Nestle Nigeria Plc

The company began business under the trade name of Nestle Products Nigeria, in 1969, the name was changed to Food Specialties Limited. It began trading on the Nigerian Stock Exchange in 1979 following an indigenization promotion decree. In 1991, the company's name was changed to Nestle Foods Nigeria and ten years later it became Nestle Nigeria PLC. At inception, the firm's operation was in distribution and sales of Nestle products which had previously been imported into the country by merchants. In 1971, improved demand for its Maggi seasoning product led to the establishment of a packaging plant in Lagos.[3] The firm leased land at the newly created Agbara Estate in 1978 and three years later began manufacturing Maggi and Milo products. In 1982, Cerelac was produced in Nigeria from Agbara. Between 1984 and 1986, the company introduced baby weaning products with higher local content, this include Cerelac Maize and Nutrend, with a mixture of soy and maize.[3] It later introduced Chocomilo, a confectionery item. In 2011, the firm expanded production of its marquee with the opening of a Maggi factory in Flowergate, Ogun State.[4]

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