Business Consumers Continue to Spend 'Strongly' In Spite of Boko Haram - Companies

Vunderkind

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Unilever Nigeria Plc, which manufactures, detergents and toothpaste said consumer spending will continue to hold firm in Africa’s largest economy, despite uncertainty from an Islamic insurgency in the north and elections due by February.

“We will see some growth in consumer spending this year, in spite of the turbulence in the market and a certain degree of sales depression in some regions,” managing director Yaw Nsarkoh, said in an interview yesterday at an investment conference in Lagos.

“While the country faces some short term issues, we have a long term commitment to Nigeria.”

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Source: #BusinessDay
 
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