Nestlé signs MoU with Nigeria to strengthen nutrition

NIGERIA – Nestlé has signed a landmark Memorandum of Understanding (MoU) with Nigeria’s Federal Government to strengthen nutrition delivery and dairy sector development.

Nestlé will collaborate with government agencies to train dairy farmers in modern practices, genetics, and feed management; expand milk collection centres to ensure reliable supply chains; support nutrition programs targeting schoolchildren and vulnerable households; and promote climate-smart agriculture to safeguard dairy production against drought and feed shortages.

At the Nestlé for Good Summit 2026 in Lagos, Managing Director Wassim Elhusseini laid out a 62-year bet on Nigeria that now stretches from grain fields in the North to dairy cooperatives in the Middle Belt and into urban kitchens with new products like NIDO Milk & Soya, ODIMEGWU ONWUMERE examines.

He stated that more than 2,000 pastoralists were trained, 83 dairy cooperatives were established, over 1.5 million litres of raw milk were aggregated, and 36,744 cattle were vaccinated. Average monthly incomes for producers have moved from about US$73.15 (₦70,000) to US$261.25 (₦250,000).

Nestlé confirmed that it has already invested US$1.4 million (₦1.8 billion) in dairy development since 2019, focusing on climate-smart agriculture, youth empowerment, and sustainable supply chains.

According to data, in 2024, UNICEF counted 11 million Nigerian children under five living in severe child food poverty.

Nestlé Nigeria reports US$885M revenue in full year 2025

The company reported a revenue of US$885 million (N1.21 trillion), while gross profit rose 42 percent to US$319 million (N435.9 billion) in full year 2025.

The maker of Maggi cubes and Milo posted net income of US$77 million (N104.97 billion), according to its audited statement. Profit before tax stood at US$122 million (N166.85 billion), driven by pricing power as by relief below the operating line.

EBITDA was approximately US$194 million (N264.5 billion), reflecting strong operational cash flow generation. Net Assets: Returned to a positive position of US$9.45 million (N12.9 billion) from a negative position of US$67.6 million (N92.3 billion) in 2024.

Total liabilities remained elevated at US$610 million (N833.3 billion), exceeding total assets of US$620 million (N846.2 billion) by only a narrow margin of equity. Non-current borrowings alone stood at US$331 million (N452.3 billion).

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