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Nairaland Forum / Nairaland / General / Business / Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China (33559 Views)
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Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by Coldfeet(f): 12:04pm On Nov 02, 2016 |
When it was just recent he opened a factory in Lagos? This is bad well if moving will keep your business afloat by all means do. 2 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by Emmysteve(m): 12:04pm On Nov 02, 2016 |
SAI BABA |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by Nobody: 12:05pm On Nov 02, 2016 |
The suffer wey dey road dey waka come Nigeria go worst pass Famine in Egypt during the era of Joseph. Only God can intervene for this country wahala. The one wey dey even annoy me pass is despite the situate people in public office are still looting as we speak. 2 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by erico2k2(m): 12:05pm On Nov 02, 2016 |
ImoRiver:MayB ur village chiefs can manufacture parts he uses to service his machines then he won't need forex Your village elders can manufacture preservatives for the paste as well then he won't need forex for that too. 13 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by Nobody: 12:06pm On Nov 02, 2016 |
Nawa o 1 Like |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by david22uu(m): 12:06pm On Nov 02, 2016 |
ImoRiver:Oga get sense small na He his looking for foreign exchange to create more employment You govt give this dollar to people who import tothpick 12 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by IVORY2009(m): 12:06pm On Nov 02, 2016 |
mekuzi09: 2 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by deking(m): 12:08pm On Nov 02, 2016 |
What is their strategic plan? To export those items from China to Nigeria or to have the Chinese consume them? If the former is the case, how do they intend to fund the import of the finished product from Nigeria if they couldn't fund import of raw materials. if the later then I doubt if that business will thrive with the same mentality in that clime. In all, I believe this news is just an attempt to blackmail the government. 2 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by k2kay(m): 12:08pm On Nov 02, 2016 |
A certain epitome of cluelessness said a few weeks ago that investors are falling over themselves to come do business in Nigeria. whereas, the reality is they are bailing out from the country. Smh 8 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by erico2k2(m): 12:09pm On Nov 02, 2016 |
bigass:Get educated Something as small as preservatives needs forex 7 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by Redoil: 12:10pm On Nov 02, 2016 |
sarrki:ur lord and master has proven to be dunber than you 3 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by Hiploko(m): 12:11pm On Nov 02, 2016 |
According to Zombies, the company is kwarrapt 5 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by erico2k2(m): 12:12pm On Nov 02, 2016 |
deking:When you do have the free times.see the tax brakes and insentives given to investors in China . You will see why IG coy have thier production lines in China . Check this just cos you are exporting %60 of what you manufacture you get to pay just %30 in coprate tax would that not make up the shortfall for the change of location ? 2 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by erico2k2(m): 12:16pm On Nov 02, 2016 |
abu12:Ahah stop embarassing yourself 6 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by gabbytabby: 12:17pm On Nov 02, 2016 |
Actually preferential rate forex need not be provided for every Tomato, Dick and Harry It's unfortunate the loss of his business and employment for his staff. Tomato paste is neither critical or essential so no subsidised forex. Bolustic: 1 Like |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by lovat(m): 12:19pm On Nov 02, 2016 |
Bolustic:Are you really sane with this your comment or you are basking in your ignorance. A kid like you floating in tribalism really calls for concern about the school that issued you that certificate 7 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by ephi123(f): 12:20pm On Nov 02, 2016 |
It's ridiculous how some people are still adamantly defending this Buhari's wicked government despite the untold hardship businesses and individuals are facing. You all are going to get your karma sooner or later. Continue defending your pay, it will be of no use to you when the time comes. 5 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by obailala(m): 12:20pm On Nov 02, 2016 |
Too bad... The last seems to not have been heard of this forex scarcity wahala.. 1 Like |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by armadeo(m): 12:20pm On Nov 02, 2016 |
dunkem21: Dude who is harassing you. This us the third comment is see you have made stating this. What's up 2 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by iyatrustee(f): 12:21pm On Nov 02, 2016 |
