₦airaland Forum

Dominique lalasticlala seun mynd44

In 1971, General Yakubu Gowon, then military ruler of a Nigeria recently emerged from a devastating civil war, established the National Steel Development Authority (NSDA) to harness yet another of Nigeria’s numerous natural resource blessings: an estimated five billion tonnes of iron ore reserves. Gowon had hoped that his actions would set Nigeria on the path towards becoming a present-day global steel producer and an industrial player. However, over four decades later, Nigeria’s iron ore deposits remain largely untapped, a legacy of easy oil, and the steel industry is all but non-existent. Nigeria presently imports 90 percent of the roughly six million tonnes of steel it consumes annually from countries like China and the Ukraine. The impact is felt down the value chain, increasing the price of metal goods in Nigeria, slowing the pace of industrialisation and fuelling unemployment.

Though devastating for Nigeria’s economy, this adversity was an inspiration for Alhaji Kamoru Yusuf and his wife Bolanle, the brains behind Nigeria’s first independently owned cold roll steel complex, which they are building in Illorin, the capital of Kwara State.

“The scrap material I use in making roof nail caps goes for around N50 [30 cents] per tonne in China. In Nigeria, they cost me N25,000 [$160]. I couldn’t compete successfully. I had to set up a factory in China to acquire scrap cheaply,” a smiling and now successful Alhaji Kamoru Yusuf says, reclining in his black leather office chair. His massive office overlooks the new white and blue steel plant in the large factory compound with warehouses holding rows and rows of nail-making machines. In many ways, the steel plant is his way of providing a local solution to his supply chain problems.

Alhaji Kamoru Yusuf, affectionately known as ‘Kam’, ‘Kam wire,’ or ‘Kamal’ to the locals of Kwara State, is the founder and CEO of Kam Industries, a strong contender for the title of Nigeria’s largest independently owned nail and wire-producing company. It produces different types of nails in addition to wire mesh for concrete reinforcement, binding wires and roofing sheets, as well as other building materials.

The company has five factories in Illorin, the capital of Kwara state, and a granite quarry just outside of the small city. Over a million bags of nails and 1.3 million tonnes of roofing sheets pour out of Kam’s factories to supply builders in Nigeria and West Africa. The 47-year-old, self-taught engineer and self-made multimillionaire has, with the support of his wife, turned a N10,000 advance he received on finishing a trading apprenticeship in 1987 into a $300-million industrial conglomerate. And he has done so without political connections or even a high school education. Bolanle Yusuf attributes the rise of Kam Industries to aggressive manufacturing, hard work and good old-fashioned entrepreneurship.

Kam’s trademark is a pair of black, plastic-rimmed glasses. His vision has been impaired by years of welding work – a skill he combined with what Bolanle stresses is an exceptionally brilliant imagination to design and construct several metal processing machines for producing nails – often using spare parts from trucks. After studying German designs, he would forge the bodies, purchase engines that he couldn’t produce himself, and then assemble machine after machine.

Kam’s desire to design and produce is almost compulsive. “Anytime I attend steel wire exhibitions, I go there to spy technology, check each country’s design, how they design it, and get the catalogue,” he says. “I investigate how to redesign them to work for Nigeria. I go to so many factories to study their operations. While people are running around trying to get a PhD certificate, I’m travelling round the world to get the knowledge of the masters.”

During a visit to one of the Kam Industries factory sites, situated along a dusty strip of road leading out of Illorin’s industrial zone, Kam is keen to show the very first nail filing machines he constructed almost 20 years ago, which are still in regular use. In another section, he pauses before the first of four nine-foot-deep furnaces, used for softening wire rods, placed into the ground. Kam admits the first oven – his own design – is not as elegant as the other three imported from Italy, but it is functional.

