Nestle Ramps Up Nigeria Raw Material Sourcing As Forex Squeeze Bites Harder
LAGOS JUNE 26TH (NEWSRANGERS)-Food giant Nestle’s businesses in Nigeria and other African countries are ramping up sourcing of local raw materials like starch and turmeric, a move that may help reduce foreign exchange exposure that has been a headache for the sector. In the wake of the COVID-19 pandemic and the supply chain problems it…