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Thursday, 5 July 2018

P&G Set To Shut Down $300 Million Nigeria Production Plant In Ogun State

About a year after commissioning its largest Nigerian plant, Procter & Gamble (P&G) is set to shut the plant. The leading FMCG (Fast-moving Consumer goods) is set to shut the production plant situated in Agbara Industrial Estate, Ogun State, PREMIUM TIMES can report.


The company expanded its footprint in Nigeria in June 2017 with the commissioning of the state of the art production line which reportedly cost the firm about $300 million to complete.

The plant is for its ‘Always’ and Pampers brand of sanitary pads and diapers.
Sources at the firm said about 120 workers are being laid off as part of the shut down with some of them already receiving their disengagement letters which is to commence next month.

The company, a multinational FCMG with stakes in about 180 countries of the world, is the producer of Always sanitary pad, Pampers, Ariel detergent, Oral B toothpaste, Gillete shaving stick, among other products in the Nigerian market.

The shutdown is coming barely a year after the production line was commissioned by Vice President Yemi Osinbajo and Governor Ibikunle Amosun of Ogun State.

Insiders familiar with the development told PREMIUM TIMES that the company is battling with the challenge posed by government policies that regulate importation of raw materials for its production. A source explained that the cost of importing raw materials was becoming unbearable for the company, which has refused to involve in shady deals in order to cheat the system and ease importation.

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FACEBOOK COMMENTS

Gbolahan Libra General

The challenges of industrialization in Nigeria... Hmmmmm

Anuforo Osinachi James

Well, for the sake of National development, this isn't a goodnews. I'm overwhelm by their honesty and i think the government should do something about it for the sake of those Nigerians who depend on the job for their source of livelihood.
2

Endy Edeson

@Libra & James: for a company to make such decision, it must be really hard on them. it's quite unfortunate that this development would affect Nigerian employees
Edited1

Peace Ewa Udu

This doesn't sound good.

Anuforo Osinachi James

I just hope is never the work of one devil incanet.
1

Atoyebi Abass Akinloye

Since environment is not favourable, we will soon start to import their products from Ghana or other African countries
3

Frank Imeh

the only source of pad in our country is leavin the country. Must we import everytin into the country? Its gonna increase the rate of unemployment and other immoral vices. I hope the fg knows wat dey r abt to face... Nigeria is lossing everytin to foreign countries
1

Adedayo Ojo

OMG!!!
Its a bad omen for Nigeria economic considering d capital involved and laid off workforce.
This development will discourage influx of multinationals organization in this country which we have being hoping for.
"God save Nigeria "

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