Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • During Infrastructure Week, Governor Newsom announces $540 million investment to improve infrastructure statewide, connecting Californians to reliable and safe transportation – California State Portal | CA.gov
  • Mexico Data Center Market Investment & Growth Report 2026-2031 Featuring Key DC Investors – AWS, Ascenty, Equinix, Google, HostDime, KIO, Mexico Telecom Partners, Microsoft, ODATA, Scala – Yahoo Finance UK
  • EU Opens Public Consultation to Review MiCA Cryptocurrency Regulations
  • What actually is ‘reasonable financial provision’ for the purposes of the Inheritance (Provision for Family and Dependants) Act 1975? McDaniel v Talbot & Anor [2026] EWHC 928 (Ch) – Today's Wills and Probate
  • Regulator tells property lender Kingscrown Finance to stop taking on new customers
  • South Asian show at carwright Hall draws new Bradford audiences
  • Walthamstow Art Trail to return in June for 20th anniversary
  • Finance minister highlights AI capacity building for developing nations at G7
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
Finance ProFinance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Finance Pro
Home»Art Investment»BAT Nigeria’s 20-year investment journey through its state-of-the art factory
Art Investment

BAT Nigeria’s 20-year investment journey through its state-of-the art factory

March 4, 20244 Mins Read

[ad_1]

British American Tobacco commenced its investment journey in Nigeria as a trading business, and partnerships culminated in a direct investment in setting up an over $185 million world-class factory over two decades ago in Ibadan, one of Africa’s largest cities.

Over the years, BAT Nigeria has demonstrated its dedication to Nigeria by continuously expanding and upgrading its facilities. The Ibadan factory, in particular, stands out as a symbol of the company’s long-term commitment to the country. Equipped with modern technology and adhering to international standards, the factory has gone far beyond the production of tobacco products to become a social and environmental champion, providing employment opportunities for thousands of Nigerians and contributing its quota to the growth of the Nigerian economy.

Read also: Consumer Protection Commission unveils campaign to tackle rise in youth tobacco use

In the area of sustainable environmental practices, the factory achieved the Alliance for Water Stewardship Core certification in 2022, meeting all five core criteria for responsible water stewardship on a global scale. This accomplishment aligns with BAT’s sustainability priorities for 2025.

In addition to the company’s significant contribution to job creation, providing about 350,000 direct and indirect jobs for Nigerians, it has played a crucial role in both domestic and export operations. In recognition of its impactful role in the export drive for the nation, the Nigerian Export Promotion Council (NEPC) awarded the title of ‘Best Exporter to African Markets for the Year 2022’ to BAT Nigeria. This recognition acknowledged the company’s exports to 14 (now 11) countries in West and Central Africa.

Adhering to global standards, BAT Nigeria’s state-of-the-art technology ensures efficiency, quality, and environmental sustainability. Recognising the importance of environmental stewardship, the company has integrated sustainable and responsible practices into its operations, from responsibly sourcing raw materials to implementing waste reduction initiatives.

The company’s investment has stimulated economic growth by contributing to Nigeria’s tax revenue. Over the last six years, BAT Nigeria and its related operations have generated over N415 billion in taxes. The company’s adherence to ethical business practices and compliance with local regulations has further solidified its role as a responsible corporate citizen.

British American Tobacco Nigeria (BATN) is also setting a strong example for responsible business practices. Its commitment to environmental sustainability is evident in its impressive achievements in this area. By transitioning from diesel to compressed natural gas (CNG) for power generation in 2022 and integrating solar power in 2023, BATN significantly reduced its greenhouse gas emissions and reliance on fossil fuels by 28 percent, with a target to be carbon neutral by 2030.

Besides, in 2020, BATN achieved a remarkable zero-waste-to-landfill milestone, demonstrating its commitment to responsible waste management and resource conservation. Recognising the importance of water security, BATN invested in a state-of-the-art water waste treatment plant. This 30,000-square-metre plant allows the company to recycle and reuse all its effluent wastewater, minimising its water footprint and environmental impact. These achievements showcase BATN’s dedication to operating in an environmentally responsible way. Its efforts contribute to a more sustainable future for Nigeria and the wider manufacturing industry.

Read also: FCCPC fines British American Tobacco Nigeria $110m for violations

Speaking about the organisation’s journey towards making a positive impact, Odiri Erewa-Meggison, FCIS, Director, External Affairs, BAT West and Central Africa, emphasised, “Our commitment to sustainable business practices extends beyond environmental concerns to encompass the well-being of the communities where we operate. Over the years, BAT Nigeria has been a catalyst for job creation, providing thousands of direct and indirect employment opportunities. The company’s commitment to diversity and skill development has not only strengthened our workforce but has also become a cornerstone for fostering innovation within the industry.”

