₦airaland Forum

As shared by Innoson Motors media aide Cornel Osigwe...

'Why I May Join 2Baba (Tuface) For The Nationwide Protest

This month makes it exactly one year I started working as a Public Relations and Media Consultant with Innoson.

Sometime in the month of December last year, I was privileged to have Chief Dr Innocent Ifediaso Chukwuma OFR tour me round his Plastic Manufacturing Company in Enugu.

It must be noted that Innoson Technical and Industrial Co Ltd Emene Enugu is the largest plastic manufacturing company in West Africa with product portfolio that covers over 150 lines of products.

This company with over 4500 employees may soon close down if urgent necessary steps are not taken to put it back in shape, all thanks to the Federal Government unfavourable policies against the Manufacturing sectors by lack of provision of necessary foreign exchange to the manufacturers to inport some foreign inputs needed for production.

As we toured round this factory with gigantic injection moulds and different large forms of industrial machines, I can only but weep. Noticing that over 85 percent of the production lines were closed down and the workers sitting idly discussing, I sorrowfully asked Dr Chukwuma, what is the main reason why these machines are not in production? He responded thus:

1. Foreign exchange: He said as at that period, the last time CBN approved forex for him was 6 months ago and his companies need over 3Million Dollars’ worth of forex monthly in order to sustain its production. There is a high demand for their products, but there is little he can do if he can’t access forex to get the foreign input needed for production. Hence the forex scarcity is a major reason why his factory has closed down over 85% of its production lines.

2. Light. Another reason he gave is the rising cost of PHCN bills. PCHN brings a monthly bill of between N30M – N50M on a monthly basis. He has repeatedly written to the management of Enugu Electrical Development Company EEDC to look into the high cost of bills they send to him which is ever rising. With the current low production, he told them to disconnect the light from his factory pending when they start full production again.
I am of the opinion that the Federal Government should look into the activities of Electrical companies in Nigeria if there is any hope of survival of the few remaining manufacturing companies.

I then asked him again, “so why do you still retain your workers since there is virtually no production going on”? His response made me shed tears again. He said “Most of these workers have been with me for years, their family depend on this factory for their daily bread. If I sack them and shut down, what will become of them? He said he called all his workers and told them the true situation of things, that the inflows coming into the company has basically reduced, and told them he will not sack them and won’t shut down because he still has faith in the ability of FG to turn things around but he has to reduce their salaries by 25% pending when full production continues. And the workers gladly accepted his proposal.

I know many manufacturing companies that have closed down due to the same situation being faced by Innoson Technical. Last year, Erisco foods shut down his factory because of this same situation. I learnt Airtel is about leaving Nigeria, and Etisalat are on the verge of mass sack of their employees.

It was the late Chinua Achebe who said Things fall apart when the centre cannot hold. Indeed Things has fallen apart in Nigeria because the centre cannot not hold.

I therefore join my voice to other progressive voices calling on Mr President to address the various economic challenges troubling us. I hereby endorse Febuary 5th nationwide Protest to Call for Good Governance and I call on everyone who wishes for the Good of our Nation to do so.

Lastly, I want Mr President to succeed. Let him not see the protesters as people who oppose him but people who love him and want him to leave a good legacy. It was Socrates, the Great Philosopher who once said “listen more to people who criticize you than to people who praise you”.

A New Nigeria Is Possible
Cornel Osigwe
2017'


Source: http://www.trezzyhelm.com/2017/01/innoson-motors-closes-over-85-of-its.html?m=1

No be small thing

The storm is gatheringg

feb 5th go mad die..
cant wait.
but sincerely, people are really suffering.
buhari, which way naw.
i was telling my hausa frnds then not to vote him, they called me all sort of names.
now, reality has dawned on them. they are smiling on the out, but crying on the in..

I'm happy the protest will be on 5th because Buhari will be coming back on 6th to meet a heated country. On behalf of all nairalanders and well wishers I hereby endorse February 5th nation wide protest. I also advice that a special thread be created and dedicated to February 5th protest to provide real time updates and events of the first ever nation wide protest in this country. God bless us all

Water don pass garri, enough is enough.

5th February I stand with u

Welcome on board Mr. Innoson.

Buhari is an illiterate President he can't do anything for Nigeria

This is not funny

This country don sweet ooo

it will be very very funny to see Biafrans protesting for Nigeria ...
Foreign Exchange scarcity---I thought we had Inosson to produce cars so we don't waste foreign exchange in importing foreign cars...So if Innospn is importing these same car to package then which way.

On PHCN, that one na true talk since dem sell off our PHCN na so so electric tariff dey high, but light no dey....

I will join the protest from my phone.

#WeWillProtest
#SaveNigeria

I am joining this protest

But why is Buhari synonymous to BAD LUCK?.... a chronic failure!

Buhari has turned the whOle of Nigeria upside down

We told them that Buhari has nothing to offer, that he is a dead wood, but they called us 5%, am happy we have been vindicated.

We are not joining in the protest. I will laugh to scorn on that day.

Unemployment on a rise again

Buhari always claims his policies are to help grow local businesses but in truth local businesses are the most hit by this primitive man and his blind rudderless policies, Buhari and his policies remain anachronistic in fabric of 21st century living and economics ..The man should go period because every hour he spend will make things worse and Nigeria doesn't have an economy that can spring back from such shock that Buhari is delivering.

Good one!

But Chief Innoson your people said they won't join us na. Just leave it to us before the label you Afonja

Hope Bubu will be back before Feb 5 sef

I feel sad anytime I reckon that Nigeria gets worse by the day.
I wonder what exactly was Buhari's plans when he was contesting the election

Sai Beezy! Killing businesses since '84

Who was buying the scrap before? Why put the blame n PMB?

Innoson should go and relax abeg

Is protesting the best thing to do?

I thought Buhari said he is encouraging local industries

Angelinastto:
Is protesting the best thing to do?

At least it is one good thing to do.

CXLVII:



Who was buying the scrap before? Why put the blame n PMB?

Innoson should go and relax abeg

You probably intended this to be funny. But, you only showed how shallow you are. How can you buy it when your parents still cater for all your needs? You are probably a Jambite who hasn't woken up to the reality of the time

Iceman2017:

This country don sweet ooo

na to soak garri dey watch on 3d remain