“When I began travelling abroad I visited a factory in Italy where I saw a 1,000 degrees-Celsius capacity electric furnace which cost a fortune. The electric furnace could help me expand my business from nail production to making reinforcement wire meshes, so I made a sketch of it and studied the components. When I returned to Nigeria I bought the components I could find, gave the dimension[s] of the electric furnace to makers of trucks used in transporting petrol and instructed them to roll the plate for me like a fuel tank. I bought the bricks and got a bricklayer to shape them according to the sketch. I had purchased the heating elements abroad. We also developed an electric panel to operate the furnace [as] I had observed in Italy. And it worked!” Kam made two such furnaces before finally raising the capital to import the Italian versions. He still uses the first furnace he created, while the second has been decommissioned and is kept as memorabilia. Like the Chinese he greatly admires, Kam has pursued technology duplication as his strategy for increased productivity.

http://venturesafrica.com/bonds-of-steel-kam-industries-a-new-mega-factory-for-nigeria/

Anambralstson:
Can you show me the Chinese license Innoson is under

www.nairaland.com/5368387/innoson-ivm-g80-rebadged-chinese-made?iorg_service_id_internal=1646953538912597%3BAfqZSmY1MiLWAKSe

This is it
Omo na still China made
If it wasn't China
Who knows where u people will be now

Anambralstson:
Can you show me the Chinese license Innoson is under

The ivm G90 that was posted here on Nairaland by autojosh,the exact same copy was found in China
I will go and look for the nairaland article
I should have saved it

Anambralstson:
Ignorant minds major dealers of Toyota vehicles in Nigeria are Elezade
Globe Motors
RT Briscoe

Number one auto dealer in Nigeria is Coscharies.

Ipob tout
Elizade is also Michael Ade ojo
I saw the news on channels when he opened the JAC assembly plant in Lagos
Its only in luxury cars that coscharies have mouth
Even those that buy his cars are majority yorubas
Bolu akin olugbade was the one who bought that very expensive rolls Royce from him
U think I don't know my onions

IdioticNLmods:
I hope those successful yoruba women or men gives a fück about you kid.

Ok

Anambralstson:
Which Yoruba company JAC is a Chinese state-owned automobile company.

Innoson is producing under license from a Chinese company, ipob tout
Jac assembly plant in Lagos is owned by Michael Ade ojo
He owns the Nigerian franchise,
I'm not saying he owns all of the company
Just the Nigerian branch and assembly company

IdioticNLmods:
Your first post was made as a subtle jab towards innoson and igbos as a whole. Stop acting daft! I know your type. Insecure jealous being

I'm an atheist
I swear to whatever u worship
I'm not talking about Igbos or innoson
The guy that quoted me was Yoruba and wanted to bring innoson to the discussion
U could see I quickly turned him down
I'm just happy for yoruba businesses, that's all

olajizz01:
But the fact remains that Oyetola is paying wages as at when due,so no one can say they are broke.

Ok

olajizz01:
Then,let his father take care of osun wages and salaries for just 12months,if he wasn't shaken then we will now believe the brat boy.

That was how he forced some people to believed he(Davido) has 30billions for his acc.

Wetin concern me with Davido
I'm just stating a fact

OlujobaSamuel:
A n wi ru, ọ nwi iru.

I research a lot
Trust me,the data I have is not looking very good for Yoruba land
I'm very heart broken about this

obembet:
All this tribal war will end one day

Its never going to end

Postanalyser:
JAC now a Yoruba company? Smh

He is the one controlling the car company in Nigeria
Its his investments
He technically owns JAC Nigeria
But not the real JAC company

Harlem2:
What am trying to explain is

Wike patronize a Yoruba man instead of innoson

I don't care
All I'm happy about is the success of a Yoruba man or woman business
I've been noticing those JAC cars, that's all
Toyota and JAC are doing very well in Nigeria
Michael Ade ojo controls them
That's all I'm trying to point out

Elemosho478:
Stop talking like an slowpoke

You talk like someone with low IQ

Ok

Elemosho478:
Shut up your mouth

So how much do you have in your account?

What is me having money in my account have to do with this
I'm talking about the implications of what these things are doing to Yoruba land,u are asking my bank account
This is y I don't follow any political party

OlujobaSamuel:
It's not a yoruba leader stuff alone as far as Nigeria is concerned, our politicians are chronic liars and most times, bad financial managers.
That said, "a kin fi gbese si òrun se eso" (you don't hang debt on your neck like jewelry), so no Osun reasonable indigene is proud or should be proud of the state debt status, also we should not let the foolish ones from the state to start insulting us because they weren't allowed to have their own bad management art implemented(I see nothing reasonable his uncle could have done as a state governor if he had been given the mandate) in the state.

