American multinational corporation to expand into West Africa

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The Dow Chemical Company, an American multinational corporation which is the second largest chemical manufacturer in the world by revenue, announced its appointment of Mr. Edosa Obayagbona to help expand its operations into the West African region through Nigeria.

The company, which hired Obayagbona to head its operations and the expansion drive, said it would build on its success in Nigeria over the last six years to expand into the region and expects Obayagbona to lead the organisation through the next level of growth in the region.

A statement released by the company explained that West Africa was key to its African growth ambition which was anchored by the strong economic potential; increasing regional economic integration; government-led drive for diversification; high access to mobile technology and a young, entrepreneurial demographic.

The company noted that these have potential to spark an accelerated industrial revolution and support the growth trajectory of the region with scientific and technological expertise, as well as talent development in line with the region’s vision for infrastructure development and economic success.

The statement revealed that the company could enhance the economic growth of the region by delivering value to its economic diversification; manufacturing growth; technology; and food and energy security.

The statement said Obayagbona was previously the Chief Financial Officer (CFO) for Dow Chemical’s India Subcontinent Region, and would replace Tony Groosman who retired earlier this year.

In the new role, the company said Obayagbona, would also serve as the CFO and oversee all financial matters in Sub Sahara Africa for Dow Chemical, adding that he has more than 20 years of global experience in the job, starting out from being a summer intern in 1999 at Dow.

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