit Nigeria, contrary to the orchestrated false publication making the round s. We are strong, stable, and delivering value to our esteemed stakeholders,” Guinness Nigeria said.

“We would also like to clearly state that the malicious publication is not in tandem with our current expansion and investment drive, as we recently reaffirmed our long-term strategic expansion plans in Nigeria with the acquisition of an additional 25-acre commercial property in the Ogba industrial area of Lagos purchased recently in late 2021.”

Guinness Nigeria also recently announced its Half Year Unaudited Financial Result for the 6 months ended 31st December 2021 in which it notified its esteemed shareholders of stellar performance in which its 6 months’ Operating Profit grew by 266% to N13.6 billion.

Contrary to the false information being circulated by detractors, Guinness Nigeria said it is renewed in its efforts to serve its revered consumers and creating more job opportunities for Nigerians as seen in the new $5million additional production line recently commissioned at the Brewery in Ogba, Lagos in October 2021.

“We are also pleased to state that we are on the verge of completing work on our new ultra-modern head office block located in lkeja where we will be moving in the next few weeks.”

“We urge our employees, stakeholders, and members of the public to ignore the false, malicious, and misleading publication as it never emanated from the Management of Guinness Nigeria Plc.”

Guinness Nigeria, part of the world’s largest premium drinks company, Diageo Plc., is home of the first Guinness brewery outside of the British Isles. Established in 1950, it is one of the oldest surviving manufacturing companies in Nigeria.

Guinness Nigeria subscribes to the highest standards of corporate governance and will continue to demonstrate the highest standards of integrity, and especially guarantee that engagement with consumers, government agencies, suppliers, shareholders, and other stakeholders is driven by its values and principles.

“Guinness Nigeria has confidence in the Nigerian economy and just as we have done for the past seventy-one years, we will remain a major player in the country by continually investing, developing capabilities, growing brands that most suit the consumers’ needs; and contributing positively to lives, communities and the environment,” the statement concluded.

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