October 07, 2016

Dangote Too Is Threatening To Stop Tomato Paste Production

Few days after Erisco Foods Limited threatened to shut down its tomato factory, Dangote Industries Limited has also disclosed plans to stop tomato paste production because of the harsh operating environment that gives advantage to imported production.

Group Vice President of Dangote Industries Limited, Alhaji Sani Dangote disclosed that the group recently stopped tomato paste production because of the harsh operating environment that gives advantage to imported products.

He cried out that the company would not be able to pay farmers from whom they get raw materials unless government did something urgently.

Although, the Central Bank of Nigeria said it would not give dollars, Dangote noted that countries like China give their people huge support and waivers that allow them access to finance that they do not really feel the forex crunch being faced by their Nigerian competitors.

Dangote who spoke at the 2nd group meeting of the Zero Hunger Committee in Abuja, expressed dissatisfaction over the delay on the part of the ministries and agencies involved to address the issue of tomato importation. 

He insisted that the way out was for government to put in place a clear policy on tomato importation and local production, saying: “We have been talking for the past one year and up till now there is no clear cut direction where the government is heading.”

Dangote, stated that “some companies have opened industries in Ghana and other free zones under the disguise of ECOWAS and are importing.”

Recall that Erisco Foods had indicated plans to shut down its tomato paste processing business in Nigeria owing to unfavourable operating climate which will lead to loss of about 1,500 jobs.

7 comments:

eniola lawal said...

Issokay

Anonymous said...

Oh “Tree Of Righteousness”, Blossom And Bring Forth Fruit!
“To appoint unto them that mourn in Zion, to give unto them beauty for ashes, the oil of joy for mourning, the garment of praise for the spirit of heaviness; that they might be called trees of righteousness, the planting of the Lord, that he might be glorified.”

Oh Tree of Righteousness, BLOSSOM and BRING FORTH FRUIT!

“For YOU; transformation occurs when you allow yourself to be the “space” by which transformation occurs. Being the space for transformation allows you to create the future by which true transformation will occur. To transform the space of fear, worry, depression, hopelessness and defeat, YOU must become the“space” of faith and it is in the space that you will bring forth the fruit of manifestation as the tree of righteousness. For GOD have commanded thee, Oh Tree of Righteousness, BLOSSOM and BRING FORTH FRUIT!”

There is a garment of praise for your spirit of heaviness!
There is wondrous oil of joy for your mourning!
You are a FRUITFUL tree of righteousness that God may be glorified!

The Bible says,
But the fruit of the Spirit is love, joy, peace, longsuffering, gentleness, goodness, faith. (Galatians 5:22)

"Oh Tree of Righteousness, BLOSSOM and BRING FORTH FRUIT!"

Anonymous said...

Me too I wonder what is this government direction??

Charles

Anonymous said...

Does this go-slow government ever listen to the voice of reasons? Can we continue in this fashion for another 6months as a nation and everything will not collapse? What is Audu Ogbe still doing as minister if he cannot fast track this simple matter? It is a clarion call that the young generation must fasten their belts to wrestle power from these old generation of politicians that had lost touch with reality. If not it will be better to write off this country as a failed state

inumidun said...

Issorite..

Harbolarkale Niyi said...

It's well

George Emmanuel said...

It is well