Loading…

+917718880355

news

Lucky Fibres ltd need govt’s patronage to boost their capacity

YarnsandFibers News Bureau 2016-05-02 11:30:00 – Lagos

The Minister of State for Trade, Industry and Investment, Hajia Aishat Abubakar during his facility tour to Lucky Fibres limited, makers of Noble Rug and Carpet in Lagos made the pledge to address the myriads of challenges besetting the nation’s textile industry.

Receiving the minister, Senior Human Resources Manager, Mrs. Kemi Ajibade of Lucky Fibres Limited, expressed concern about the slow pace of development in the sector as a result of unfavourable government policies and infrastructure deficit.

According to Ajibade, activities in the company have been at low ebb as a result of epileptic power, limited raw materials occasioned by foreign exchange restrictions , hence, under utilisation of equipment.

Also the illegal activities of smugglers is taking its toll on the firm’s turn over as an average Nigerian cannot identify quality products, they prefer to go for cheap products in the market even if it does not serve for a long time.

The company urge government to assist them in addressing the activities of smuggling. If you visit Alaba Market, different kinds of substandard carpets and rugs are seen displayed for sales.

Ajibade solicited urgent interventions of government in the industry by patronising the firm.

While commending the company for promoting the federal government “made in Nigeria ” initiative, she urged players in the sector to be at patient with the government, pointing out that, the administration is considering a holistic approach to tackle the highlighted challenges bedeviling the country.

According to Ajibade, the Nigerian textile sector has the capacity to absorb more workers than any other sector in the economy. They need government’s patronage to boost their capacity. As at today, the company has 2500 direct and indirect staff in its payroll, if they are able to operate in full capacity, they will be able to engage more hands and reduce unemployment in the country

The minister expressed satisfaction with the high grade sophisticated equipment and quality produce of the company.

0 0 vote
Article Rating
0 Comments
Inline Feedbacks
View all comments

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!

WeCreativez WhatsApp Support
Our support team is here to answer your questions via WhatsApp. Ask us anything!
? Hello