Dupont Opens Nigeria Office, Plans $150m African Expansion

VENTURES AFRICA – Global science and innovation company Dupont has opened its Nigerian office in Lagos, during the event to mark its opening, Dupont Nigeria’s country manager Alessandro Raemy said the office will serve as its hub for the West African region.

Dupont also announced a $150 million dollars investment outlay for Africa in the medium term. This it said is a move to kick-start Dupont market presence acceleration. Currently, the organization is assessing Nigeria’s energy sector, agriculture, infrastructure and other capabilities.

According to the country manager, DuPont sees solid growth opportunities in Nigeria and Sub-Saharan Africa. He also noted the company’s capability and passion for innovation which he said can help address the key challenges facing Nigeria and Nigerians by contributing towards the country’s economic growth.

“Global companies cannot afford to neglect a fast-growing market such as Nigeria. The country’s current population is estimated at 167 million and it will increase by more than half within the next 40 years. This makes it one of the fastest growing populations globally,” he added.

However, he noted that for the project to be successful, all hands must be on deck.

”That would require people working together across borders, companies, governments, organizations and cultures to devise solutions – both large and small – that will improve the lives of people around the world and here on our local soil,” he concluded.

 
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