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Monday, 9 November 2009

‘Manufacturing is still profitable in Nigeria’

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Despite the fact that companies having been closing shop and many others moving out of the country due to the unfavourable manufacturing environment, some manufacturers are optimistic that there is a lot that can still be tapped from the manufacturing environment.

Aliko Dangote, president of the Dangote Group of Companies, in an interview with reporters in Lagos on Thursday, argued that despite the challenging environment, there are still many opportunities for companies to survive by tapping into the market potential in Nigeria. He said “Operating and expanding businesses in the country has not been an easy task because of the manufacturing environment especially in terms of power supply. But because we are Nigerians and we believe in the country, we have made it a point of duty for our businesses to be totally committed to the social, cultural and economic well being of the Nigerian environment.

http://234next.com/csp/cms/sites/Next/Money/Business/5473725-147/story.csp

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