Business
THE Managing Director, Coleman Wires and Cables, Mr George Onafowokan, has urged the Federal Government to do more in addressing counterfeiting in the industry.
Onafowokan, who made the call in a statement on Tuesday in Lagos, said that more needed to be done by the Standards Organisation of Nigeria and other related agencies to tackle the challenge.
He also said that the manufacturers needed to make cables available at affordable prices.
“If the cables are affordable, it is competitive; it basically will stop importation, and that is what we are going to be doing and that is what we are doing.
“Also, the more we focus on making it available at an affordable price, I think counterfeiting and adulteration will cease over time, “ he said.
The managing director said that Nigeria, West Africa and the entire continent should expect a lot more from the brand as the company was increasing investments.
According to him, the company has invested over $100 million in fibre optic cables, marine cables and transmission cables, which has led it to its present position.
“The key is providing and continuously pushing efficiency, capacity, creating jobs and in the Nigerian philosophy of Coleman, we do not encourage importation,” he said.
Onafowokan said that the company had developed Nigeria and had been able to show that more than 50 per cent of what Coleman produced was either in the first, second, third and maximum, fifth place in the country.
He said this was from the simple principle of made in Nigeria cables. (NAN)
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Tags: Coleman Wires and Cables. Mr George Onafowokan
