Economics

Guinness dismisses claims of planning to exit from Nigeria

Mr Rotimi Odusola, Nigeria's Guinness Corporate Relations Director and Business Secretary, said the company was dedicated to teaching its consumers about responsible alcohol usage.

Contrary to several allegations circulating on social media platforms, Guinness Nigeria Plc management has said that the business has no plans to leave Nigeria.

This comes at a time when manufacturers are lamenting a difficult working climate as the cost of products and services rises, as well as the energy crisis.

Guinness Nigeria Plc’s Corporate Communications Manager, Mrs. Ayodele Alabi, revealed the clarification during an interview on Thursday in Lagos.

While denying allegations that Guinness is considering relocating its operations to Ghana, Alabi noted that the company’s factory in Ghana has been operational since 1960.

He said, “There is Guinness Ghana and it’s not that we are just trying to expand operations to Ghana or anything like that as it’s been there since forever, ten years after the Nigerian operations began.

“The information of our relocation is false and we cannot trace where the misinformation is coming from. We cannot just be moving our operations when we had established Ghana in 1960 while Nigeria office was established in 1950.’’

Guinness Nigeria Plc’s Managing Director, Mr. Baker Magunda, reiterated the company’s commitment to continuing in the nation and providing value to its stakeholders and consumers in a statement.

He argued that the rumor circulating was contradictory to the company’s present expansion and purpose.

Magunda mentioned that the company recently reinforced its long-term strategic development goals by purchasing a 25-acre commercial site in a desirable Lagos location.

According to him, the company’s operational earnings increased by 266 percent to N13.6 billion in the first half of 2021.

“We advise our staff, stakeholders, and members of the public to disregard this false, malicious, and misleading publication since it was never issued by our management,” he added.

“Guinness Nigeria believes in the Nigerian economy, and as we have for the past seventy-one years, we will continue to invest, build skills, and expand brands that best meet the demands of customers while also contributing positively to people’s lives, communities, and the environment.”

Chinaza Ogbachalu

My name is Chinaza Ogbachalu, and I am a writer. I have been writing news and opinion articles for five years plus and have always had a passion for storytelling. I grew up in Nigeria and graduated from the University of Port Harcourt, Nigeria, with a degree in linguistics and communication studies. I have written books that have been well-received by critics and readers alike. My work often focuses on culture and lifestyle, and I draw inspiration from my own experiences and observations of the world around me. As a news writer, I am responsible for researching and writing engaging and accurate news stories for our online audience. I have a strong passion for current events and am skilled at conducting interviews and gathering information from sources. I am grateful for the support of my readers and am constantly humbled by their enthusiasm for my work. Thank you for taking the time to learn more about me and my writing.