The score reflects Baladna’s high domestic expenditure on local procurement, workforce training, and investment in fixed assets.
The significant 229% increase in net profit is mainly attributed to substantial gains from its international investments and portfolio diversification.
These agreements mark the official start of this strategic investment, aimed at enhancing food security and reducing reliance on imports, contributing positively to the national economy.
The move is expected to significantly boost Nigeria’s domestic dairy production, reduce reliance on imports, and create thousands of jobs.
The company attributed the gains to new product launches alongside successful marketing campaigns that boosted market share.