President Bola Tinubu has commended the Indonesian business conglomerate, Tolaram Group, for believing in Nigeria and having absolute faith in its economy. Tolaram has acquired Diageo’s 58.02% shareholding in Guinness Nigeria Plc and will enter into long-term license and royalty agreements for the continued production of Guinness products and locally manufactured Diageo ready-to-drink and mainstream brands.
Tinubu stated that Tolaram’s acquisition demonstrates a long-term view of doing business in Nigeria. He welcomed Tolaram to the beverage sector of Nigeria’s business landscape and assured investors that his government will continue to make the operating environment more conducive and transparent.
The President emphasized that the multi-pronged reforms and interventions being implemented on the economic and financial fronts will deliver sustained growth and enduring profitability for investors.
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