AB InBev projects up to $400 million investment in Nigerian brewery

The $250 million brewery has already started operation and capacity will be expanded in phases
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Anheuser-Busch InBev (AB InBev), the world’s largest beer maker, expects the total investment in its new brewery at Sagamu in Nigeria, to be up to $400 million, according to 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.” -Brito

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He further added;

“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 the capacity, strong brands and a great group of people, we’re challenging the status quo there”.

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  • Abdulateef Ahmed

    Abdulateef Ahmed, Digital News Editor and; Research Lead, is a self-driven researcher with exceptional editorial skills. He's a literary bon vivant keenly interested in green energy, food systems, mining, macroeconomics, big data, African political economy, and aviation..

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