Stakeholders Score Cutix High As Nwosu Retires From Board

Stakeholders have scored Cutix Plc for its successful operations in the country in the last 40 years despite the prevailing harsh economic conditions.

Cutix is a Nigerian company that specialises in the production and distribution of electrical, automotive, and telecommunication wires, cables, and related products.

Industry stakeholders as well as leading industrialists and politicians in the country, delivered their commendations at a reception organised in honour of the retiring chairman and co-founder of the Company, Ambassador Okwudili Nwosu, in Nnewi, Anambra State.

The founder, Engineer Ajulu Uzodike stated, “My brother and friend have been with me all through the 40 years and I must admit that it has been an eventful and successful relationship.”

 Uzodike, however, expressed the hope that Nwosu will continue to be part of the Cutix family.

Responding, the Nwosu expressed his happiness over the success story of the Company, describing the founder as a brother and friend whose interest in the Company is to contrive an avenue for all and sundry to create wealth through partnership.

He said the story of Cutix Plc is embedded in trust, adding that he dedicated himself wholeheartedly to Uzodike and the Company in the last 40 years.

Speaking, the Presidential candidate of the Labour Party in the 2023 general elections, Mr. Peter Obi lamented that successive governments in the country have not found it necessary to empower and encourage local manufacturers, adding, “unless the federal government decides to do the right thing by supporting these companies, they cannot go very far and they need support because they are those that create jobs. 

They are the ones that will turn around the economy and they need the government’s support.”

He recalled that as the Governor of Anambra State, his administration and the management of Cutix Plc constructed the road leading to the company.

He said Cutix provided half of the cost of the project while the state government provided the balance.

Also speaking, Anambra State Commissioner for Commerce, Industry, and Wealth Creation, Mr. Christian Udechukwu, described Nwosu as a good manager of human and material resources.

He said the Anambra State Government, under the stewardship of Prof. Charles Soludo, is creating an enabling environment for small and medium-scale enterprises to thrive through improved power supply.

Nigerian Ambassador to the Republic of Burundi, Ambassador Elijah Onyeagba, noted that the success story of Cutix Plc is traceable to the diligence and trust between the founder, Uzodike and the co-founder, Ambassador Nwosu, saying Nwosu is not retiring but will use his wealth of experience to improve the industrial sector.

Senator Ben Obi, a former Senator representing Anambra Central Senatorial District, said the only way to jumpstart the industrial revolution in the Southeast is to have the likes of Nwosu at the helm of affairs, saying “small and medium-scale enterprises are the vehicles for growing the economy.”