Association says that more than half of the surviving

 

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, with 100 per cent overhead costs.

He blamed the continued decline in the 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 whole operates on more than 70 per cent of energy it generates, using generators; and operating these generators greatly increases the cost of manufacturing goods,’’ he said.

Comments

Post a Comment

Popular posts from this blog

Association says that more than half of the surviving

  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 ove...
Read more

the lessons it teaches from us. Gandhi Ji has told

  done. Life gives us lessons and we learn from the lessons it teaches from us. Gandhi Ji has told us that forgiveness is an attribute of strong and truly it takes a lot of efforts, strength and time to forgive someone and itnb.info forget about the feeling of hurt and pain it has caused. Forgiving is hard to be done especially when you find the person unworthy of your forgiveness. It is a feeling that comes within you but with a lot of efforts, taking a lot of time. However, forgiveness is a virtue that is important not just for the person who is receiving but also for the person who is giving forgiveness. No kchealthcare.net matter how difficult it is to forgive someone we all practice forgiveness to make the world a better place to live while finding inner peace away from anger and hatred we have gathered in our heart along with pain. Forgiveness allows us to make our lives better for yourself. With practicing forgiveness we can keep depression, anxiety and other ...
Read more

done. Life gives us lessons and we learn from

  done. Life gives us lessons and we learn from the lessons it teaches from us. Gandhi Ji has told us that forgiveness is an attribute of strong and magazinehouse.us truly it takes a lot of efforts, strength and time to forgive someone and forget about the feeling of hurt and pain it has caused. Forgiving is hard to be done especially when you find the person unworthy of your forgiveness. It is a feeling that comes within you but with a lot of efforts, taking a lot of time. However, forgiveness is a virtue that is important not just for the person who is receiving but also for the person who is giving forgiveness. magazinepot.com No matter how difficult it is to forgive someone we all practice forgiveness to make the world a better place to live while finding inner peace away from anger and hatred we have gathered in our heart along with pain. Forgiveness allows us to make our lives better for yourself. With practicing forgiveness we can keep depression, anxiety and ...
Read more