Nestle Nigeria’s revenue from exported products fell by N1.76 billion or 87.3 per cent between January to March 2023, Ripples Nigeria has learnt.
The company is the producer of beverage goods; Milo, Chocomilo, Nescafe, Milo ready-to-drink (RTD) and Nestlé Pure Life, as well as food products; Maggi, Cerelac, Nan, Lactogen and Golden Morn.
Ripples Nigeria gathered that these products earned N256.60 million from export in the first quarter (Q1) of this year, failing to surpass the N2.02 billion generated from export in the same period in 2022.
