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Local Content: Minister Okays Marc & Mei By Patrick Ugeh The Minister of Industy, Ambassador Magaji Mohammed, visited the two factories of Marc & Mei, makers of Fanafrik, last weekend and confirmed that the company manufactures a reasonable proportion of its components locally. After a facility inspection of the factories located at Burma Road and Wharf Road, both in Apapa, the visibly contented minister remarked: "I've seen what you are doing. You are truly assembling your products. You are also producing some components." His visit was prompted by allegations that some companies claiming to be manufacturing were only importing and reselling the wares without adding any local content or value. Speaking on the situation in Marc & Mei, Mohammed said: "There is a lot of local content in the products I have seen. There is some value addition. The rubber (plastic) components are being manufactured locally. So far so good." He however noted that the aluminium components such as the motor used for the fans being imported because they were not available in the country right now could eventually be produced by the makers of Fanafrik, The minister asked her to table her complaints regarding the wrong classification of her company as a mere importer and sent it to his office. The Managing Director and Chief Executive of Marc & Mei, Mrs Mei Kponton, had told the minister who had earlier visited a number of factories in Lagos State, that her firm was being made to pay 40 per cent duty for allegedly importing the products without adding any value. She appealed to the top government functionary to use his good offices to rectify the situation as the duty has crippled her business since the prices of fans produced by Marc & Mei were no longer competitive. She therefore asked that the 40 per cent duty be removed, especially as the company plans to export its products to some African countries where they are needed. Who Are We ? | About THISDAYOnLine.com | THISDAY People | Contact Us © Copyright 2000 Leaders & Company Limited

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