President Goodluck Jonathan has declared that Nigeria would become the 6th largest economy in the world come 2015 despite the security and infrastructural challenges facing the country.

Speaking at the ground breaking ceremony of P&G in Agbara, Ogun State recently, the President, who was represented by the Minister for Trade and Investment, Dr Olusegun Aganga,  said the company had been a formidable partner in the development of the economy, adding that the N43 billion investment would consumate the regional agenda of becoming the 6th largest economy in 2015.

For imbibing the local content scheme, the President  commended the company for being the fastest consumable goods industry, adding that this would go a long way in boosting the nation’s economy.

“This investment lends support to the President’s Transformation Agenda and will lead to creation of thousands of jobs, hundreds of SME’s and the development of human capital in the country.”

Also apeaking at the event, P&G Group President for Central & Eastern Europe, Middle East and Africa (CEEMEA), Mr Laurent Philippe, remarked on P&G’s company, saying that “Our purpose inspires us to be a model investor touching and improving lives in Nigeria and beyond through our quality brands, invest-ments, economic development plans and other social programmes.

We touch and improve lives through our brands that make everyday life better and through our social programmes that reach over three million Nigerians every year.”

“West Africa is a cornerstone of P&G’s Purpose-inspired Growth Strategy with Nigeria as the focus. P&G looks to touch and improve more consumers’ lives. The first phase of this multi-billion naira plant would enable us to introduce our state-of-the-art diaper manufacturing lines in the country. It represents a milestone in P&G Nigeria’s history as it is the second plant of P&G in Nigeria and will contribute significantly to the development of the economy.”