Omooba77:


The raw material or machineries do you have them handy,Oga please use your sapiem God bless

free2ryhme:
These firm has added to the unemployment rate with their exist from the Nigerian market.

Buhari has killed the economy

theophorus:



Machinery are never purchased in Short-run.

Good Economy don't rely on importation of Raw materials...

That's why I urge them to give Us a list of their product.

Thanks for being Cultured with your comment.

May you get more of such comments in real Life.
Thanks.

realunclej:
Most of these Businesses do not have risk assessment policy in place and it is one of the many factors affecting Nigeria businesses especially the small scale ones.

theophorus:
272 Ghost manufacturing Firms.


When you manufacture from scratch you don't really have to deal with forex problem but when you import and repackage then you are in for it.

and please we would like to have a list of the Firms, their product and staff strength.

#Thanks.

agbalej:
It shall be well again.

Zedoo:

Utc shut down? Omg!

activeguy:
272 firms shut down after one year


That means the whole of Nigeria wud be shutting down by 2019..

God what did we do to deserve all these.??

theophorus:
272 Ghost manufacturing Firms.


When you manufacture from scratch you don't really have to deal with forex problem but when you import and repackage then you are in for it.

and please we would like to have a list of the Firms, their product and staff strength.

#Thanks.

GeeOh:
just wondering how Indians and Chinese succeed in business in our own country but yet we complain no light,no road,even no customer,am not supporting the govt but wish we could do better than them, also o don't like the way they threat our people in the name of offering them jobs

BraniacX:
B[ usiness U nder H ard A nd R eally I diotic leadership

theophorus:
272 Ghost manufacturing Firms.


When you manufacture from scratch you don't really have to deal with forex problem but when you import and repackage then you are in for it.

and please we would like to have a list of the Firms, their product and staff strength.

#Thanks.

Reference:
Meanwhile Presco has back orders up to 2017 and Nigerians cannot connect the dots. We as a people are so useless. Nothing I can say. My economy is detached from Nigeria's because my mentality is so different. If we cannot connect the dots we deserve every suffering we experience. Can you imagine if this scenario played out in China, they will ĺive out the poverty until they meet sufficiency. We on the other hand are not hardworking and weak willed. Let those out of jobs go get the palm oil and those companies out of business invest in palm oil production, simple. You will be surprised that local oil palm producers are complaining of low sales and low prices. Nigeria is such a wierd country.

Guliver:
so am FTC.after yrs on nairaland.run like yekini into the net,hold the net, tearing the net,yea I made t.oya seun I need my bank alert quickly.

Yyeske:
Most of you posting here have easily forgotten that since ours is an import dependent economy, coupled with the low reserve and oil price, this was bound to happen. Even with the restriction on sourcing for dollars for our imports, our reserves still fell to $25 billion recently. If we had continued with unfettered access to dollars as before, our reserve could be $0 by November and where do we access dollars we need when dollars for imports is now greater than that from exports.
This was bound to happen because the previous administration didn't save enough or restructure the economy even after being warned of this situation playing out at the moment.
The only option now if we are to continue the free access to dollars as before is to go cap in hand to the IMF and world bank for dollar loans but remember IBB's SAP.

tempest01:
Bbm

Good point....but you can't have all raw materials in your country, and all technology.

There should be a study to know products which raw materials are available in the country our it's substitute before restricting such from fires. This is cause an inward investment in these raw materials. There should also be grants and waivers in place for companies to utilize local materials in production.

Omeny:


It is pathetic bro.
They didn't only shut-down,they refused to pay us.
It's not be easy in the streets my brother.

Danhumprey:
Buhari,why?

metalDETECTED:
King NeBUHARInedzzar the DOG reigneth

theophorus:
272 Ghost manufacturing Firms.


When you manufacture from scratch you don't really have to deal with forex problem but when you import and repackage then you are in for it.

and please we would like to have a list of the Firms, their product and staff strength.

#Thanks.

Reference:
Meanwhile Presco has back orders up to 2017 and Nigerians cannot connect the dots. We as a people are so useless. Nothing I can say. My economy is detached from Nigeria's because my mentality is so different. If we cannot connect the dots we deserve every suffering we experience. Can you imagine if this scenario played out in China, they will ĺive out the poverty until they meet sufficiency. We on the other hand are not hardworking and weak willed. Let those out of jobs go get the palm oil and those companies out of business invest in palm oil production, simple. You will be surprised that local oil palm producers are complaining of low sales and low prices. Nigeria is such a wierd country.

GeeOh:
just wondering how Indians and Chinese succeed in business in our own country but yet we complain no light,no road,even no customer,am not supporting the govt but wish we could do better than them,also o don't like the way they threat our people in the name of offering them jobs