Never compare yourself to other
I want the best for Yoruba land
I'm going to say as it is
Yoruba's don't have leaders
Forget Lagos
What concern me with Lagos
Rubbish

Angelfrost:
How do you mean sir? What tribe has led Lagos since time immemorial?...

Can we use Abia and IMO states to conclude that Igbos are not worthy or qualified to lead?... While at it, can we use Goodluck Jonathan's stint in office to tar or taint every Niger Deltan?... Is Buhari enough to write off Northerners with regards to leadership?....

Hmmmmm (sighs)
I'm done talking with u

Harlem2:
So wike did not patronize innoson
Chai
.
.
Prove please

Wetin concern me with innoson
When did I mention innoson?
I'm talking about a Yoruba company and talking about it,what concerns me with innoson

OlujobaSamuel:
Huge debt doesn't translate to lack of wealth.
If Osun is a company and it's to be liquidated today, will it be able to offset its financial obligations? The ans is yes.
Tinubu, IBB, Danjuma combined can't be worth the Net Value of Osun state.
Davido is a kid and he is only showing traits of same.

Lol
NBS released a GDP figure
Osun was battling with ekiti and ebonyi poorest Igbo state
Here is the numbers
Osun GDP : 1.47 trillion
Ekiti poorest Yoruba state GDP: 1.39 trillion
Ebonyi poorest Igbo state GDP : 1.36 trillion
See who osun is comparing with

Did u guys notice those JAC logo on those motors
Michael Ade ojo assemblems JAC cars in Nigeria
JAC cars are the best sellers in Nigeria
Even wike bought those cars for rivers state

HAKYN1:
You are a Yoruba person but not reasonable, that boy is not saying anything sensible

Forget davido,who has his time
I'm talking about reality here
I'm talking about how Yoruba leaders behave
Yoruba leaders lie,Yoruba's don't have leaders
Osun has infrastructures,yes
But osun debt is too much
But the reason y the debt is too much is because of poor leadership
Yoruba's don't have leaders

Simplyleo:
This spoilt brat again?

40 yrs?

I'm a Yoruba person
Babajide of tvc news said osun is broke
Tinubu said he is richer than osun
Blame dumb leaders that made osun to go broke
Thats the harsh truth
Osun is broke and poor

Davash222:
So, you’re saying your over rated dad is richer than State of Osun

Osun is technically broke and poor
That's the harsh truth

stormborn28:
just read what an intelligent person wrote..





) by Welrez(m): 1:39pm
I seriously think we need to rethink our foreign policy. Taking Africa as the centrepiece of our foreign policy has not paid off. I am saddened!

So what does that mean
I no get am

Isoduwa:
See your life




Imagine SA person go come list Nigerian companies and their address come talk say nobody should touch those companies in Zulu land

I no care
I actually research and I know what the south African are going through

Ritchiee:
Maybe you are new here. Yorubas have the largest industries home and abroad .

Name them for me .
Please I've been looking all over the net and it's hard

BruncleZuma:


South African Companies in Nigeria

1 MTN http://www.mtnonline.com/ Golden Plaza Building,, Awolowo Rd, Falomo, Lagos, Nigeria
2 Power Giant
3 Eskom Nigeria www.eskomplc.com Plot 19, Aminu Kano Crescent, Wuse II, Abuja.
4 South African Airway www.flysaa.com
5 South African Breweries (SAB miller)
6 Stanbic Merchant Bank of Nigeria
7 Multichoice https://www.multichoice.co.za/ 56, Shogbamu Street, Iyana-Oworo, Bariga, Lagos, Lagos, Lagos, Nigeria
8 Umgeni Water www.umgeni.co.za/
9 Refresh products www.refreshbrand.com
10 PEP Retail Stores www.pepstores.com
11 Shoprite www.shoprite.com
12 LTA Construction www.grinaker-lta.com
13 Protea Hotels protea.marriott.com
14 Critical Rescue International www.crinigeria.com
15 South African-Nigeria Communications
16 Global Outdoor Semces www.gosafrica.com/
17 Oracle www.oracle.com/
18 Airtime
19 DSTV

Nobody should touch those companies in Yoruba land

TundeBricklayer:
They acquired Rice mill in Rivers state dumbo

So all the industry in anambra was built from scratch by anambra people?
No be importation of machine equipment from China
Abi na them make all those machines