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  Commerce Association says that more than half of the surviving firms are “ailing”. At least 800 companies closed shop in Nigeri find a between 2009 and 2011, due to the harsh operating business environment, the Nigerian Chambers of Commerce has said. The companies that have survived are also having serious challenges as more than half of them have been classified as “ailing.’’ This was disclosed by the President of Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, house NACCIMA, Herbert Ajayi, on Tuesday, in Asaba, in a paper he presented at a zonal workshop on economic diversification organised by the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC. Mr. Ajay said the current situation of the “surviving” industries poses a great threat to the survival of the manufacturing industry. He added that capacity utilisation in industries hovers aroun business d 30 per cent and 45 per cent on the average, with 100 per cent overhea

  Commerce Association says that webapex.net more than half of the surviving firms are “ailing”. At least 800 companies closed shop in Nigeria between 2009 and 2011, due to the harsh operating business environment, the Nigerian Chambers of Commerce has said. The companies that have survived are also westernmagazine.org having serious challenges as more than half of them have been classified as “ailing.’’ This was disclosed by the President of Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, Herbert Ajayi, on Tuesday, in Asaba, in a paper he presented at ysin.org a zonal workshop on economic diversification organised by the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC. Mr. Ajay said the current situation of the “surviving” industries poses a great threat to the survival of the manufacturing industry. He added that capacity utilisation in industries hovers around 30 per cent and 45 per cent on the average, wi

  Commerce Association says t usatimes.cc hat more than half of the surviving firms are “ailing”. At least 800 companies cl ss="MsoNormal" style="background: white; line-height: normal; margin-bottom: 15.0pt; vertical-align: baseline;"> Mr. Ajay said the current situathe “surviving” industries poses a great threat to the survival of the manufing industry. He added that capacity utilisation in industries hove news rs around 30 per cent and 45 per cent on the average, with 100 per cent overhead costs. He blamed the continued he manufacturing sectors on “political and economic factors’’, citing poor infrastructure and epileptic power supply as key impediments to the industry. “The manufacturing industry as a who usanews.cc le operates on more than 70 per cent of energy it generates, using generators; and operating these generators greatly increases the cost of manufacturi’ he said.