Minnesota Nigeria Limited (R.C. 14977) began life on May 13th 1975, with an authorized share capital of =N=65,000, and a 40% Nigerian equity holding. In 1978, in compliance with the indigenisation Decree, the Nigerian shareholding was increased to 60%, with the 3M Corporation the largest single shareholder at 40%. In January 1995, 3M Corporation divested its 40% shareholding due to the political, economic and adverse trading conditions in Nigeria.
3M, through a technical agreement, continues to support the company in all its endeavors. The company has been under the chairmanship of Chief (Dr) Chris O. Ogunbanjo (OFR) since its inception in 1975. At the 1998 AGM, authorized share capital of the company was increased to =N=25 Million.
To establish a dominant position as the preferred supplier in the key sectors of the economy that we serve. To develop domestic and offshore sales of additional relevant 3M products. This commitment must drive our local offerings such that our standard far exceeds the expectations of our customers.
Minnesota Nigeria Limited is commited to continually manufacture through its Converting Facility, products that meet 3M and International Standards. It is this total commitment that must drive our local offerings such that our standard far exceeds the expectations of our customers.