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Saturday, 02 February 2019 00:00

We’re not departing from Nigeria, says PZ

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Conglomerate giant PZ Cussons Nigeria Plc says it is not leaving Nigeria and that claims of its departure from the country is totally false.

The Chief Executive Officer (CEO) of PZ Cussons Mr. Christos Giannopoulos in a statement issued on Friday said “the trading statement issued to the London Stock Exchange was clear on our continued operations in Nigeria ‘Whilst these conditions prevail, we will maintain our strong market shares in key product categories in Nigeria until growth returns to the market.”

Christos Giannopoulos noted that “this year 2019, we are celebrating 120 years of PZ Cussons making life better and adding value to Nigerians. In our 120 years of doing business in Nigeria, we have faced different conditions and come out stronger at the end.”

He confirmed to company’s consumers, employees, business partners and stakeholders that “Nigeria still remains a market of interest for us and have made no plans to leave Nigeria. Our factories in Ikorodu, Aba and all our distribution centres around the country are operational and will continue to be.”

Different social media platforms went abuzz on Thursday with news that PZ Cussons had concluded plans “to leave Nigeria as a result of the tough condition”.

The PZ boss described this media buzz as “totally false and misleading and creates the impression that PZ has decided to leave Nigeria.



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