TINUBU COMMENDS TOLARAM ON IT’S CONFIDENCE IN NIGERIA ECONOMY

Tolaram which collabrated with Nigerian Government in building Lekki Free Trade Zone and Nigeria’s first deep-water port has now purchased Diageo’s 58.02 percent stake in Guinness Nigeria Plc.

Tolaram will also enter into long-term licence and royalty arrangements for the continuous production of Guinness products as well as its locally created Diageo ready-to-drink and mainstream brands, according to an announcement made at the Nigerian Exchange on Tuesday.

According to Tinubu, Tolaram demonstrated that it had a long-term perspective on conducting business in Nigeria by purchasing Diageo’s holdings in Guinness.

According to the News Agency of Nigeria (NAN), Tolaram has conducted business in Nigeria for the past fifty years.

By deciding to increase its investment footprints in
Nigeria, Tolaram has shown a great deal of trust in Nigeria as well as it’s Economy.

“President Tinubu welcomes Tolaram to the beverage industry in Nigeria and expresses his hope that the group’s business will keep growing.” “Insuring that his government will continue to make the operating environment more conducive and transparent.

President Tinubu gives assurances to investors and Nigerian businesses,” the statement read.

In Tinubu’s words, “The multifaceted financial and
economic reforms and interventions being carried
out would result in long-term profitability and steady
growth for investors.