Vanguard, THURSDAY, OCTOBER 25, 2012—35
Tyre marketers shop for investors in N2.26bn facility STORIES BY FRANKLIN ALLI
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HE Association of Nigerian Tyre Marketers (ANTM) has called for more investors in the tyre business to participate in their N2.26 billion ultramodern international shopping edifice at the International Trade Fair Complex in Lagos. They have also concluded arrangements to relocate from their current base at Idumota, to the permanent site (trade fair complex) in May 2013. The President of the Association, Alhaji Issa Akanbi Mohammed, who
disclosed these at a media briefing, said the centre is being built at the cost of N2.26 billion naira. “This is why we are calling for more tyre dealers to come on board and own a shop there by registering at our secretariat. The buildings are fire proof as we are not using any wood or flammable substance in its construction. Even the roof is concrete casting. By the way we are going, our May, 2013 relocation date is a reality.” According to him, the new tyre market at Trade Fair Complex will be
called African Mobility Centre. “The edifice is named African Mobility Centre because all the facilities and infrastructures are of world standard. He assured that the project after it is completed will provide adequate space, freedom, security, quality services and affordable prices for the shopping pleasure of all tyre dealers anywhere in Africa. “We hope to complete and move into the first phase of the centre by May next year, while construction works will continue on phase 2 of the
project,” he stated. Okechukwu Eze Ifeoma , the Association’s Vice President cited insecurity, congestion, constant harassment by hoodlums and unguarded rent increment as some of the rea-
sons that prompted their decision to move away from Lagos Island to a more business friendly environment. “Also we saw an urgent need to comply with the directive of Lagos state
Government which demands an end to street trading, and that all markets should move away from residential areas. It’s for our own good.”
Manufacturing sector still burdened by high cost of fund – LCCI BY NAOMI UZOR
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HE Lagos Chamber of Commerce and Industry, LCCI, has said that the manufacturing sector is still groaning under the pressure of
dwindling sales, weak consumer demand, high cost of fund, dumping of substandard products at ridiculous prices in the market and unethical practices in the distributive trade sector.
In a review of the third quarter of the economy, the President of LCCI, Mr. Goodie Ibru, said the manufacturing sector is being saddled with numerous pressures and it’s taking a great toll on the economy. “However, some manufacturers acknowledged the improvement in power supply but lamented the outrageous tariff. There are concerns about weak commitment to the implementation of the policy of patronage of made-in-Nigeria products by government ministries and agencies. We believe that stronger commitment to the policy of patronage of made in Nigeria products would have a tremendous impact on the industrial sector,” he said.
Promasidor set to train journalists at LBS
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ROMASIDOR Ni geria Limited says it’s set to train journalists from different media houses across the country at the Lagos Business School. The company it will be recalled, had during a Media Brand Academy held at Akodo, a resort in Lagos, promised to build journalists capacity as part of its corporate social responsibility. Accordingly, the company has launched its Quill Awards, saying it’s is aimed at rewarding excellence in the media. Mr. Andrew Enahoro, Head Legal and PR, said that the awards cover five categories: Brand Advocate of the year, Best CSR Report of the year, Most Educative Report of the year, Best Report on Nutrition and the Best Photo Story of the year. Mr. Ayodele Oguntubi, Coordinator Corporate Affairs, said that interested journalists can only submit one entry per category, except the Brand Advocate category where “we will do the collation ourselves with the help of our agency.”