₦airaland Forum

Raydos:
Anyone know the year this disease happened?

2006-2007. Killed a lot of people in the West. Africa didn't really take a big hit. A family member of mine got it, almost died and was healed by Septrin syrup. Soon as he took it, he puked a greenish/partially-blue fluid.

Nigeria's industrial revolution happened in the 70s and early 80s.

Come to Anambra, especially Onitsha and its surroundings and see relics of massive production industries set up by entrepreneurial People's club members after the civil war. The industries have all collapsed. I wept when I saw the relics of the Olympics company at Abagana when I went for a burial function. The Olympic drinks was founded by Sir Joe Ozoemene Nwankwu, a founding member of People's club of Nigeria. I remember the fond memories of the Olympic Gina, one of the most sought after products of the company

I love nostalgic posts like these. A breath of fresh air compared to🗑️ posts that make it on here daily.

Kudos to you, poster

Raydos:
Out of everything, the biggest surprise was finding a sticker celebrating a baby born in 1993 (33 years ago) It was a bit of a shock realizing she’s significantly older than I am!

Looking at it made me wonder where she is today. It really puts life into perspective—nothing is permanent, and the kids of yesterday are the adults of today. It's a powerful reminder to make every moment count. Nobody lives forever

this is touching

lordm:
Chai. What happened to Nigeria's industrial era

Everything collapsed after independence.

TheMensch:
I'm amazed that thieves have not vandalized everything. Abi iron condemned people never reach una side?
Meanwhile, let me research about the company so I will know what to comment.

My first thought before I saw your comment.

This is sad to know. The country has a lot of unmet dreams and aspirations.

The owner was very hot headed and had severe mental issues.

jaxxy:
These manufacturing companies stopped production and closes shop way china began to rise in the industrial sector.

Chins only rose industrially and globally in the 2000's. These companies packed up in the 80/90's. Dont blame china for bad leadership. Take accountability.

China only came as a cheaper alternative for imports from europe and US.

But maybe u are genz so u dont know the history.

How do you know when this factory closed?? My friend there are thousands of small and medium scale manufacturers that closed because of China

anonimi:
If China did there thing, then why can’t we do our own thing too

Because no matter how cheap you make it (ceramics in this case) they'll make it cheaper with their slave wages and currency manipulation!
Or they'll sell it for practically nothing (dumping) till the local competitor goes out of business!

VeeVeeMyLuv:
Noooo
It is not China

It is your corrupt clueless Governments

Let me also add, they are very irresponsible.

Yeeees
China is a huge part of it. All the small and medium scale manufacturers have been forced to close

GodHimself:
Search online for her. I bet she'll be tickled to no end, seeing this. I know I would.

She's married with a kid.

Formation2009:
This is the type of location good for movie shoot

Documentary you mean

how can i buy and revive this factory

SixSeven:
Exactly what came to my mind. I am just surprised by the OP saying the 1993 person is that old


Nigergrob Ceramics Limited was a notable ceramic manufacturing industry located in Abeokuta, Ogun State, Nigeria. Established in the 1980s, the company became the subject of major Nigerian corporate and legal cases, including a landmark receivership case (U.B.A. Trustees Ltd v. Nigergrob Ceramics Ltd) regarding the extent of receiver and director powers. Financial distress and that litigation eventually led to its closure, turning it into a textbook legal authority for Nigerian corporate insolvency frameworks under the Companies and Allied Matters Act (CAMA).



Story of their death:
In the early 1980s, Nigeria was trying hard to build up its local industries. A company called Nigergrob Ceramics built a big factory in Abeokuta, Ogun State. Their plan was to make floor tiles, wall tiles, and bathroom sinks locally because the construction business was booming. To buy all their heavy machinery and set up the factory, they borrowed a huge amount of money from United Bank for Africa. The bank managed this loan through U.B.A. Trustees Limited. As security for the loan, Nigergrob signed a contract that gave the bank the right to seize the factory and all its equipment if they failed to pay the money back.


Everything started well, but the late 1980s and 1990s brought tough economic times. The national power grid became very unreliable. Ceramic factories need their ovens to run constantly, so Nigergrob had to spend a lot of money on diesel generators. At the same time, the cost of raw materials went up, and they could not find local technicians to fix their complex machines. Production stopped, and the company completely ran out of money. Since Nigergrob could not pay back its debt, U.B.A. Trustees stepped in, locked the factory gates, and hired a legal manager called a receiver to take over everything and sell it off to get the bank's money back.


