Presentation on theme: "Tomasz Szpyt 4 th October 2012, Lagos. Our Purpose We will provide branded products and services of superior quality and value that improve the lives."— Presentation transcript:
Tomasz Szpyt 4 th October 2012, Lagos
Our Purpose We will provide branded products and services of superior quality and value that improve the lives of the worlds consumers, now and for generations to come. As a result, consumers will reward us with leadership sales, profit and value creation, allowing our people, our shareholders, and the communities in which we live and work to prosper.
Operating since 1992 General office in Lagos Manufacturing Plant in Ibadan 10 brands Over 3000 direct & indirect jobs New Lagos plant under construction will be in operations - 2013 Procter & Gamble in Nigeria
P&G's growth strategy and the Nigerian Government's transformation agenda share a common purpose Capital investment in Nigeria We are creating jobs Developing human capital Social responsibility programs moving us closer to the MDGs Business hub for West Africa- driving economic growth
1.Strong dynamic and growing population 2.Among the fastest growing markets in Africa 3.We believe in the future of Nigeria Why Nigeria?
Nigerian Government is Strengthening its Institutions Ministry of Trade & Investment Nigeria Investment Promotion Commission National Agency for Food & Drug Administration & Control (NAFDAC) Enabling environment for increased PPP
Local Manufacturing Challenges and Solutions Equipment and machinery for manufacturing currently attracts duties and VAT – we advise that the Government reviews this to a zero duties and VAT burden on all equipment and machinery for Manufacturing. Local Manufacturing in Nigeria currently experiences the some of the highest raw material duties (Tariffs) in Africa. We advise that the Government implements the Manufacturers Association of Nigeria (MAN) submission on tariff changes which aims at lowering tariffs on raw materials needed for production where they are not available or not available at the right quality in the country.
Local Manufacturing Challenges and Solutions The export Expansion grant incentive scheme lends great support to local manufacturing. The Government should work more closely with implementing offices to ensure a smooth running process We believe that effective Implementation of VAT exempt Legislation on applicable products in conjunction with customs offices will go a long way to helping the Government actualize many of its goals in the transformation agenda. We also believe continuing investments into power sector, ports, roads and railroads infrastructure will help local manufacturers reduce manufacturing cost and will go a long way in making Nigerian manufacturing sector more competitive.
P&G is a model investor in Nigeria and believes in Nigerias potential Our growth and expansion plans are long-term We are successfully operating with integrity We see and support the Government taking steps to improve the manufacturing environment in Nigeria. Summary