Connect with us
Advertise With Us

BUSINESS

Manufacturers Lose N1bn To Fake Imported Cables – Uzodike

Published

on


 

The President of Cable Manufacturers Association of Nigeria (CAMAN), Mr. Ifeanyi Uzodike has disclosed that the association lost N1 billion to the influx of fake cables into the country. He disclosed this at a meeting held with the director-general of Standard Organisation of Nigeria (SON), Osita Aboloma at its head office in Lagos. Uzodike, who is also the chief executive officer, Cutix Plc, explained that major markets in Nigeria are flooded with substandard wires and cables that do not meet both national and International standards.

He said: ”The presence of such wires and cables in our markets is growing at an alarming rate and there appears to be no visible attempt to curb this menace.” He also called on the federal government through the Federal Ministry of industry, Trade and investment to support SON to eradicate fake cables through constant monitoring of markets and destruction of substandard cables. CAMAN also lamented that they have not been contacted as stakeholders to contribute to the formulation of local content policy, which is meant to protect the industry. “Our submission is that any local content policy, which does not take into consideration inputs from stakeholders cannot be a good policy”, it said.

In his contribution, managing director of Coleman Cables and Wires, George Onafowokan emphasised that SON must do everything possible to eliminate fake cables from Nigerian markets. “Let SON, during its market survey, destroy cables that are not 100 meters, he said. The association therefore presented to SON a brand new Toyota Hilux vehicle as part of its support to them in carrying out the enormous duties of protecting land borders, sea ports and markets. CAMAN also raised concern over the fake cables seized by SON in 2017, saying that the cables should have been destroyed instead of being kept. In his response, Bede Obayi who represented the directorgeneral of SON, called for support of CAMAN members, saying that all hands must be on deck to win the war against fake cables.



Copyright LEADERSHIP.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: editor@leadership.ng







Advertisement
Comments

MOST POPULAR

Pin It on Pinterest

Share This

Share this post with your friends!