How Companies Are Losing Money, A Manufacturer's Experience

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Vanguard

21 November 2011

How Companies Are Losing Money, A Manufacturer's Experience

Last Thursday, during the 40th annual general meeting of the Manufacturers Association of Nigeria, Apapa Branch, the Guest Speaker, Dr. Matthew Eshalomi, the Executive Director of European Soaps &Detergent PLC, narrated how companies are losing money from security to reception, drivers down to the junior staff.

In his presentation on contemporary issues in manufacturing in Nigeria- a manufacturer's experience, he told the audience that multiple taxes and levies, high exchange and interest rates, inconsistent government policies are not the only factors causing manufactures pain.

According to him, security is the heart and soul of most businesses. "When massive lapses occur at the security posts, very soon the company will be out of business."