Obasanjo lauds BAT Nigeria’s role in economic development

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Funsho ArogundadeL-R: Chairman, Senate Committee on Industries, Senator Sam Egwu; Managing Director, British American Tobacco Nigeria (BATN), Chris McAllister; Chairman, BATN Foundation, Chief Kola Jamodu; The Oba of Lagos, His Royal Majesty, Rilwan Akiolu; Special Guest of Honour, His Excellency, former President, Chief Olusegun Obasanjo; and the Ooni of Ife, Oba Enitan Adeyeye Ogunwusi, during the formal opening of BAT’s West Africa Head office in Ikoyi on Tuesday, 9 February, 2016
Former President Olusegun Obasanjo has praised the private sector for their positive roles in economic development and jobs creation.
Obasanjo stated this on Tuesday during the commissioning of British American Tobacco Nigeria head office in Ikoyi, Lagos.
The former president, who was the chief guest at the event, highlighted the important role companies such as BAT play in the economic growth of Nigeria.
He described the commissioning as a major milestone and also a testament to government’s efforts geared towards attracting foreign direct investment.
Tracing the return of BAT to Nigeria, which began with the signing of a Memorandum of Understanding between the government and the company in 2001, Obasanjo said that BAT was among the first companies that heeded his government’s invitation to invest in Nigeria.
“Almost a decade and a half after the signing of the MOU, we are again at BAT to witness another milestone. I’m particularly delighted because this head office building showcases faith in Nigeria and BAT’s continued investment in Nigeria,” Obasanjo stated.
Making reference to the legality of the tobacco industry and the benefits Nigeria derives from the legitimate tobacco industry, Obasanjo said that the health warnings on cigarette packs are conspicuous enough.
“With the warning on cigarette packs, the government and tobacco companies have fully discharged their duties. We cannot sacrifice the huge benefits BAT brings to the economy,” he emphasised.
Earlier, Chris McAllister, Managing Director, BAT Nigeria, said one …Read More

Source:: PM Newspaper