• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, June 3, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Industrialist Laments Losses Caused By Scarcity, Rising Forex Rates

by Abdullahi Olesin and Leadership News
3 weeks ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

The chairman of Basic Metals, Iron and Steel Fabricated Metal Sectoral Group of Manufacturers Association of Nigeria (MAN) and the national council member of the union, Alhaji Kamoru Yusuf has lamented huge losses being recorded by manufacturers due to scarcity and rising foreign exchange rates.

Advertisement

Yusuf, who is a member of the Manufacturers Association of Nigeria (MAN) and group managing director of KAM Holding Ltd stated this when members of the Senior Course 47 2025 of the Armed Forces Staff and Command College, Jaji, led by Col. Usman Hashim Mohammed, visited KAM Holdings in Ilorin, Kwara State.

 

He lamented that manufacturers could not remit money for imported raw materials that had long been converted to finished goods and sold when the rate of foreign exchange was much lower than what it is now.

 

RELATED

You Are Desperate For Self-serving Power, APC Chides Atiku, Amaechi, El-Rufai

You Are Desperate For Self-serving Power, APC Chides Atiku, Amaechi, El-Rufai

5 seconds ago
My Support For Tinubu Not For Personal Gain – Kalu

My Support For Tinubu Not For Personal Gain – Kalu

3 minutes ago

He, however, saluted the courage of President Bola Tinubu-led administration for churning out policies to save the Naira, stem the tide of inflation and stabilise the economy.

 

He noted that these policies targeted at tackling currency speculation had made the stability of the currency against the Dollar very challenging.

 

Yusuf who was represented by the vice chairman of the company, Dr. Mrs. Iyadunni Yusuf, expressed belief that with the help and assistance of government in the steel manufacturing sector, the sector and the country as a whole will be better off.

 

“It is our hope that your tour of our facility will further expose you to the numerous processes involved in the manufacturing of iron and steel products and further build your confidence in the need to appraise our efforts in nation-building processes.

 

“As regards the theme of your visit, which is, ‘Harnessing Grassroots Intelligence for Enhanced Internal Security’, we all know that this encourages intelligence gathering through grassroots community engagement, as local intelligence can detect early signs of potential threats. Also, collaboration with local communities builds trust between citizens and security agencies.”

 

Yusuf, who said that the indigenous organisation had grown over the years, added that one of the motivating factors for the growth of the company was aim to reduce the level of unemployment in the society.

 

In his remarks, the team lead of the Senior Course 47 2025, Col. Mohammed said the purpose of the visit to Kwara State was due to the security challenges in the country, which he said made the College to update its curriculum to include visiting some selected states in the Federation.

He also described the role being played by the firm in the state’s security as enormous, saying that provision of employment to its workers had empowered even people that are not working in the company.

“It’s also gratifying that most of the workers are females that fall within vulnerable in our community. Whether known or unknown, this is helping in solving some security issues within the state”, he said.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

Breaking NEWS: Nigerians can now earn in US Dollars, acquire ultra premium domains for low and sell for super profit. Our client acquired a domain for $3715 and got it sold for $42,000. Click here to see how you too can profit from the business.


Tags: Manufacturer Association of Nigeria (MAN)
SendShareTweetShare
Previous Post

Gov Sani Clears Outstanding Students’ Tuition Fees Owed Foreign Varsities

Next Post

AYCF Tackles APC-YLA Over Anti-Matawalle Protest At EFCC Hqrts

Abdullahi Olesin and Leadership News

Abdullahi Olesin and Leadership News

You May Like

You Are Desperate For Self-serving Power, APC Chides Atiku, Amaechi, El-Rufai
News

You Are Desperate For Self-serving Power, APC Chides Atiku, Amaechi, El-Rufai

2025/06/03
My Support For Tinubu Not For Personal Gain – Kalu
News

My Support For Tinubu Not For Personal Gain – Kalu

2025/06/03
Tinubu Celebrates NNPC Group CEO Ojulari At 60
News

Tinubu Celebrates NNPC Group CEO Ojulari At 60

2025/06/03
Residents Applaud Mbah, Police Intervention In Enugu Community Killing
News

Police Nab 6 Suspected Notorious Gang Members, Recover Arms In Lagos

2025/06/02
Inmates Of Delta Correctional Centres Cleared To Write WAEC
News

Late Exams: Reps Gives WAEC 24 Hours To Submit Guidelines, Report

2025/06/02
Kogi Govt Accuses EFCC Of Fresh Media Trial
News

EFCC Re-arraigns Alleged Cybercrime, Terrorism Kingpin

2025/06/02
Leadership Conference advertisement

LATEST

You Are Desperate For Self-serving Power, APC Chides Atiku, Amaechi, El-Rufai

Griezmann Signs Deal To Extend Stay At Atletico Madrid

My Support For Tinubu Not For Personal Gain – Kalu

Tinubu Celebrates NNPC Group CEO Ojulari At 60

Police Nab 6 Suspected Notorious Gang Members, Recover Arms In Lagos

Late Exams: Reps Gives WAEC 24 Hours To Submit Guidelines, Report

EFCC Re-arraigns Alleged Cybercrime, Terrorism Kingpin

Empowering First-Time Homebuyers Through Policy And Education

Eid-el-Kabir: Yobe Gov’t Shuts Schools For 10 Days

FRSC Begins Probe Of Kano Athletes’ Accident

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.