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Login: Password: Forum | Make a Journal Entry | View Journal Entries | Submit An Article | Make as StartPage Homepage Register Forgot password News Business Politics Sport City Diary Features Special Report Behind The News Art & Review Editorial Comment Letters Right Of Reply e-Business Law & Judiciary REAL ESTATE Education Development THISDAY Extra THISDAY Saturday THISDAY Sunday ARCHIVE     LINKS City Guides Hotels Business Exhibition Business Services Nigerian.TV Capital Markets Shops Domains WEB HOSTING Family Trees E-Africa.info E-Nigeria.net FlightsSearch.net MailingBox.net Payments   ThisDay question Should the National Electricity Power Authority be privatized? Yes No Indifferent View results ‘Inconsistent Policies, Bane of Manufacturing Sector’ By Oghenekevwe Laba, 12.07.2004 President, Lagos Chamber of Commerce and Industry, Chief Olusola Faleye, has faulted inconsistent policy as one of the factors inhibiting the progress of manufacturing sector in the country. Olusola,  who made the accusation  yesterday  at the third  Quarterly Business Luncheon  of the Lagos Chamber of Commerce, Ikoyi, Lagos, equally laid the blame of  factors inhibiting manufacturing sectors on operating cost and weak public institutions. He said while the multinational companies  have been able to absorb these shocks  by virtue of their size, management expertise and offshore corporate linkages, most indigenous  manufacturing  firms have collapsed under the burden  of the unfavourable business environment. Faleye said this was why  mortality rate of indigenous manufacturing companies had remained very high   adding that   it is gratifying that  Dangote group has posted   an exemplary performance  despite the overwhelming odds of Nigerian business environment. "Dangote no doubt has passion for manufacturing and value added enterprises. Its activities  cut across many segments  of the manufacturing sector  including cement, agro-allied industries and textiles among others. As an entrepreneur, he has distinguished himself as the  largest indigenous conglomerate in the country", he said. Faleye noted that  business luncheon  was instituted by  Lagos Chamber of Commerce to provide platform for distinguished personalities  in the private and public sectors  to address topical  issues  of economic and business importance  adding that they are of the believe that through regular discourse  of such vital issues,  they could shape  the direction of public policy  in a manner that would enhance  the global competitiveness of  Nigerian private sector.         REMAIN INFORMED WE SEND IT TO YOUR MAIL THISDAY NEWSLETTER Name E-Mail   Who We Are | THISDAY People | Contact Us © Copyright 2000-2004 Leaders & Company Limited This Site Created by White Pages Limited

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