Yemisi Izuora/Agency Report
Global leader in beer production Anheuser-Busch InBev (AB InBev), hopes to spend as much as $400 million in its new brewery plant at Sagamu in Nigeria, according its Chief Executive Carlos Brito.
The $250 million brewery has already started operation and capacity will be expanded in phases, Brito told reporters at a media briefing in Johannesburg, without giving a timeline for the next phase.
“Nigeria is becoming a more and more important market as we grow in that market,” he said.
“I mean we’re growing double digits, we didn’t grow in the past as fast because we were lacking capacity and now that we have capacity, strong brands and (a) great group of people we’re challenging the status quo there.”