The original owners and directors of Nigergrob refused to leave quietly. They took the bank to court, arguing that the bank had no right to strip them of their authority. This became a famous legal battle called U.B.A. Trustees Ltd v. Nigergrob Ceramics Ltd. The case went all the way to the Court of Appeal. The judges finally ruled that when a bank takes over a broke company, the bank's manager gets full control of the business and the assets, but the original directors still keep a few basic rights, like the power to fight the takeover in court. Sadly, while the lawyers argued for years, the expensive factory equipment just sat there and rusted. Nigergrob never reopened, and the factory in Abeokuta remains abandoned to this day.
Nigergrob Ceramics died because the bank seized their factory over unpaid debts, while severe power outages and a crashing Naira made manufacturing too expensive to survive.

So in essence their fall wasn't caused by Tinubu.
Thank you for the outstanding insight..

jaxxy:
Still about the time our power issue when worse and companies became 80% reliant on generators. Atiku had established mikano as the alternative power supply for bussinesses but coincidendataly it was same time period china industrial rise and globalisation.

Not disputing the reason for closure, just correcting the timeline

SixSeven:
Do you think new investors can get it fixed? Funding with some young hungry people who are serious about business and can be guided because we all say tech tech tech but we can't eat tech. Those things are mainly services, we still need to produce and manufacture, sell and then export. Speaking about factories you saw, 20 years ago, some people warned that we can't be seeing factories close down or see religious houses taking over closed factories and thing it's progress.

Produce what?? Everything has been taken by china and co. It's too late for nigeria to get in. nigeria should act as big brother and strengthen ties between west african countries. East african countries are doing much better in trade compared to west african.


Priorities. Gubbmint should to prioritise church over industry.


Nigerians rather patronize foreign products over local. Toyota over innoson etc.

Offpoint1:
Nothing last forever, even Coca-Cola will fade away someday, so is Apple, Microsoft and so on.... It's matter of time.

not true. While nothing lasts forever, the companies you mentioned are built and managed differently

Focusmind:
Nigeria's industrial revolution happened in the 70s and early 80s.

Come to Anambra, especially Onitsha and its surroundings and see relics of massive production industries set up by entrepreneurial People's club members after the civil war. The industries have all collapsed. I wept when I saw the relics of the Olympics company at Abagana when I went for a burial function. The Olympic drinks was founded by Sir Joe Ozoemene Nwankwu, a founding member of People's club of Nigeria. I remember the fond memories of the Olympic Gina, one of the most sought after products of the company

They sent lots of people abroad. My old man was sent to japan on loan from a friend there.

Pootle:
how can i buy and revive this factory

Go settle their issue in court.

SixSeven:
Exactly what came to my mind. I am just surprised by the OP saying the 1993 person is that old


Nigergrob Ceramics Limited was a notable ceramic manufacturing industry located in Abeokuta, Ogun State, Nigeria. Established in the 1980s, the company became the subject of major Nigerian corporate and legal cases, including a landmark receivership case (U.B.A. Trustees Ltd v. Nigergrob Ceramics Ltd) regarding the extent of receiver and director powers. Financial distress and that litigation eventually led to its closure, turning it into a textbook legal authority for Nigerian corporate insolvency frameworks under the Companies and Allied Matters Act (CAMA).



Story of their death:
In the early 1980s, Nigeria was trying hard to build up its local industries. A company called Nigergrob Ceramics built a big factory in Abeokuta, Ogun State. Their plan was to make floor tiles, wall tiles, and bathroom sinks locally because the construction business was booming. To buy all their heavy machinery and set up the factory, they borrowed a huge amount of money from United Bank for Africa. The bank managed this loan through U.B.A. Trustees Limited. As security for the loan, Nigergrob signed a contract that gave the bank the right to seize the factory and all its equipment if they failed to pay the money back.


Everything started well, but the late 1980s and 1990s brought tough economic times. The national power grid became very unreliable. Ceramic factories need their ovens to run constantly, so Nigergrob had to spend a lot of money on diesel generators. At the same time, the cost of raw materials went up, and they could not find local technicians to fix their complex machines. Production stopped, and the company completely ran out of money. Since Nigergrob could not pay back its debt, U.B.A. Trustees stepped in, locked the factory gates, and hired a legal manager called a receiver to take over everything and sell it off to get the bank's money back.


