Business
Manufacturer Tasks FG On Local Raw Materials Production
A manufacturer, Mr Jayendra Dube has called on the Federal Government to invest in the production of rubber and cotton to boost local sources of raw materials.
Dube, who is the Business Development Manager, Trust Pads, Aba, made the call in an interview with newsmen in Aba, Tuesday.
He said improved production of local raw materials would reduce the cost of importing them by local manufacturers from abroad, adding that it would also protect industries and conserve foreign exchange.
Dube said that Nigeria could do better in the production of such products, because it has forest zones that could grow the products and compete with China, Australia and Indonesia favourably.
He said that his company, which has about five per cent market share of the pad market in Nigeria, had been burdened with sourcing 70 per cent of its raw materials abroad.
The manufacturer noted that if the volume of materials sourced locally increased, his company would be able to produce more pads at lower rates and compete favourably with imported pad products.
He said that the company, which has 90 per cent Nigerians as employees, has plans to make cheaper pads if it could source 100 per cent of its raw materials locally.
Dube said that the devaluation of naira had affected the cost of production and reduced their gains and threatening their existence.
He also said that irregular power supply had made the company to depend on generators which increased the cost of production.
“Imported products in this area are very many and to compete with them is becoming very difficult for us.
“We urge the Federal Government to help by supporting local raw materials production.
“What is keeping us is that we are maintaining the quality of our products, no matter the hardship which has earned us brand loyalty from those buying it,” he said.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime3 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime3 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime3 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime3 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime3 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics3 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports3 days ago
Bournemouth, Newcastle Share Points
-
Sports3 days ago
Zidane’s Son Switches Allegiance To Algeria