The Chief Operating Officer (COO) of MicCom Cables and Wires Limited, Bukola Adubi, has identified access to foreign exchange, electricity, and unfriendly policies on the importation of raw materials as major challenges confronting cable manufacturing in Nigeria. Adubi, who doubles as the President of the Cable Manufacturers Association of Nigeria (CAMAN), made this known during a live programme on Arise TV, recently. These challenges are further exacerbated by the Federal Government policies on the importation of raw materials for in-country cable manufacturing. The MicCom chief described the situation as frustrating. From huge taxes to exorbitant import duties on raw materials, cable manufacturers have often decried the bottlenecks faced in the importation of raw materials as these erode the bottom line.

Source: Nigerian Tribune April 23, 2023 09:47 UTC