The original owners and directors of Nigergrob refused to leave quietly. They took the bank to court, arguing that the bank had no right to strip them of their authority. This became a famous legal battle called U.B.A. Trustees Ltd v. Nigergrob Ceramics Ltd. The case went all the way to the Court of Appeal. The judges finally ruled that when a bank takes over a broke company, the bank's manager gets full control of the business and the assets, but the original directors still keep a few basic rights, like the power to fight the takeover in court. Sadly, while the lawyers argued for years, the expensive factory equipment just sat there and rusted. Nigergrob never reopened, and the factory in Abeokuta remains abandoned to this day.
Nigergrob Ceramics died because the bank seized their factory over unpaid debts, while severe power outages and a crashing Naira made manufacturing too expensive to survive.

This is why I hate how receiever/manager issues are handled in Nigeria. I do think a day will come when the banks/Creditors will buy back and sell to a more serious company or entity on a credit restructuring system and not take over to liquidate or kill off.

Creditors have a right, as do workers. There should be a way to get the company back on track while the debts are gradually paid off. Although I have also seen instances where these companies were overvalued by the books, and the realities on the ground by the time the debts are due do not match the actual reasonable realistic perspectives by far.

But then, this can also be cared for by the introduction of Security Trustee Companies to ensure assets are properly valued and managed.

SixSeven:
Maybe we should use this as a classroom case study at Lagos Business School or our higher education schools. Professors, lecturers and researchers, take note. Most of what Nigerians study are UK, Indonesia, US and foreign places not what does not work in their own country. Manufacturing is a problem in the country based on THREE issues:

1. NO CONSISTENT POWER SUPPLY
2. UNFAVOURABLE GOVERNMENT POLICIES or LACK OF STRATEGIC SUPPORT
3. BAD MANAGEMENT (INTERNAL)

Nigeria's ceramic market is currently driven by a projected $2.1 billion USD import demand, with China supplying over 82% of the country's needs. Again, production over consumption or import.

This has been Peter Obi argument over the years. We must produce what we consumed

Suicideboy:
Produce what?? Everything has been taken by china and co. It's too late for nigeria to get in. nigeria should act as big brother and strengthen ties between west african countries. East african countries are doing much better in trade compared to west african.


Priorities. Gubbmint should to prioritise church over industry.


Nigerians rather patronize foreign products over local. Toyota over innoson etc.

We must be masters of our destiny. Many people warned Dangote about the perils of building a refinery in a third world country,he dared them and challenged the notion that industrialization can't happen in this clime. We are all witnesses to his triumph.

We just need the right people in the right places to make things happen.

QuinQQ:
How do you know when this factory closed?? My friend there are thousands of small and medium scale manufacturers that closed because of China



Because no matter how cheap you make it (ceramics in this case) they'll make it cheaper with their slave wages and currency manipulation!
Or they'll sell it for practically nothing (dumping) till the local competitor goes out of business!



Yeeees
China is a huge part of it. All the small and medium scale manufacturers have been forced to close

I think blaming china is just an easy way out. Yes china will impact export potential but definitely not local consumption if good protective policy is in place.

what is killing local production is ELECTRICITY AND POOR GOVT POLICY.
we need very cheap electricity to produce, very cheap and abundant. wage is not a big deal here in naija and regulatory is weak.
but another big issue is erratic govt policy, u are at the mercy of the selfish politician in power. one govt may come and ban importation of ceramics yet another will come and lift the ban because his friend is the largest importer of ceramics to nigeria.
another issue is multiple taxation, once an industry start thriving u start seeing all kinds of revenue agnecy from everywhere demanding cuts or levy, this also doesnt help in anyway.

china is china and they will continue to do what they know how to do best. produce massively but very cheap. nobody can stop them- Trump tried but failed, EU also tried but failed. Nigeria cant stop them.
we just have to build resilience by first becoming self sufficient ourself then working with other serious countries in africa to form a trade bloc. that's the only way out.

judewrites:
That's life, we all grow old whether we like it or not!

I am amazed at how fast time flies....I remember how young I was decades ago and how I'm gradually turning into an old man! 😂

Growing old is the saddest thing about life, I can remember how my mum used to be so young, but now she's over 50 and old, Life sha.

amstamon:
Nice work. Pls what phone did you use in taking those photos?

Samsung s10e

Interesting read. A lot has happened and still happening in the Federal Republic of Nigeria. Imagine this Company/Factory is still functional, it would have been a source of income for thousands and also a way for the Government to generate Revenue...

