Operational Resilience Drives Growth at Unilever Nigeria, Says Bolaji Balogun

Bolaji Balogun, Chairman of Unilever Nigeria Plc, said that operational resilience was a key factor behind the company’s growth in the 2025 financial year.

After shareholders approved dividends at the company’s Annual General Meeting in Lagos, Balogun announced that each shareholder will receive a final dividend of N3.25 k per share, in addition to the interim dividend of N50 k per share already paid earlier this year. The total dividend payout for 2025 therefore amounts to N3.75 k per share.

Financial results show a turnover of N214.30 billion for the year, up from N149.52 billion in 2024. Profit also more than doubled, reaching N32.20 billion compared with N15.14 billion in 2024.

Managing Director Tobi Adeniyi attributed the strong performance to disciplined daily operations and the use of power brands to differentiate in the market.

“This performance was driven by a strategic focus on high‑growth categories and power brands, supported by sharper choices, simplified ways of working, and a stronger innovation pipeline,” he said.

Finance Director Ibrahim Sodipe added that the company’s consistent performance over the past five years has produced volume growth, driven by innovation and operational efficiency, and has improved shareholder returns.