David-Chyddy Eleke in Awka
The Chief Executive officer of Cutix Plc, Mr Ifeanyi Uzodike has decried the importation of substandard products into the Nigerian market, saying it is bane of local manufacturers.
Uzodike, revealed this to journalists during a press conference to precede the annual general meeting of the company.
The industrialist who bows out as the CEO of the company next week after running the indigenous electrical cable manufacturing company for 10 years, told journalists that government policy on importation was contributing to the hardship faced by local manufacturers in Nigeria.
He lamented that substandard cables imported from other countries flood the market, and are sold at very low prices, whereas indigenous companies that manufacture durable cables suffer low patronage, just because some regulatory agencies look away…
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