SixSeven:
Exactly what came to my mind. I am just surprised by the OP saying the 1993 person is that old


Nigergrob Ceramics Limited was a notable ceramic manufacturing industry located in Abeokuta, Ogun State, Nigeria. Established in the 1980s, the company became the subject of major Nigerian corporate and legal cases, including a landmark receivership case (U.B.A. Trustees Ltd v. Nigergrob Ceramics Ltd) regarding the extent of receiver and director powers. Financial distress and that litigation eventually led to its closure, turning it into a textbook legal authority for Nigerian corporate insolvency frameworks under the Companies and Allied Matters Act (CAMA).



Story of their death:
In the early 1980s, Nigeria was trying hard to build up its local industries. A company called Nigergrob Ceramics built a big factory in Abeokuta, Ogun State. Their plan was to make floor tiles, wall tiles, and bathroom sinks locally because the construction business was booming. To buy all their heavy machinery and set up the factory, they borrowed a huge amount of money from United Bank for Africa. The bank managed this loan through U.B.A. Trustees Limited. As security for the loan, Nigergrob signed a contract that gave the bank the right to seize the factory and all its equipment if they failed to pay the money back.


Everything started well, but the late 1980s and 1990s brought tough economic times. The national power grid became very unreliable. Ceramic factories need their ovens to run constantly, so Nigergrob had to spend a lot of money on diesel generators. At the same time, the cost of raw materials went up, and they could not find local technicians to fix their complex machines. Production stopped, and the company completely ran out of money. Since Nigergrob could not pay back its debt, U.B.A. Trustees stepped in, locked the factory gates, and hired a legal manager called a receiver to take over everything and sell it off to get the bank's money back.


The original owners and directors of Nigergrob refused to leave quietly. They took the bank to court, arguing that the bank had no right to strip them of their authority. This became a famous legal battle called U.B.A. Trustees Ltd v. Nigergrob Ceramics Ltd. The case went all the way to the Court of Appeal. The judges finally ruled that when a bank takes over a broke company, the bank's manager gets full control of the business and the assets, but the original directors still keep a few basic rights, like the power to fight the takeover in court. Sadly, while the lawyers argued for years, the expensive factory equipment just sat there and rusted. Nigergrob never reopened, and the factory in Abeokuta remains abandoned to this day.
Nigergrob Ceramics died because the bank seized their factory over unpaid debts, while severe power outages and a crashing Naira made manufacturing too expensive to survive.

Raydos:
Growing old is the saddest thing about life, I can remember how my mum used to be so young, but now she's over 50 and old, Life sha.

That's why it's good to accomplish your goals and dreams while you are still young, so in your old age you are in relax/enjoyment mode and not in regret mode.

A country that is more friendly to 'contractors' than industrialists.
This same factory started at the same time in China will be selling stuff to the world by now.

Sadly, this is the story of so many manufacturing companies that gave Nigeria a direction. Crippling power supply, unfavorable bank terms, lack of government support as well as importation killed a lot of these companies, Nigeria needs an economic revolution that is founded on production not importation/consumption

I think this is the populate “ile ise Awo” that gave that bus stop before Ita Oshin its name ….

SIRTee15:
I think blaming china is just an easy way out. Yes china will impact export potential but definitely not local consumption if good protective policy is in place.

what is killing local production is ELECTRICITY AND POOR GOVT POLICY.
we need very cheap electricity to produce, very cheap and abundant. wage is not a big deal here in naija and regulatory is weak.
but another big issue is erratic govt policy, u are at the mercy of the selfish politician in power. one govt may come and ban importation of ceramics yet another will come and lift the ban because his friend is the largest importer of ceramics to nigeria.
another issue is multiple taxation, once an industry start thriving u start seeing all kinds of revenue agnecy from everywhere demanding cuts or levy, this also doesnt help in anyway.

china is china and they will continue to do what they know how to do best. produce massively but very cheap. nobody can stop them- Trump tried but failed, EU also tried but failed. Nigeria cant stop them.
we just have to build resilience by first becoming self sufficient ourself then working with other serious countries in africa to form a trade bloc. that's the only way out.

All those bad conditions you mentioned (electricity, etc) were all in place yet local manufacturing was thriving. Pople got wealthy from manufacturing back then, before China. They cannot do that today. They couldn't pass theír factories to their children because no one can compete with imports from China!

ComeComing:
We have so many iron condemn guys on this site.. watch as they empty that place soonest

You read my mind. OP shouldn't have uploaded the pictures here. He should have kept it to himself. Now he must provide security to protect those assets

Yet the ceramics produced there are better than this junks in circulation