• August 2, 2021

#CSR: NB PLC Set To Boost Tree Planting In Ogun With N500m

(AGENDAWATCHDOG) – Ogun State’s reforestation programe is set to receive a huge boost with the proposed collaboration between the Ministry of Forestry and Nigerian Breweries PLC to reforest about 500 hectares of the Olokemeji Forest reserve in Abeokuta, the state capital.

According to Mrs Sade Morgan, Corporate Affairs Director, Nigerian Breweries Plc, during a media briefing at the conference room of the Forestry ministry, the project will contribute 600,000 indigenous trees to the forest reserve once completed.

Under the project Nigerian Breweries will spend N500 million over the next 10 years to achieve this target. The International Institute for Tropical Agriculture (IITA) Ibadan was also announced as the implementation partner for the project, along with experts in the Ogun State Forestry Ministry.

ABOUT NIGERIAN BREWERIES PLC: Nigerian Breweries was incorporated in 1946 and the first bottle of its brand, the STAR Lager, rolled off the bottling lines of its Lagos brewery in June 1949. As the company expanded into other regions, it established more breweries such as Aba Brewery in 1957 and Kaduna Brewery in 1963. By 1971, the company was one of the largest industries within the country in terms of capital investment.[3] In 1982, another brewery was added in Ibadan. In September 1993, the company acquired its fifth brewery in Enugu, and in October 2003, its sixth brewery, sited at Ameke in Enugu. Ama Brewery began brewing on the 22 March 2003 and at 3 million hectolitres is the largest brewery in Nigeria.

POTENTIAL IMPACT OF INITIATIVE: The collaboration between the Ogun State Government and Nigerian Breweries PLC to reforest the Olokemeji Forest Reserve will have multiple impacts on the state. While it will make the environment more sustainable, which is in line with the NBC’s sustainability agenda, tagged Brewing a Better World (BABW), it would also go a long way in improving the recharge of the Ewekoro and Abeokuta aquifer , preventing soil erosion, reducing C02 emissions, and enhancing the health of the watershed.

NB PLC, through this initiative, has expressed its full commitment to its CSR objectives, and not only in making profits.


Agenda Watchdog

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