₦airaland Forum

While some global corporations are pulling out of Nigeria, others are finding chances in the largest economy in Africa. For example, Nutrify, a division of Tolaram Group, which made an investment in the nutraceutical health sector six months ago, intends to build a multi-million Naira factory in Nigeria.


According to Ehimenv Oaikhena, regional sales manager for the health company Nutrify Nigeria, the ambitious concept not only satisfies the growing demand for its goods in Africa but also generates employment and stimulates the local economy.

Oaikhena did nothing to disclose the location of the factory when she was interviewed last weekend in Lagos at the Young Pharmacists Group’s health event, which was held in association with Nutrify.



The choice is further influenced by research, knowledge of the size and market for nutraceuticals in health in Nigeria, familiarity with the country’s regulatory framework, and knowledge of the raw material supply.


Similar to the crude oil industry, in which Nigeria imports refined products and exports crude, Nutrify currently sources its raw materials from various African nations, including Nigeria, but transforms them into finished products in Asia.

According to Oaikhena, the company expects that local production in the upcoming two years will result in more cheap items, taking into account importation logistics and exchange rates.

Oaikhena disclosed: “We source most of the raw materials in Nigeria and Africa. The plan in the next two years is to have the supplements produced here in Nigeria”

According to the regional sales manager, the company now uses roughly 65% local content in its nutraceutical goods supplied throughout Africa because some of its raw ingredients are sourced outside of Nigeria.

Nonetheless, he stated that the organisation intends to raise the local content to 90%, BrandSpur local news brand reports.

Oaikhena noted that affordable and suitable medications are the gaps in the market for healthy supplements, but Nutrify is filling these gaps thanks to its robust R& team.

“We have been on this journey of the plan to produce supplements for about 5 years as we did not just wake up to start manufacturing,” he declared, adding that the company is aware of the market.

He explained that the goal of the wellness retreat is to educate customers and chemists about certified nutraceutical goods and raise awareness of the preventive approach to health. He claimed that Nutrify formulas have ISO certifications and NAFDAC approval.

During the panel discussion, Tolulope Ajayi, the Chairman of the Lagos Chapter of the Association of Community Pharmacists of Nigeria, explained the purpose of the retreat as enhancing the NUJ knowledge and skills of pharmacists, who are healthcare providers and not just businesspeople but also the gatekeepers of the healthcare delivery system.

He explained that the goal of the wellness retreat is to educate customers and chemists about certified nutraceutical goods and raise awareness of the preventive approach to health. He claimed that Nutrify formulas have ISO certifications and NAFDAC approval.

During the panel discussion, Tolulope Ajayi, the Chairman of the Lagos Chapter of the Association of Community Pharmacists of Nigeria, explained the purpose of the retreat as enhancing the knowledge and skills of pharmacists, who are healthcare providers and not just businesspeople but also the gatekeepers of the healthcare delivery system.

Abimbola Adebakin, who subscribes to the theory that prevention is preferable to cure, stated in her opinion that Africa may find preventative health solutions through technology and artificial intelligence (AI). She asserted that when advancements in health are made, power can be transferred to Africa.

She claimed that the answer to the world’s health problems is in Africa, stating that by combining the continent’s conventional medical practices with AI’s ability to lower the cost of drug research, the success rate of newly discovered medications may rise from 15% to 70%.

Consumers should always enquire pharmacists about their licenses and get advice from them when needed, according to Nmesoma Ohakwe, State Coordinator, PSN-YPG, Lagos.

SOURCE: https://brandspurng.com/2024/09/02/nutrify-reveals-plan-to-build-multi-million-naira-factory-in-nigeria/

ok

Why is this thread so dry? Where are the naysayers?

Bitter people hate this kind of news

God bless Nigeria forever

nothingspoil70:
Why is this thread so dry?

Those Humanoids are programmed to follow only negative news

The cant comprehend this

CyrusVI:
Those Humanoids are programmed to follow only negative news

The cant comprehend this

Wow! Nice coming from you

Ikaeniyan0:
Bitter people hate this kind of news

God bless Nigeria forever

Why are you so kin on hearing from the bitter people

At least let the company start operation first na

Stupid news from stupid source

CyrusVI:
Those Humanoids are programmed to follow only negative news

The cant comprehend this

You know you are the programmed humanoid that strive on propaganda

Peter Obi will never celebrate this.

He is immune to good news.

This announcement is premature, they didn't announce any concrete plan, just stated what they intend to achieve in a few years time.

plan,
to build


Nice one.... even more nice when they finally build and employ teeming Nigerians

Tolaram is gradually taking over major sectors in Nigeria. From indomie to power oil, hypo, Pringles, mini mee, lush hair extensions and hair products, Guinness Nigeria now this? Naija

U wan build factory for this rubbish economy.. u will fold within 2 years. Be warned.
tinbu used #10 billion to renovate Vp house remember.

nothingspoil70:
Why is this thread so dry? Where are the naysayers?

Because it's not a bad or negative news

Emergency Nigeria lovers are running out of energy. This is a news supposed to inject life into the country right?

Why then are the so-called patriots not jubilating and dissecting the many ways it would be productive and position us for the next breakthrough?

Simple! Because there is nothing to hold at in that news source. So, what to do instead? They're spacebooking, looking for the bitter and angry people who will be unhappy with the news. Those are more relevant to their paymasters job specifications than actually making sense.😕

CyrusVI:
Those Humanoids are programmed to follow only negative news

The cant comprehend this

Believe Tinubu's govt and you will believe anything.

Oga, they should build plant first
.

God help them

Dis comment section is dry since it's not a company leaving Nigeria that some ppl can attack tinubu on😂😂😂 neither is it about tribal war

Tolaram and Olam, two Singaporean headquartered companies making a kill from Nigeria.

Companies keying to president bola Ahmed Tinubu's vision is what I love to see.

See as companies just building factories up and down.

nothingspoil70:
Why is this thread so dry? Where are the naysayers?

they would have flooded this place if the news say nutrifyer is pulling out of Nigeria.

Children of hate love bad news.

nothingspoil70:
Why is this thread so dry? Where are the naysayers?

They are still hiding for the fear of ekpa boys.


Nothing gives them joy other than bad news.....

Sore losers

Shikini:
Believe Tinubu's govt and you will believe anything.

Oga, they should build plant first
.

Those that didn't believe Tinubu's education loan before are now complaining of been sidetracked. Better not let your angel carry your prosperity pass you.

Caveat emptor!

nothingspoil70:
Why is this thread so dry? Where are the naysayers?

They are on the queue of various filling stations trying to get fuel @ #855 per litre, it's obvious they don't have light and their phone battery & power-bank is also dead.

postbox:
SOURCE: https://brandspurng.com/2024/09/02/nutrify-reveals-plan-to-build-multi-million-naira-factory-in-nigeria/

Story

When are going to be seeing news like
Multi million dollar project ready to use

Multi-million Naira not USD in this Tinubu Economy doesn't worth celebrate for an international firm.

Ok, but Waiting to commence b4 I believe.

Good. The more the better, though. More, please!

postbox:
SOURCE: https://brandspurng.com/2024/09/02/nutrify-reveals-plan-to-build-multi-million-naira-factory-in-nigeria/

a welcome development.

Bitter Obi and obidients wouldn't like this news😳😳😳😳😳.

postbox:
SOURCE: https://brandspurng.com/2024/09/02/nutrify-reveals-plan-to-build-multi-million-naira-factory-in-nigeria/

omojeesu:
Caveat emptor!

Buyers beware.......