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Nairaland Forum / Nairaland / General / Politics / 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis (23273 Views)
‘I’ll Approve ₦250,000 Minimum Wage If Fuel Price Is Increased’ – Tinubu / Auto Makers Criticise FG As More Firms Shut Multi-Billion Naira Plants / 322 Nigerian Firms Shut Down In Between 2009 And 2014 – World Bank (2) (3) (4)
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Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by delerx(m): 7:45pm On May 03, 2019 |
They caused there own misfortune... But innocent workers would be the ones to suffer 2 Likes |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by yinkus6750(m): 7:46pm On May 03, 2019 |
Government is to make policies that will help solidify production and marketability of local products. They should look critically into the issue and find a way out. Increasing unemployment is a dangerous trend . 2 Likes |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by Nobody: 7:46pm On May 03, 2019 |
nwakibie3:J.F.C..... Aaah |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by delerx(m): 7:46pm On May 03, 2019 |
I thought they said Tinubu is the owner of Orientals 2 Likes |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by Mrkumareze(m): 7:48pm On May 03, 2019 |
So soon they won't be enamel bus stop at onitsha owerri rd |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by solutionsnow: 7:48pm On May 03, 2019 |
Can you see why govt preach entrepreneurship in Nig? They kill great companies and refuse to establish new ones. They keep the CBN and oil jobs for the elites and Npower and soap and chin-chin making entrepreneurship for the poor. Imagine if we have 15 functional refineries, 20 functional steel plants like Ajaokuta steel etc, unemployment would not be heard in Nig. Imagine if we have modern cattle ranches handled by our agric graduates as a result of government's help. I pray the prophecy of the coming recession will not come to pass. 3 Likes |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by Niyiboi: 7:49pm On May 03, 2019 |
Bet9ja4032:Be deceiving yourself there. Nobody can fall for ur $hitty scam.Get a life! 2 Likes |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by chloride6: 7:49pm On May 03, 2019 |
This news is actually old.. Wempco is on it's way to restarting production. 1 Like |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by Rolandonyi: 7:52pm On May 03, 2019 |
There are so many ways to tackle this issue. Let WEMCO look inwards on how to combat the imported goods. It's either they are exploiting Nigerians or their product is substandard. You don't know if they trying to create an unusual environment to exploit govt. Trust Indians at your peril, if you allow them this opportunity be ready for a surprise. Nigeria is our only country, for those of you shouting next level, politics is gone. Let us rebuild. I wish us well. 5 Likes 1 Share |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by masseratti: 7:52pm On May 03, 2019 |
I thought Tinubu owned Orientals hotel, meanwhile the management of the firm have themselves to blame for abusing their privileges, importing instead of manufacturing locally, the government also share in the blame, Nigerian borders are too porous, it's high time we give our neighboring countries the Trump treatment, they batter aid in stopping smuggled goods or we close our borders. 6 Likes |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by DRSEGUNBABA: 7:52pm On May 03, 2019 |
Mad people they gave sole right to one company killing competition. Also why will SON be regulating nonsense opening the room for cheaper products flooding the market. SON is the biggest Killer of business in Nigeria |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by Nettoyage(m): 7:55pm On May 03, 2019 |
Why didn't they produce when they were given waivers instead they chose to import heavily and made many fraudulently. Now they are crying wolf. This is no fault of government at all. Now they are being forced to do the right thing,they want to blackmail the government 1 Like |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by babzo(m): 7:58pm On May 03, 2019 |
I thought they said Tinubu owns that hotel and was selling because he is broke. So its Chinese people that own the Oriental Hotel? 1 Like |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by Shikini: 7:58pm On May 03, 2019 |
Chukazu: I dey tell you |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by Mactons(m): 7:59pm On May 03, 2019 |
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Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by BigBashiru: 8:00pm On May 03, 2019 |
Shameless black man. Shameless black nations. Always producing shit holes. |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by Rolings: 8:03pm On May 03, 2019 |
socialmediaman: You didn't read the story or decided to ignore the part where it said the company abused the waivers granted it, instead of producing sheets locally and developing local capacity in that regard they instead imported heavily and the voodoo economics of pdp era allowed that to go on .... If they had developed local capacity they will not be affected by forex because they will not need it and rather export and make forex for Nigeria. Anyone who don't want to see any difference in pmb second term are free to go elsewhere 9 Likes 2 Shares |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by chinedu234(m): 8:17pm On May 03, 2019 |
OlujobaSamuel:A simple economic reasoning will inform you that there are thousands of employees in this organization. 2. That the company preferred importation to local production speaks volumes of the economic environment. 3. That customers have their monies trapped in the banks tells of innocent people cut by the enemy fire and economically incapacitated.4. That smuggled goods are forcing out local products is nothing but transmission of employment from Nigeria to foreign lands. You should also go to the gigantic factory structures of this organization in mowe to evaluate the site that is presently being overgrown by weeds. 3 Likes |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by qanda: 8:18pm On May 03, 2019 |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by Lifestyleof9ja(m): 8:31pm On May 03, 2019 |
i came across this book on appstore. its titled 1000 practical business idea and directory of money sources. i think it will be of help to people who needs jobs or side hustle here is the link https://play.google.com/store/apps/details?id=com.sunkanmivaughan.bizdir 1 Share
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Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by SOFTENGR: 8:33pm On May 03, 2019 |
I'm chilling with a bottle of beer. I can not come and kee masef for this change wey dey enter next level. Bar man! Giv me one more botul |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by gabng(m): 8:33pm On May 03, 2019 |
You are confirmation that lack of comprehension & objective biased mindset is a growing problem for a country like Nigeria. socialmediaman: |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by gabng(m): 8:35pm On May 03, 2019 |
The clarity of the real ownership of the hotel just hit home? delerx: |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by Lifestyleof9ja(m): 8:36pm On May 03, 2019 |
I came across this book on appstore it is titled 1000 practical business ideas and directory of money sources. I think it will be of help to people who dont have a job and probably a side hustle. Here is the link https://play.google.com/store/apps/details?id=com.sunkanmivaughan.bizdir
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Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by meekparagon(m): 8:37pm On May 03, 2019 |
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Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by OlujobaSamuel: 8:37pm On May 03, 2019 |
chinedu234:The 250k are not direct labour/employees of the firm, it comprises of their customers (other companies) also, these others companies stopped buying from them because they see it as better alternative. The company internal policies affected them not the govt. No need to import facts and assumptions unknown, treat the stated facts in the report as it is. We all know we have unfavorable economic environment in Nigeria, but if you choose to endure and get govt support, pls stick to the terms, why use scarce fx you got for production to start importing in an industry you have sole monopolistic right? 5 Likes |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by Afospecialk: 8:44pm On May 03, 2019 |
All IPOB didnt read comprehensively bf they start dropping devastating comments Government ar only trying to compel them to make use of local made materials therefore ameliorate the magnitude of sales for local made materials If America must import materials from other countries before they can utilize them into final production it means they ar left with no option but refers is d case here where we hav local made rice yet still patronizing exotic rice through smuggling just bcs they want to make quick profit at the expense of the growth of Nigeria economy 5 Likes |
Re: 19 Firms Shut, 250,000 Jobs Threatened By WEMPCO Crisis by OKOOMOGE: 8:47pm On May 03, 2019 |
When all these firms are chopping money they won't publicise it. But any small gbege them go they cry make the whole world hear. 1 Like |
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