By Providence Obuh

Bayer AG has floated a subsidiary company in Nigeria to support its investment interests in Nigeria. Bayer is a global enterprise with core competencies in the areas of health care, agriculture and high-tech polymer materials.

Speaking during the inauguration of Bayer Middle Africa Limited in Lagos, Member, Board of Management of Bayer, Mr. Michael König, said that the aim of the subsidiary is to support and develop the businesses of the three sub-groups of Bayer in the country, and to enable her serve her customers in Nigeria better.

König disclosed that the company currently has more than 20 employees and is planning to grow to over 30 employees by the end of 2015 in the country with over 1000 employees across the African continent.

Commissioner for Commerce and Industry, Lagos State, Mrs. Olusola Oworu, said that the establishment of the subsidiary in the state is a blessing to the nation and its economic fortunes in terms of improved healthcare and qualitative living standard.