Winco foam boss laments hardship accessing foreign currencies by manufacturers

Titus Maduako Eleweke


Chief Executive Officer CEO of Winco foam Nigeria limited Dr Godwin Okafor has lamented the increasing hardships faced by the manufacturers in accessing foreign exchange in Nigeria.

Dr Okafor stated this at the weekend when he took some journalist on facility your around his factory site in Awka Anambra State capital .
According to him, the manufacturing companies are bleeding and finding it diffcult in getting foreign currencies at affordable to buys raw materials.

He said that if some thing is not done urgently to cohesion the hardship many companies will close down,while most foreign companies will have no option than to relocate to other countries.

"We have serious problem accessing foreign currencies. We want government to assist us, the manufacturers to get dollars at affordable rate. We are seeing hell to access dollars in Nigeria. We want government to do some thing about dollars and if something is not done urgently many companies will close down and foreign ones will relocate" he said .
He also stated that Winco foam Nigeria limited imported waste foam for raw materials from China to support the little ones sourced locally in Nigeria.
According to him,they crushed the waste foam in machine and processed into blocks before splitting into foam sizes.

He disclosed that Winco foam Nigeria limited produces over 1000 metric tones of foam every year, noting that they tried to ensure that there are enough raw materials at all time .
"We produce over 1000 metric tones of Winco foam every year. You can see the raw materials evey where around " he said .
He also urged president Bola Ahmed Tinubu to properly manage the nation's economy as he did as the governor of Lagos state.