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Job: Nigeria, Britain partner to combat unemployment

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The Nigerian government has expressed its willingness to partner with the British Government in tackling unemployment and creating job opportunities for young persons in the country. The Minister of State for Labour and Employment, Dr Festus Keyamo, with the Political Counsellor, British High Commission, Mr Dominic Williams. PHOTO: NAN The Minister of State for  Labour  and Employment, Dr Festus Keyamo, stated this when the Political Counsellor, British High Commission, Mr Dominic Williams, paid him a courtesy visit in Abuja. “We are ready to collaborate with our partners all over the world to open up avenues for job creation. We are open to all kinds of suggestions and levels of co-operation,” he said. He disclosed that the Government has opened up other sectors as part of efforts to diversify the economy from oil, which would, in turn, create room for employment. According to him, part of the efforts of Government to diversify the economy and boost job creation...
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The Coca-Cola Company has announced that it has completed its acquisition of Chi Ltd. in Nigeria.
L-R, Chairman Board of Director , Abyey Building Society Plc, Chief I. B Ochonogor, Mr Nanno Kleiterp CEO of FMO and Mr Kolapo Lawson, Executive Chairman Agbara Estate Ltd/Lawson Corporation Ltd at the signing ceremony of Agbara Estate Phase iii project between Agbara Estate Limited, FMO Netherlands and Abey Building Society Plc held at Eko Akete Hall, Sofitel .Lagos last week.

Coca-Cola first announced a minority investment in Chi three years ago and, as planned, has now acquired full ownership of the company.
Chi is recognized in West Africa as an innovative, fast-growing leader in expanding beverage categories, including juices, value-added dairy and iced tea.
The company, founded in Lagos, Nigeria, in 1980, produces juice under the Chivita brand and value-added dairy under the Hollandia brand, among many other products. Coca-Cola acquired a 40 percent stake in Chi in 2016 from Tropical General Investments Group, the holding company for Chi Ltd. Juices and value-added dairy categories rank among the fastest-growing beverage segments in Nigeria and Africa.
This acquisition further signals Coca-Cola’s optimism about Africa’s consumer opportunity and a commitment to its long-term investment and growth plan on the continent, where it has been present for more than 90 years.

“Coca-Cola is continuing to evolve as a total beverage company, and Chi’s diverse range of beverages perfectly complements our existing portfolio, enabling us to accelerate expansion into new categories and grow our business in Africa,” said Peter Njonjo, president of the West Africa business unit of Coca-Cola. “We will support the Chi management team in building on the company’s remarkable heritage and achievements, while using the scale of the Coca-Cola system to replicate their success in more markets across Africa.”

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