No Plans To Leave Nigeria, Says PZ

Conglomerate giant PZ Cussons Nigeria Plc says it is not planning on leaving Nigeria and that claims of its departure from the country is totally false and baseless and should be disregarded.

The Chief Executive Officer (CEO) of PZ Cussons Mr. Christos Giannopoulos disclosed this in a statement issued on Friday. He said “the trading statement issued to the London Stock Exchange was clear on our continued operations in Nigeria ‘Whilst these conditions prevail, we will maintain our strong market shares in key product categories in Nigeria until growth returns to the market.”

Christos Giannopoulos said that “this year 2019, we are celebrating 120 years anniversary of PZ Cussons making life better and adding value to Nigerians. We have faced different conditions and come out stronger at the end in our 120 years of doing business in Nigeria.”

He confirmed to company’s consumers, employees, business partners and stakeholders that “Nigeria still remains a market of interest for us and have made no plans to leave Nigeria. Our factories in Ikorodu, Aba and all our distribution centres around the country are operational and will continue to be.”

Different social media platforms went abuzz on Thursday with news that PZ Cussons had concluded plans “to leave Nigeria as a result of the tough condition”. The PZ boss described this media buzz as “totally false and misleading and creates the impression that PZ has decided to leave Nigeria