Border closure killing cosmetics industries in Nigeria- Chairman, T & C Group
.Says more job losses to hit Nigeria’s economy if…
By Udeme Clement
The new Chairman, Toiletries and Cosmetics Group of the Manufacturers Association of Nigeria (T & C Group), Mr Okafor Uchenna James has said that border closure directed by the Federal Government is killing cosmetics industries in Nigeria.
He disclosed this while addressing Journalists at the just concluded Annual General Meeting, AGM, of the Group in Lagos.
The Chairman further revealed that more than three cosmetics industries in Nigeria have closed down since the border closure started in August, 2019.
Giving more explanation on how border closure across the country is affecting the Cosmetics sub-sector of the economy, he said, “At present, more than three cosmetics companies have closed down in just four months since the border closure started. The reason is because, about 70 percent of the cosmetics products made by these local industries in Nigeria are consumed by African countries surrounding us.
“Before the border closure, these African countries used to come to Nigeria and purchase our local products for sales in their own countries. But with the on-going border closure, they can no longer do business with local firms in Nigeria.”
He lamented, “Aside from closing down completely, workers in these cosmetics industries affected have lost their jobs. This is a serious problem facing us as a nation.
“The danger is that if this trend is not checked, more job losses will hit Nigeria’s economy and this has serious economic implications on the growth rate. Government ought to have carried out wide consultation with stakeholders in various sectors of the economy before closing the border.”.
He advised government to put new measures in place for effective monitoring of the borders, for businesses to thrive, instead of closure.