Nestlé Nigeria Poised For Strong Long-Term Growth

Nestlé's Nigerian subsidiary looks set for strong long-term growth. With FY10 annual sales expected to surpass US$500mn, it is one of Nigeria's largest food and drink companies, alongside Unilever Nigeria's food and drink a business and UAC Foods. But given just how large the market is (with a population of over 155mn) and how low spending levels are (per capita food consumption was about US$270 in 2009), Nestlé has barely scratched the surface of its potential in

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