The World Economic Forum, taking place between May 7 and 9, 2014 in Abuja, is arguably one of the most important economic events in its political history since independence. Multinationals investing copiously in Nigeria include Nestle, Larfage, Procter & Gamble (P&G), MTN, Bharti Airtel, Old Mutual, General Electric (GE) and SABMiller.
French cement producer Lafarge Cement Wapco Plc, has revealed plans to double its operational facility in Nigeria by investing an additional €1 billion in the next three to four years.
The infrastructural deficit and rapid urbanisation have been driving the demand for cement in Nigeria which explains the double-digit growth in revenue of its Nigeria subsidiary.
Read the rest of the article here: http://businessdayonline.com/2014/05/beer-banks-and-cement-global-companies-tapping-into-africas-emerging-growth-pole/#.U2sJmDOKBes
