Ovaltine to open $32 million first Africa plant in Nigeria

Twinings Ovaltine, the British beverage maker, plans to open a £24 million ($32 million) manufacturing facility in Lagos, expanding its footprint in West Africa and deepening trade ties between Nigeria and the United Kingdom.

The project forms part of broader commercial engagements between both countries aimed at boosting investment and industrial growth. 

The new plant is expected to create more than 100 direct jobs and support exports across the region, according to a statement from the UK Department for Business and Trade.

The company said the Lagos facility will serve as a hub for supplying Ovaltine products to neighboring markets, positioning Nigeria as a key base for its operations in West Africa.

Investment signals confidence in Nigeria

The planned factory marks one of the company’s first major capital investments on the continent, underscoring Nigeria’s importance as a consumer market for global food and beverage brands.

Peter Kyle, the UK’s secretary of state for business and trade, said the move reflects growing economic ties between both countries and the role of private investment in driving job creation.

“With Nigerian firms creating jobs across the UK and British businesses expanding into one of the world’s fastest-growing markets, our partnership is strengthening both economies and delivering real benefits for people in both countries,” Kyle said.

Analysts say rising consumer demand, a large population and access to regional markets continue to attract foreign manufacturers to Nigeria despite persistent challenges such as infrastructure gaps and currency pressures.

A long-standing global brand

Ovaltine, a malt-based drink first developed in Switzerland in 1904, is widely consumed as a chocolate-flavored beverage mixed with milk or water. The product is fortified with vitamins and minerals, including vitamins A, D and B, as well as calcium.

Known for its smooth, creamy taste, the drink has built a loyal following across generations and is often associated with comfort, particularly when served warm.

The Lagos plant is expected to bring production closer to consumers in Africa, reduce reliance on imports and improve supply across the region as demand for packaged food and beverages continues to grow.