British American Tobacco Nigeria’s 20-year investment journey in Ibadan reflects not only the company’s resilience but also the potential for foreign investments to thrive in Nigeria’s evolving economic landscape. The Ibadan factory stands as a symbol of sustained commitment, economic impact, and responsible corporate citizenship. As Nigeria continues to attract global investments, BAT Nigeria’s success story serves as an inspiration and a testament to the opportunities that lie within the heart of the African continent.

 

Olaoluwa Ibrahim writes from Ibadan.

[ad_2]

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Billionaires are buying more art, up 11%, but investment in impressionism writes the cheque – Lifestyle News

April 29, 2026 Art Investment

The true cost of owning a priceless painting- The Week

April 10, 2026 Art Investment

Should I buy art? – Offaly Live

April 9, 2026 Art Investment

Art investment is booming for the ultra-wealthy. But JPMorgan sees a few caveats for aspiring buyers.

April 4, 2026 Art Investment

Art Investing Is Booming: 3 Caveats for Wealthy Buyers, From JPMorgan

April 4, 2026 Art Investment

Canvas to capital: How art is becoming India’s new investment asset | Personal Finance

March 26, 2026 Art Investment
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

During Infrastructure Week, Governor Newsom announces $540 million investment to improve infrastructure statewide, connecting Californians to reliable and safe transportation – California State Portal | CA.gov

May 20, 2026 Investments 1 Min Read

[ad_1] During Infrastructure Week, Governor Newsom announces $540 million investment to improve infrastructure statewide, connecting…

Mexico Data Center Market Investment & Growth Report 2026-2031 Featuring Key DC Investors – AWS, Ascenty, Equinix, Google, HostDime, KIO, Mexico Telecom Partners, Microsoft, ODATA, Scala – Yahoo Finance UK

May 20, 2026

EU Opens Public Consultation to Review MiCA Cryptocurrency Regulations

May 20, 2026

What actually is ‘reasonable financial provision’ for the purposes of the Inheritance (Provision for Family and Dependants) Act 1975? McDaniel v Talbot & Anor [2026] EWHC 928 (Ch) – Today's Wills and Probate

May 20, 2026
Our Picks

During Infrastructure Week, Governor Newsom announces $540 million investment to improve infrastructure statewide, connecting Californians to reliable and safe transportation – California State Portal | CA.gov

May 20, 2026

Mexico Data Center Market Investment & Growth Report 2026-2031 Featuring Key DC Investors – AWS, Ascenty, Equinix, Google, HostDime, KIO, Mexico Telecom Partners, Microsoft, ODATA, Scala – Yahoo Finance UK

May 20, 2026

EU Opens Public Consultation to Review MiCA Cryptocurrency Regulations

May 20, 2026

What actually is ‘reasonable financial provision’ for the purposes of the Inheritance (Provision for Family and Dependants) Act 1975? McDaniel v Talbot & Anor [2026] EWHC 928 (Ch) – Today's Wills and Probate

May 20, 2026
Our Picks

UK finance ministry presses supermarkets to cap food prices, sources say

May 19, 2026

Welsh painter and art teacher has enjoyed a successful 14 months in Shetland, before recently receiving the dream offer of opening her own gallery in Fife

May 19, 2026

ChatGPT Can Now Access Your Bank Account — As OpenAI Expands Into Personal Finance

May 19, 2026
Latest updates

During Infrastructure Week, Governor Newsom announces $540 million investment to improve infrastructure statewide, connecting Californians to reliable and safe transportation – California State Portal | CA.gov

May 20, 2026

Mexico Data Center Market Investment & Growth Report 2026-2031 Featuring Key DC Investors – AWS, Ascenty, Equinix, Google, HostDime, KIO, Mexico Telecom Partners, Microsoft, ODATA, Scala – Yahoo Finance UK

May 20, 2026

EU Opens Public Consultation to Review MiCA Cryptocurrency Regulations

May 20, 2026
Weekly Updates

Dallas art gallery thMTHRshp aims to prove that ‘art is for all’

March 28, 2024

Chinese fraudster involved in world’s largest cryptocurrency seizure jailed

November 11, 2025

Migrant experiences and lives reflected in multi-artist multimedia exhibition in Hong Kong

May 26, 2024
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2026 Finance Pro

Type above and press Enter to search. Press Esc to cancel.