I do not understand something here. I thought i read some weeks back that Erisco foods had problems accessing forex and stopped operations. some days later, the supposed problems according to him had been resolved. Which one come be dis again about relocating to china? Anyone who is enlightened should please educate me. 1 Like |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by passyhansome(m): 12:22pm On Nov 02, 2016 |
freeze001: 4 Likes 1 Share
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Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by OBAGADAFFI: 12:24pm On Nov 02, 2016 |
Bolustic: Everything is not about tribalism. Learn to read properly before making comments. They won’t give us forex to import machinery, machine spare parts and raw materials for processing Nigerian fresh tomatoes into paste in our Lagos factory and they won’t give us approval to use our own money (about $460,000) generated from our foreign operations to import our raw materials. They won’t also check dumping because of the powerful nature of the import cabals. Aisha Buhari commissions Erisco Foods tomato paste plant https://www.naij.com/737147-see-aisha-buhari-toyin-saraki-spotted-yesterday-photos.html 1 Like |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by peaceMma(f): 12:24pm On Nov 02, 2016 |
I dnt blame d man,He said it earlier on d #MoneyShow that if d country's going real hard he wud relocate to China with his family ,Buh Nw,he relocated with his Business.... 1 Like |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by Bethelwealthy(m): 12:24pm On Nov 02, 2016 |
..........and CONCENTRATED zombies will say "he's a Igbo YUUT
The country's Olympos is rapidly falling
Lauwd Have Moorcy....... 1 Like |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by caprini1: 12:27pm On Nov 02, 2016 |
people wonder why businesses relocate to china,simple , whatever gives the manufacturer comfort in China,the Chinese government Improves on it,even American companies have bases in China. Erisco did his best,even tried to pally bubu his wife and the Federal govt.,but it's like this forex issue is irredeemable for now . Only the strongest will survive this times. 1 Like |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by MrGerald(m): 12:27pm On Nov 02, 2016 |
bigass:Your won't do well in terms of business, the way you reason though 1 Like |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by aisammy4: 12:28pm On Nov 02, 2016 |
mekuzi09: It is quite unfortunate that the CBN monetary policy has failed Nigerians. The government have to wake from slumber and revive this economy. Huge Investments are closing down with huge amount tied up in banks and nothing is done about it. President Buhari should have a rethink on all that is happening in Nigeria oh, if not, all those his fancy diplomatic relations and travelling to bring in more investment would be useless. Nobody want to lose his investment to bad economy. Anyway, oga, no make use put ban on importation of processed tomatoes oh, because, importing from china could make children go chinko...lol! 1 Like |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by Nobody: 12:31pm On Nov 02, 2016 |
sarrki:open your mouth and say something, what is hmmm hmmm?, people just lost their jobs as a result of this, surely there must be something meaningful you can say, cos I have seen you in action, this is very unlike you, or are you too overwhelmed to find words to comment? 1 Like |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by ivandragon: 12:35pm On Nov 02, 2016 |
when Erisco recently commissioned a NEW plant, some people were praising PMB & how he has 'revived' the business (conveniently forgetting that Erisco was EXPANDING his business because of the backward integration programme of the last government). now that things have gone south, some retards are asking 'who Erisco EPP'? are some people so shallow that the fail to realise the damage being done to the economy by this direction less regime? Automobile assembly plants are also shutting down, banks are laying off more staff, small & medium scale businesses are shutting down, farmers are worried about the unavailability of fertiliser for their crops... & some retards are blaming the hard working business men who are doing their very best to ensure the economy improves, simply because they asked for FX? 6 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by Nobody: 12:38pm On Nov 02, 2016 |
modath:people just lost their jobs, and this is all you have to say?,where is your conscience?, every day I see you and your likes always turn things to either a political or tribal or religious war, are we not first citizens before party members?,why do you and your likes always find a way to turn things into either an apc vs pdp or an igbo vs yoruba thing? Can you atleast try to look at it from the vantage point of a citizen?,I know it's hard,but try, the people going to get laid off are certainly not going to want to know whatever it is you wrote in red, smh #tragic! 13 Likes |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by mengho(m): 12:45pm On Nov 02, 2016 |
lol 1 Like |
Re: Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China by addlogg(m): 12:46pm On Nov 02, 2016 |
this is really disheartening.. I don't even knw what to say again 1 Like |
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