Sanwo-Olu  Pledges More Incentives for Businesses 

Mary Nnah

In demonstration of his administration’s commitment to reforms and economic incentives that will improve the ease of doing business and enhance investment opportunities, Lagos State Governor, Babajide Sanwoolu, has inaugurated the newly-built wet hair production factory owned by Godrej Nigeria Limited.

Governor Sanwo-Olu described the project as an ‘audacious step’ taken by the company to further deepen its investment and market share in the Lagos consumer market sector, noting that the new production line would raise the company’s capacity to meet local demand for its products.

“This is a strategic investment decision being made by Godrej Nigeria Limited to transform its business and deepen its investment in consumer goods. This is a testament to our willingness to collaborate with the private sector and bring about sustainable economic benefits to better our citizens’ lives,” Sanwo-Olu stated.

The governor further added that his administration would continue to pursue actions that would eliminate red tape and regulatory impediments hindering the growth of businesses in the State, thereby demonstrating his willingness to continue collaboration with the private sector to improve the livelihood of the residents.

Chief Executive Officer of Godrej Group, West Africa,  Kayode Oladapo, stated that in addition to the company’s market expansion drive, it is poised significantly to impact people and communities in ways that transform lives forever, thereby consolidating its footprint as a key human capital developer in regions where it operates.

“This is a significant milestone in our company’s journey here in Nigeria, and we are not just keen on growing or expanding our footprint in businesses but impacting lives and people in ways that will make a lasting impact,” he noted.

Managing Director and global Chief Executive Officer, Godrej Group, Sudhir Sitapati, also added that the launch of the new factory signifies growth for the company which marks a significant milestone for the company’s trajectory in the West African region. Mr. Sitapati commended Governor Sanwoolu and his administration for formulating business-friendly policies that enable ease of doing business and growth, which ultimately impacts the residents and citizenry.  

Godrej Group is a big player in the hair fashion, hair care, home insecticide, and personal care categories, particularly for women of African descent, offering a range of products tailored to their needs.