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, Mr. Babajide Sanwo-Olu has commissioned the newly-built wet hair production factory owned by Godrej Nigeria Limited.
Godrej Nigeria Limited is an Indian consumer goods company and an emerging markets FMCG leader with a growing presence in Africa, Asia, and Latin America. The factory is part of its drive to deepen its presence and consolidate its consumer base in the country.
The governor 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 the lives of our citizens”, Sanwo-Olu stated.
The governor further added that his administration would continue to pursue actions that would eliminate red tapes and regulatory impediments hindering the growth of businesses in the state, thereby demonstrating his willingness for continued collaboration with the private sector to improve the livelihood of the residents.
Chief Executive Officer of Godrej Group (West Africa), Mr. Kayode Oladapo said 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 lasting impact”, Oladapo said.
Managing Director/Global Chief Executive Officer of Godrej Group, Mr. 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.
He commended Sanwo-Olu 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. The company continues to expand its presence on the continent and other emerging markets, with manufacturing facilities in several African countries, including South Africa, Mozambique, Kenya, and Nigeria.
As a 120-year-old group with over 8,900 staff in Nigeria alone, its legacy is strongly built on values that reflect trust, integrity, and respect. Its fast-rising growth is fueled by its exciting ambitious aspirations. Presently, the company enjoys the patronage of over 1.1 billion consumers globally with three categories of hair care, personal care and home care products under its belt.
The company has also made several acquisitions, reflecting its commitment to provide consumers with a wide range of quality products and improve its market leadership. In 2008, Godrej Consumer Products Limited acquired the Kinky Group, as part of its foray into the hair extension business in Africa. Later, in 2015, Frika Hair (Pty) Limited, a leading premium hair extensions company in South Africa was acquired.
In 2011, it delved deeper into the African market with a partnership with Darling Group, a number-one player in hair extensions in 14 African countries and counting. Currently, it is the leading brand in the hair extensions category across Africa.
