By Onyeanya Ebere Immaculata<\/p>\n
The Federal Government has raised Nigeria\u2019s 2025 Gross Domestic Product (GDP), growth projection to 5.0%, up from its earlier target of 4.6%, reflecting confidence in the country\u2019s economic reforms and recovery drive.<\/p>\n
The new forecast is well above the International Monetary Fund\u2019s (IMF), projection of 3.4% for Nigeria in 2025.<\/p>\n
Minister of Finance, Wale Edun, announced the revised outlook in Lagos during the commissioning of PepsiCo\u2019s new Cheetos plant and its strategic partnership with logistics giant DP World.<\/p>\n
According to him, the upgrade reflects the impact of reforms under President Bola Tinubu\u2019s administration aimed at boosting private investment, industrial growth, and economic diversification.<\/p>\n
\u201cWith sustainable growth, GDP is projected to grow by five percent this year. We are seeing real results from our pillars of reform,\u201d Edun said, noting that PepsiCo\u2019s facility, which sources 90% of its raw materials locally, underscores government efforts to drive industrialization and job creation.<\/p>\n
Lagos State Governor Babajide Sanwo-Olu, represented by the Commissioner for Commerce, Trade and Investment, Folashade Bada Ambrose, hailed the collaboration between PepsiCo and DP World as a model of \u201cglobal expertise meeting local opportunity,\u201d which will strengthen supply chains and create jobs in the state.<\/p>\n
Felix Enwemadu, General Manager of PepsiCo Foods Nigeria, described the Cheetos launch as proof of the company\u2019s confidence in Nigeria\u2019s potential, highlighting community impact programs such as Safe Water Access.<\/p>\n
Ajit Nair, Managing Director of FMCL Nigeria and DP World, added that Nigeria remains PepsiCo\u2019s most integrated market globally, with the new facility being the company\u2019s third in the country, supporting its West African expansion strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"
By Onyeanya Ebere Immaculata The Federal Government has raised Nigeria\u2019s 2025 Gross Domestic Product (GDP), growth projection to 5.0%, up from its earlier target of 4.6%, reflecting confidence in the country\u2019s economic reforms and recovery drive. The new forecast is well above the International Monetary Fund\u2019s (IMF), projection of 3.4% for Nigeria in 2025. Minister […]<\/p>\n","protected":false},"author":29,"featured_media":73832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173,172],"tags":[275],"class_list":["post-73831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","tag-fea"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/73831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=73831"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/73831\/revisions"}],"predecessor-version":[{"id":73833,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/73831\/revisions\/73833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/73832"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=73831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=73831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=73831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}