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Dunlop Is Returning To Local Manufacturing In Nigeria! - Investment - Nairaland

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Dunlop Is Returning To Local Manufacturing In Nigeria! by kcub: 10:22am On Feb 15, 2019
��```Dunlop is Returning to Local Manufacturing in Nigeria!

Obasanjo and Atiku's policy killed Dunlop in 2005 after the company had invested $50m in new project. Obasanjo/Atiku in 2006 introduced a policy that reduced tariff on imported tyres from 40% to 10%.

Imported tyres from China flooded the market and that was the end of Dunlop. Dunlop struggled till it shut down in 2008 with attendant loss of investment and jobs for workers.

So when next Atiku talks about jobs and creating jobs tell him before you vote on Saturday that together with Obasanjo they actually killed jobs in manufacturing sector with bad policies.

It is same container economy Atiku and Obi are articulating. They want to open our borders to all manners of importation from China, Europe and America while Buhari's policy is promoting local production of what we use to create the jobs we need.

While Atiku and Obasanjo killed Dunlop, Buhari is working with Dunlop to revive their operations in Nigeria again.

The current administration is working with Dunlop to remove policies and inhibitions that killed local tyre production in Nigeria. The FG is sending a new automotive policy for legislation to the National Assembly that will boost local tyre production working with Dunlop.

On the basis of this, Dunlop has developed 10-year strategic business plan that will make it return to local manufacturing in Nigeria.

While you plan to vote on Saturday, Vote for Buhari that is reviving industries and promoting local manufacturing. Dont vote for looters whose policies only promoted container economy.```

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