Archive Erisco Foods leaves Nigeria, sets out toward Kenya, three...

Erisco Foods leaves Nigeria, sets out toward Kenya, three other countries


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Africa’s top tomato glue producer, Chief Eric Umeofia, has gotten hardware under way to set up assembling projects in four African nations—Kenya, Cameroon, Cote d’Ivoire and Ethiopia.

The move into four other African nations is an aftermath from Umeofia’s choice to close shop in Nigeria.

Umeofia, who affirmed the intention to reporters in Lagos on Sunday, said that his objective was likewise to have prevailing tomato glue fabricating presence in no less than 20 African nations soon.

He said that simplicity of working together was his fascination in opening shops in the African nations, taking after his plans to move out of Nigeria in light of “the brutal substances of working together in the nation”.

Umeofia had complained of things now devastating his Nigeria operations.

He said undue partiality to Lebanese, Indian and Chinese businesspeople in the assignment of remote trade to import tomato glues and different things, including solidified fish, has managed genuine hit to his organization, Erisco Foods Ltd. furthermore to other Nigerian organizations required in assembling.

Erisco Foods, which has had predominant nearness in Liberia and Angola throughout the years, is recorded as Africa’s top tomato glue producer, and the organization is the fourth biggest of its sort on the planet, as per records.

Be that as it may, arrangement irregularities and charged conspiracy of authorities of some key government organizations to deny outside trade distribution to indigenous organizations in inclination for nonnatives have left numerous Nigerian organizations battling or shutting shops lately.

On October 5, Umeofia declared arrangements to close down operations and sack somewhere in the range of 1,500 workers at his extensive processing plant in Oregun, a modern territory of Lagos.

The industrialist said that he chose to move to China to create at less expensive cost and afterward, offer the products in Nigeria and other African markets, saying that he would even make more benefit doing as such.

Umeofia said that he brought his assembling concerns worth about $150m in Dubai and Angola to Nigeria in 2009 in what he depicted as his devoted energy to add to the development of Nigeria.

He said, “However dumping of sub-standard tomato glues from primarily Asian countries has come about to Erisco Foods losing up to N3.5bn as of late.

Substandard tomatoe glues has meant less sales and loss of customers. That can also turn to the company going bankrupt.

The Anambra State conceived industrialist restated that Erisco Foods would likewise no longer proceed with its plans to set up a plant to make tractors and other rural embellishments in northern Nigeria, because of remote trade difficulties to buy apparatus.

Umeofia begged President Muhammadu Buhari to utilize his great authority to investigate the exercises of top authorities of some administration offices scheming with non-natives to dupe Nigeria.

“Favoring nonnatives working together in Nigeria is counter-profitable on the grounds that no outsider can love Nigeria like Nigerians.”

Erisco Foods has a plant fit for delivering 450,000 metric huge amounts of tomato glue and ketchup every year except the organization is creating at beneath 20 for each penny of its introduced limit, because of sundry difficulties.



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